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REGISTERED NUMBER: 07765569 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Motorsafe Ltd

Motorsafe Ltd (Registered number: 07765569)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Motorsafe Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: M R Davies





SECRETARY: M R Davies





REGISTERED OFFICE: 44 St Josephs Avenue
Whitefield
Manchester
M45 6NT





REGISTERED NUMBER: 07765569 (England and Wales)





ACCOUNTANTS: Rowlinson Rainbow & Company
5/7 New Road
Radcliffe
Greater Manchester
M26 1LS

Motorsafe Ltd (Registered number: 07765569)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100 125
Property, plant and equipment 5 1,132 1,416
1,232 1,541

CURRENT ASSETS
Debtors 6 11,453 2,949
Cash at bank 67,003 55,561
78,456 58,510
CREDITORS
Amounts falling due within one year 7 26,386 22,412
NET CURRENT ASSETS 52,070 36,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,302

37,639

CREDITORS
Amounts falling due after more than one
year

8

16,397

31,533
NET ASSETS 36,905 6,106

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 36,903 6,104
SHAREHOLDERS' FUNDS 36,905 6,106

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

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

Motorsafe Ltd (Registered number: 07765569)

Balance Sheet - continued
31 July 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 13 February 2024 and were signed by:





M R Davies - Director


Motorsafe Ltd (Registered number: 07765569)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Motorsafe Ltd 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
Revenue 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 2 (2022 - 2 ) .

Motorsafe Ltd (Registered number: 07765569)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 July 2023 1,375
AMORTISATION
At 1 August 2022 1,250
Charge for year 25
At 31 July 2023 1,275
NET BOOK VALUE
At 31 July 2023 100
At 31 July 2022 125

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 4,996
DEPRECIATION
At 1 August 2022 3,580
Charge for year 284
At 31 July 2023 3,864
NET BOOK VALUE
At 31 July 2023 1,132
At 31 July 2022 1,416

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 8,504 -
Other debtors 2,949 2,949
11,453 2,949

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 25,435 21,526
Other creditors 951 886
26,386 22,412

Motorsafe Ltd (Registered number: 07765569)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors 16,397 31,533