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REGISTERED NUMBER: 07158596 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Morley MOT & Service Centre Limited

Morley MOT & Service Centre Limited (Registered number: 07158596)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Morley MOT & Service Centre Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: S Audsley
J J Audsley





REGISTERED OFFICE: Unit 8 Highcliffe Industrial Estate
Brintcliffe Lane
Morley
Leeds
LS27 9LR





REGISTERED NUMBER: 07158596 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Morley MOT & Service Centre Limited (Registered number: 07158596)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 451,511 422,016

CURRENT ASSETS
Stocks 5 25,000 25,000
Debtors 6 29,211 67,948
Cash at bank 105,522 46,137
159,733 139,085
CREDITORS
Amounts falling due within one year 7 101,702 87,444
NET CURRENT ASSETS 58,031 51,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

509,542

473,657

CREDITORS
Amounts falling due after more than one
year

8

200,933

197,492
NET ASSETS 308,609 276,165

CAPITAL AND RESERVES
Called up share capital 9 202 2
Retained earnings 10 308,407 276,163
SHAREHOLDERS' FUNDS 308,609 276,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Morley MOT & Service Centre Limited (Registered number: 07158596)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





S Audsley - Director


Morley MOT & Service Centre Limited (Registered number: 07158596)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Morley MOT & Service Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Morley MOT & Service Centre Limited (Registered number: 07158596)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 May 2022 372,751 115,991 23,784 512,526
Additions - 44,680 15,687 60,367
At 30 April 2023 372,751 160,671 39,471 572,893
DEPRECIATION
At 1 May 2022 7,455 78,298 4,757 90,510
Charge for year 7,455 16,474 6,943 30,872
At 30 April 2023 14,910 94,772 11,700 121,382
NET BOOK VALUE
At 30 April 2023 357,841 65,899 27,771 451,511
At 30 April 2022 365,296 37,693 19,027 422,016

5. STOCKS
30.4.23 30.4.22
£    £   
Stocks 25,000 25,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 29,211 67,948

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Loan creditor 46,315 55,894
Hire purchase contracts 6,624 -
Trade creditors 17,223 14,661
Tax 14,472 -
Social security and other taxes 14,068 16,889
Accrued expenses 3,000 -
101,702 87,444

Morley MOT & Service Centre Limited (Registered number: 07158596)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts 24,101 -
Loan creditor 156,591 197,492
Directors' current accounts 20,241 -
200,933 197,492

The loan creditor is secured by way of a charge over the freehold property.

The hire purchase creditor is secured over the asset to which it relates to.

9. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
200 Ordinary £1 200 2
1 A Ordinary £0.01 1 -
1 B Ordinary £0.01 1 -
202 2

10. RESERVES
Retained
earnings
£   

At 1 May 2022 276,163
Profit for the year 106,984
Dividends (74,740 )
At 30 April 2023 308,407

11. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.