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Registered number: 08538883
R W Mott & Partner Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
James Khan
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08538883
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,300 6,600
Tangible Assets 5 305,847 309,687
309,147 316,287
CURRENT ASSETS
Debtors 6 70,779 52,476
Cash at bank and in hand 127,777 183,886
198,556 236,362
Creditors: Amounts Falling Due Within One Year 7 (239,331 ) (233,680 )
NET CURRENT ASSETS (LIABILITIES) (40,775 ) 2,682
TOTAL ASSETS LESS CURRENT LIABILITIES 268,372 318,969
Creditors: Amounts Falling Due After More Than One Year 8 (178,336 ) (193,192 )
NET ASSETS 90,036 125,777
CAPITAL AND RESERVES
Called up share capital 9 15,003 15,003
Revaluation reserve 10 31,538 31,538
Profit and Loss Account 43,495 79,236
SHAREHOLDERS' FUNDS 90,036 125,777
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Benjamin Mott
Director
09/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
R W Mott & Partner Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08538883 . The registered office is Times House Plassey Street, Penarth, CF64 1ET.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold in accordance with the property
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 20% on reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 10)
8 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 33,000
As at 29 February 2024 33,000
Amortisation
As at 1 March 2023 26,400
Provided during the period 3,300
As at 29 February 2024 29,700
Net Book Value
As at 29 February 2024 3,300
As at 1 March 2023 6,600
Page 3
Page 4
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 308,644 5,900 4,532 25,084 344,160
As at 29 February 2024 308,644 5,900 4,532 25,084 344,160
Depreciation
As at 1 March 2023 9,288 5,145 2,216 17,824 34,473
Provided during the period 1,852 189 347 1,452 3,840
As at 29 February 2024 11,140 5,334 2,563 19,276 38,313
Net Book Value
As at 29 February 2024 297,504 566 1,969 5,808 305,847
As at 1 March 2023 299,356 755 2,316 7,260 309,687
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 69,291 50,746
Other debtors 1,488 1,730
70,779 52,476
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 188,849 185,863
Bank loans and overdrafts 10,000 12,119
Other creditors 10,597 8,960
Taxation and social security 29,885 26,738
239,331 233,680
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 178,336 193,192
178,336 193,192
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15,003 15,003
Page 4
Page 5
10. Reserves
Revaluation Reserve
£
As at 1 March 2023 31,538
As at 29 February 2024 31,538
Page 5