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REGISTERED NUMBER: 05793805 (England and Wales)















Abergavenny MOT Centre Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






Abergavenny MOT Centre Limited (Registered number: 05793805)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abergavenny MOT Centre Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: J D Judd
N P Judd
S Judd
C H N Judd





SECRETARY: S Judd





REGISTERED OFFICE: Park Road Garage
Park Road
Abergavenny
NP7 5TU





REGISTERED NUMBER: 05793805 (England and Wales)





ACCOUNTANTS: Griffiths Green Arnold
Accountants & Business Advisors
11 New Street
Pontnewydd
Cwmbran
NP44 1EE

Abergavenny MOT Centre Limited (Registered number: 05793805)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,654 102,454

CURRENT ASSETS
Stocks 524,481 548,009
Debtors 5 179,264 50,399
Cash at bank 283,640 157,719
987,385 756,127
CREDITORS
Amounts falling due within one year 6 144,497 72,272
NET CURRENT ASSETS 842,888 683,855
TOTAL ASSETS LESS CURRENT
LIABILITIES

933,542

786,309

CREDITORS
Amounts falling due after more than one year 7 (18,333 ) (28,333 )

PROVISIONS FOR LIABILITIES (17,000 ) (19,000 )
NET ASSETS 898,209 738,976

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 898,109 738,876
898,209 738,976

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

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

Abergavenny MOT Centre Limited (Registered number: 05793805)

Balance Sheet - continued
31 August 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 28 February 2024 and were signed on its behalf by:





J D Judd - Director


Abergavenny MOT Centre Limited (Registered number: 05793805)

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

1. STATUTORY INFORMATION

Abergavenny MOT Centre 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. 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.

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
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 15% 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 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 6 (2022 - 6 ) .

Abergavenny MOT Centre Limited (Registered number: 05793805)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 16,683 145,070 6,383 168,136
DEPRECIATION
At 1 September 2022 15,212 48,699 1,771 65,682
Charge for year 1,471 9,637 692 11,800
At 31 August 2023 16,683 58,336 2,463 77,482
NET BOOK VALUE
At 31 August 2023 - 86,734 3,920 90,654
At 31 August 2022 1,471 96,371 4,612 102,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 135,603 19,404
Amounts owed by group undertakings 24,573 -
Other debtors 19,088 30,995
179,264 50,399

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 28,315 20,939
Taxation and social security 102,492 37,796
Other creditors 3,690 3,537
144,497 72,272

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 18,333 28,333

Abergavenny MOT Centre Limited (Registered number: 05793805)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
J D Judd
Balance outstanding at start of year 1,595 1,381
Amounts advanced - 3,214
Amounts repaid (1,595 ) (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,595

N P Judd
Balance outstanding at start of year 16,593 1,380
Amounts advanced - 18,213
Amounts repaid (16,593 ) (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 16,593