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Company Registration No. 10463103 (England and Wales)
MOTOR SELECT LTD Unaudited accounts for the year ended 30 November 2023
MOTOR SELECT LTD Unaudited accounts Contents
Page
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MOTOR SELECT LTD Company Information for the year ended 30 November 2023
Director
Mr Saif Ali Ismail
Company Number
10463103 (England and Wales)
Registered Office
Suite 8 NJK House, Haslingden Road Blackburn BB1 2EE England
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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MOTOR SELECT LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,706 
151,311 
Current assets
Debtors
81,013 
81,013 
Cash at bank and in hand
379,988 
315,062 
461,001 
396,075 
Creditors: amounts falling due within one year
(349,028)
(438,057)
Net current assets/(liabilities)
111,973 
(41,982)
Net assets
132,679 
109,329 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
132,678 
109,328 
Shareholders' funds
132,679 
109,329 
For the year ending 30 November 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 August 2024 and were signed on its behalf by
Mr Saif Ali Ismail Director Company Registration No. 10463103
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MOTOR SELECT LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
MOTOR SELECT LTD is a private company, limited by shares, registered in England and Wales, registration number 10463103. The registered office is Suite 8 NJK House, Haslingden Road, Blackburn, BB1 2EE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance method
Motor vehicles
25% reducing balance method
Computer equipment
15% reducing balance method
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MOTOR SELECT LTD Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
245,411 
Additions
145 
Disposals
(193,125)
At 30 November 2023
52,431 
Depreciation
At 1 December 2022
94,100 
Charge for the year
6,185 
On disposals
(68,560)
At 30 November 2023
31,725 
Net book value
At 30 November 2023
20,706 
At 30 November 2022
151,311 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
6
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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