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REGISTERED NUMBER: 08223767 (England and Wales)












ML Motors (Heywood) Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023






ML Motors (Heywood) Limited (Registered number: 08223767)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


ML Motors (Heywood) Limited

Company Information
for the Year Ended 30 September 2023







Directors: Mr M P Livesley
Mrs L J Livesley





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 08223767 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

ML Motors (Heywood) Limited (Registered number: 08223767)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 22,956 24,466
22,956 24,466

Current assets
Stocks 2,265 2,015
Debtors 6 3,823 5,819
Cash at bank and in hand 34,967 27,668
41,055 35,502
Creditors
Amounts falling due within one year 7 37,140 31,027
Net current assets 3,915 4,475
Total assets less current liabilities 26,871 28,941

Creditors
Amounts falling due after more than one
year

8

13,339

23,293
Net assets 13,532 5,648

Capital and reserves
Called up share capital 10 10
Retained earnings 13,522 5,638
Shareholders' funds 13,532 5,648

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

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

ML Motors (Heywood) Limited (Registered number: 08223767)

Balance Sheet - continued
30 September 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 25 January 2024 and were signed on its behalf by:





Mr M P Livesley - Director


ML Motors (Heywood) Limited (Registered number: 08223767)

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

1. Statutory information

ML Motors (Heywood) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

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 ) .

ML Motors (Heywood) Limited (Registered number: 08223767)

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 October 2022
and 30 September 2023 45,000
Amortisation
At 1 October 2022
and 30 September 2023 45,000
Net book value
At 30 September 2023 -
At 30 September 2022 -

5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 October 2022 24,110 40,559 64,669
Additions 7,740 2,625 10,365
Disposals - (2,900 ) (2,900 )
At 30 September 2023 31,850 40,284 72,134
Depreciation
At 1 October 2022 13,529 26,674 40,203
Charge for year 3,056 8,244 11,300
Eliminated on disposal - (2,325 ) (2,325 )
At 30 September 2023 16,585 32,593 49,178
Net book value
At 30 September 2023 15,265 7,691 22,956
At 30 September 2022 10,581 13,885 24,466

6. Debtors: amounts falling due within one year
30.9.23 30.9.22
£    £   
Trade debtors 1,399 3,189
Other debtors 2,424 2,630
3,823 5,819

ML Motors (Heywood) Limited (Registered number: 08223767)

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

7. Creditors: amounts falling due within one year
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 9,954 9,955
Trade creditors 7,828 2,537
Taxation and social security 14,750 13,373
Other creditors 4,608 5,162
37,140 31,027

8. Creditors: amounts falling due after more than one year
30.9.23 30.9.22
£    £   
Bank loans 13,339 23,293