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REGISTERED NUMBER: 10892931 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

FOR

Your Motor Club Ltd

Your Motor Club Ltd (Registered number: 10892931)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2022




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Your Motor Club Ltd

COMPANY INFORMATION
for the year ended 31 August 2022







Director: Mr A D Lawson





Registered office: 15 Meadowfield Place
Plymouth
Devon
PL7 1XQ





Registered number: 10892931 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Your Motor Club Ltd (Registered number: 10892931)

BALANCE SHEET
31 August 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 360
Tangible assets 5 5,448 7,264
5,448 7,624

Current assets
Stocks - 2,550
Debtors 6 6,741 6,741
Cash at bank 23 40
6,764 9,331
Creditors
Amounts falling due within one year 7 47,753 72,067
Net current liabilities (40,989 ) (62,736 )
Total assets less current liabilities (35,541 ) (55,112 )

Creditors
Amounts falling due after more than one
year

8

14,979

16,667
Net liabilities (50,520 ) (71,779 )

Capital and reserves
Called up share capital 9 10 10
Retained earnings (50,530 ) (71,789 )
Shareholders' funds (50,520 ) (71,779 )

Your Motor Club Ltd (Registered number: 10892931)

BALANCE SHEET - continued
31 August 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 March 2024 and were signed by:





Mr A D Lawson - Director


Your Motor Club Ltd (Registered number: 10892931)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2022

1. STATUTORY INFORMATION

Your Motor Club Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office and business 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.

Going concern
The financial statements have been prepared on a going concern basis. The company is dependant on the continued support of its director. The financial statements do not include any adjustments that may result in a withdrawal of funds and therefore the going concern basis is believed to be appropriate.

Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts. Turnover includes revenue earned from the rendering of services which relates to the short term hire of tools and workshop space. Turnover is recognised when invoices are raised subject to adjustments for amounts invoiced in arrears or advance as at the balance sheet date.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the term of the lease
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


Your Motor Club Ltd (Registered number: 10892931)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2022

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Your Motor Club Ltd (Registered number: 10892931)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2022

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
Cost
At 1 September 2021
and 31 August 2022 1,800
Amortisation
At 1 September 2021 1,440
Amortisation for year 360
At 31 August 2022 1,800
Net book value
At 31 August 2022 -
At 31 August 2021 360

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
Cost
At 1 September 2021
and 31 August 2022 3,864 16,193 20,057
Depreciation
At 1 September 2021 3,864 8,929 12,793
Charge for year - 1,816 1,816
At 31 August 2022 3,864 10,745 14,609
Net book value
At 31 August 2022 - 5,448 5,448
At 31 August 2021 - 7,264 7,264

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 5,185 5,185
Prepayments 1,556 1,556
6,741 6,741

Your Motor Club Ltd (Registered number: 10892931)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 7,428 6,695
VAT - 800
Other creditors - 5,000
Intercompany loan 35,133 35,133
Directors loan account 1,388 22,294
Accrued expenses 3,804 2,145
47,753 72,067

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 4,000 4,000
Bank loans - 2-5 years 10,979 12,667
14,979 16,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
10 Ordinary £1 10 10

10. RELATED PARTY DISCLOSURES

At the balance sheet date the following amounts were owed to related parties:

Name Relationship Amount

Lawson Aero Engineering Ltd See below £35,133

Lawson Aero Engineering Ltd is a company in which Mr A Lawson has a controlling interest. This company is in the process of being liquidated.

At the balance sheet date the following was owed to the related parties by the company;

Name Relationship Amount

Mr A Lawson Director £1,388
The balance above was made up of an bought forward of £22,294 (Credit), from which £2,610 was introduced and £23,515 was withdrawn.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A D Lawson.