IRIS Accounts Production v23.3.0.418 05583016 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure055830162022-03-31055830162023-03-31055830162022-04-012023-03-31055830162021-03-31055830162021-04-012022-03-31055830162022-03-3105583016ns16:EnglandWales2022-04-012023-03-3105583016ns15:PoundSterling2022-04-012023-03-3105583016ns11:Director12022-04-012023-03-3105583016ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3105583016ns11:SmallEntities2022-04-012023-03-3105583016ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3105583016ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105583016ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3105583016ns11:FullAccounts2022-04-012023-03-3105583016ns11:RegisteredOffice2022-04-012023-03-3105583016ns6:CurrentFinancialInstruments2023-03-3105583016ns6:CurrentFinancialInstruments2022-03-3105583016ns6:Non-currentFinancialInstruments2023-03-3105583016ns6:Non-currentFinancialInstruments2022-03-3105583016ns6:ShareCapital2023-03-3105583016ns6:ShareCapital2022-03-3105583016ns6:RetainedEarningsAccumulatedLosses2023-03-3105583016ns6:RetainedEarningsAccumulatedLosses2022-03-3105583016ns6:PlantMachinery2022-04-012023-03-3105583016ns6:PlantMachinery2022-03-3105583016ns6:PlantMachinery2023-03-3105583016ns6:PlantMachinery2022-03-3105583016ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3105583016ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 05583016 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DRIFT ROAD MOT LIMITED

DRIFT ROAD MOT LIMITED (REGISTERED NUMBER: 05583016)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRIFT ROAD MOT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: C J Hancock





REGISTERED OFFICE: 3 Church Street
Odiham
Hook
Hampshire
RG29 1LU





REGISTERED NUMBER: 05583016 (England and Wales)





ACCOUNTANTS: Goddard & Co
Chartered Accountants
3 Church Street
Odiham, Hook
Hampshire
RG29 1LU

DRIFT ROAD MOT LIMITED (REGISTERED NUMBER: 05583016)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,322 31,834

CURRENT ASSETS
Debtors 5 18,727 11,155
Cash at bank and in hand 12,901 19,991
31,628 31,146
CREDITORS
Amounts falling due within one year 6 32,818 5,498
NET CURRENT (LIABILITIES)/ASSETS (1,190 ) 25,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,132

57,482

CREDITORS
Amounts falling due after more than one year 7 (13,359 ) -

PROVISIONS FOR LIABILITIES - (5,839 )
NET ASSETS 30,773 51,643

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,673 51,543
SHAREHOLDERS' FUNDS 30,773 51,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DRIFT ROAD MOT LIMITED (REGISTERED NUMBER: 05583016)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 27 November 2023 and were signed by:





C J Hancock - Director


DRIFT ROAD MOT LIMITED (REGISTERED NUMBER: 05583016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Drift Road MOT 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.

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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 10% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

DRIFT ROAD MOT LIMITED (REGISTERED NUMBER: 05583016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 113,630
Additions 40,829
Disposals (44,647 )
At 31 March 2023 109,812
DEPRECIATION
At 1 April 2022 81,796
Charge for year 13,450
Eliminated on disposal (30,756 )
At 31 March 2023 64,490
NET BOOK VALUE
At 31 March 2023 45,322
At 31 March 2022 31,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,294 7,443
Other debtors 8,433 3,712
18,727 11,155

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,010 -
Trade creditors 2,036 1,003
Taxation and social security - 725
Other creditors 25,772 3,770
32,818 5,498

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 13,359 -