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REGISTERED NUMBER: 04545582 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Motor Marque Limited

Motor Marque Limited (Registered number: 04545582)






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


Motor Marque Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: M Frankland





SECRETARY: J E Corts-Frankland





REGISTERED OFFICE: Clayton Wood Close
West Park
Leeds
West Yorkshire
LS16 6QE





REGISTERED NUMBER: 04545582 (England and Wales)





ACCOUNTANTS: Whitesides Chartered Accountants
Lister House
Lister Hill
Horsforth
Leeds
LS18 5AZ

Motor Marque Limited (Registered number: 04545582)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 142,206 144,724

CURRENT ASSETS
Stocks 10,450 8,700
Debtors 5 47,447 12,377
Prepayments and accrued income - 25,951
Cash at bank and in hand 144,746 154,530
202,643 201,558
CREDITORS
Amounts falling due within one year 6 161,561 135,411
NET CURRENT ASSETS 41,082 66,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,288

210,871

CREDITORS
Amounts falling due after more than one year 7 (29,997 ) (75,000 )

PROVISIONS FOR LIABILITIES (28,612 ) (22,588 )
NET ASSETS 124,679 113,283

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 124,579 113,183
SHAREHOLDERS' FUNDS 124,679 113,283

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 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.

Motor Marque Limited (Registered number: 04545582)

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 director and authorised for issue on 15 March 2024 and were signed by:





M Frankland - Director


Motor Marque Limited (Registered number: 04545582)

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

1. STATUTORY INFORMATION

Motor Marque 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 15 years
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation.

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.

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.

Motor Marque Limited (Registered number: 04545582)

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

2. ACCOUNTING POLICIES - continued

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 14 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2022 119,273 146,687 48,470
Additions 314 8,049 -
At 30 September 2023 119,587 154,736 48,470
DEPRECIATION
At 1 October 2022 68,084 117,341 47,371
Charge for year 5,691 5,981 607
At 30 September 2023 73,775 123,322 47,978
NET BOOK VALUE
At 30 September 2023 45,812 31,414 492
At 30 September 2022 51,189 29,346 1,099

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 107,689 5,502 427,621
Additions 10,592 7,603 26,558
At 30 September 2023 118,281 13,105 454,179
DEPRECIATION
At 1 October 2022 47,396 2,705 282,897
Charge for year 15,417 1,380 29,076
At 30 September 2023 62,813 4,085 311,973
NET BOOK VALUE
At 30 September 2023 55,468 9,020 142,206
At 30 September 2022 60,293 2,797 144,724

Motor Marque Limited (Registered number: 04545582)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 34,541 12,377
Other debtors 12,906 -
47,447 12,377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,003 45,000
Trade creditors 60,853 40,716
Taxation and social security 42,449 44,524
Other creditors 13,256 5,171
161,561 135,411

The Other creditors balance contains the pension fund liability of £1,417 (2022: £1,357)

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 29,997 75,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 60,000 55,000
Between one and five years 300,000 300,000
In more than five years - 60,000
360,000 415,000