IRIS Accounts Production v23.3.1.45 02995546 Board of Directors Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false 'A' Ordinary shares 1.00000 'B' Ordinary shares 1.00000 'C' Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029955462022-11-30029955462023-11-30029955462022-12-012023-11-30029955462021-11-30029955462021-12-012022-11-30029955462022-11-3002995546ns10:Originalns15:EnglandWales2022-12-012023-11-3002995546ns14:PoundSterlingns10:Original2022-12-012023-11-3002995546ns10:Originalns10:Director12022-12-012023-11-3002995546ns10:Original2022-12-012023-11-3002995546ns10:Originalns10:Director22022-12-012023-11-3002995546ns10:Originalns10:Director32022-12-012023-11-3002995546ns10:Original2023-11-3002995546ns10:Originalns10:PrivateLimitedCompanyLtd2022-12-012023-11-3002995546ns10:Originalns10:SmallEntities2022-12-012023-11-3002995546ns10:Originalns10:AuditExemptWithAccountantsReport2022-12-012023-11-3002995546ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3002995546ns10:SmallCompaniesRegimeForAccountsns10:Original2022-12-012023-11-3002995546ns10:Originalns10:FullAccounts2022-12-012023-11-3002995546ns10:Originalns10:OrdinaryShareClass12022-12-012023-11-3002995546ns10:Originalns10:OrdinaryShareClass22022-12-012023-11-3002995546ns10:OrdinaryShareClass3ns10:Original2022-12-012023-11-3002995546ns10:CompanySecretary1ns10:Original2022-12-012023-11-3002995546ns10:Originalns10:RegisteredOffice2022-12-012023-11-3002995546ns10:Original2022-11-3002995546ns10:Originalns5:CurrentFinancialInstruments2023-11-3002995546ns10:Originalns5:CurrentFinancialInstruments2022-11-3002995546ns5:ShareCapitalns10:Original2023-11-3002995546ns5:ShareCapitalns10:Original2022-11-3002995546ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-11-3002995546ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-3002995546ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-12-012023-11-3002995546ns10:Originalns5:FurnitureFittings2022-12-012023-11-3002995546ns10:Original2021-12-012022-11-3002995546ns10:Originalns5:LandBuildings2022-11-3002995546ns10:Originalns5:FurnitureFittings2022-11-3002995546ns10:Original2022-11-3002995546ns10:Originalns5:LandBuildings2022-12-012023-11-3002995546ns10:Originalns5:LandBuildings2023-11-3002995546ns10:Originalns5:FurnitureFittings2023-11-3002995546ns10:Originalns5:LandBuildings2022-11-3002995546ns10:Originalns5:FurnitureFittings2022-11-3002995546ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3002995546ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3002995546ns10:Originalns10:OrdinaryShareClass12023-11-3002995546ns10:Originalns10:OrdinaryShareClass22023-11-3002995546ns10:OrdinaryShareClass3ns10:Original2023-11-30
REGISTERED NUMBER: 02995546 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Moto Bins Limited

Moto Bins Limited (Registered number: 02995546)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Moto Bins Limited

Company Information
for the Year Ended 30 November 2023







Directors: P A Binswanger
Mrs B R Binswanger
D P Binswanger





Secretary: D P Binswanger





Registered office: 16 Surfleet Road
Surfleet
Spalding
Lincolnshire
PE11 4AG





Registered number: 02995546 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Moto Bins Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Moto Bins Limited for the year ended 30 November 2023 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Moto Bins Limited, as a body, in accordance with the terms of our engagement letter dated 8 February 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Moto Bins Limited and state those matters that we have agreed to state to the Board of Directors of Moto Bins Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moto Bins Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Moto Bins Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Moto Bins Limited. You consider that Moto Bins Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Moto Bins Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


6 February 2024

Moto Bins Limited (Registered number: 02995546)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 162,148 167,923

Current assets
Stocks 577,962 603,404
Debtors 6 37,853 37,185
Cash at bank and in hand 417,134 366,068
1,032,949 1,006,657
Creditors
Amounts falling due within one year 7 40,370 28,669
Net current assets 992,579 977,988
Total assets less current liabilities 1,154,727 1,145,911

Provisions for liabilities 1,806 2,412
Net assets 1,152,921 1,143,499

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings 1,151,921 1,142,499
Shareholders' funds 1,152,921 1,143,499

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Moto Bins Limited (Registered number: 02995546)

Statement of Financial Position - continued
30 November 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:




P A Binswanger - Director Mrs B R Binswanger - Director




D P Binswanger - Director


Moto Bins Limited (Registered number: 02995546)

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


1. Statutory information

Moto Bins 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.
Land and buildings - 2% on a straight line basis and Not depreciated
Equipment, fixtures and fittings - 25% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Moto Bins Limited (Registered number: 02995546)

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


3. Accounting policies - continued

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.

4. Employees and directors

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

5. Tangible fixed assets
Equipment,
fixtures
Land and and
buildings fittings Totals
£    £    £   
Cost
At 1 December 2022
and 30 November 2023 181,060 51,877 232,937
Depreciation
At 1 December 2022 25,832 39,182 65,014
Charge for year 2,583 3,192 5,775
At 30 November 2023 28,415 42,374 70,789
Net book value
At 30 November 2023 152,645 9,503 162,148
At 30 November 2022 155,228 12,695 167,923

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 3,774 2,564
Tax - 3,254
VAT - 784
Prepayments and accrued income 34,079 30,583
37,853 37,185

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 18,196 16,868
Corporation tax 9,278 -
Social security and other taxes 6,140 6,254
VAT 1,009 -
Directors' loan accounts 47 47
Accruals and deferred income 5,700 5,500
40,370 28,669

Moto Bins Limited (Registered number: 02995546)

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


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 'A' Ordinary shares £1 500 500
250 'B' Ordinary shares £1 250 250
250 'C' Ordinary shares £1 250 250
1,000 1,000