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Registered number: 12260811
Mot Skills UK Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Cooper Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12260811
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 765 765
Tangible Assets 5 15,416 14,361
16,181 15,126
CURRENT ASSETS
Debtors 6 67,836 35,259
Cash at bank and in hand 662 764
68,498 36,023
Creditors: Amounts Falling Due Within One Year 7 (278,837 ) (162,295 )
NET CURRENT ASSETS (LIABILITIES) (210,339 ) (126,272 )
TOTAL ASSETS LESS CURRENT LIABILITIES (194,158 ) (111,146 )
NET LIABILITIES (194,158 ) (111,146 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (194,258 ) (111,246 )
SHAREHOLDERS' FUNDS (194,158) (111,146)
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For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mrs Donna Chapman
Director
26/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mot Skills UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12260811 . The registered office is Cumberland House, 24 - 28 Baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 .... 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:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2022: 8)
11 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 850
As at 31 October 2023 850
Amortisation
As at 1 November 2022 85
As at 31 October 2023 85
Net Book Value
As at 31 October 2023 765
As at 1 November 2022 765
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 14,263 2,139 60 7,370 23,832
Additions 3,856 - 141 913 4,910
As at 31 October 2023 18,119 2,139 201 8,283 28,742
Depreciation
As at 1 November 2022 6,149 866 26 2,430 9,471
Provided during the period 2,394 255 35 1,171 3,855
As at 31 October 2023 8,543 1,121 61 3,601 13,326
Net Book Value
As at 31 October 2023 9,576 1,018 140 4,682 15,416
As at 1 November 2022 8,114 1,273 34 4,940 14,361
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 32,242 33,039
Other debtors 35,594 2,220
67,836 35,259
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 35,884 49,426
Bank loans and overdrafts 13,913 20,424
Other creditors 18,086 35,413
Taxation and social security 210,954 57,032
278,837 162,295
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mrs Donna Chapman 2,220 33,374 - - 35,594
The above loan is unsecured, interest free and repayable on demand.
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