1 December 2022 false No description of principal activity Taxfiler 2024.5 SC614254business:PrivateLimitedCompanyLtd2022-12-012023-11-30 SC6142542022-11-30 SC6142542022-12-012023-11-30 SC614254business:AuditExemptWithAccountantsReport2022-12-012023-11-30 SC614254business:FilletedAccounts2022-12-012023-11-30 SC6142542023-11-30 SC614254business:Director12022-12-012023-11-30 SC614254business:Director22022-12-012023-11-30 SC614254business:RegisteredOffice2022-12-012023-11-30 SC6142542022-11-30 SC614254core:WithinOneYear2023-11-30 SC614254core:WithinOneYear2022-11-30 SC614254core:AfterOneYear2023-11-30 SC614254core:AfterOneYear2022-11-30 SC614254core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 SC614254core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 SC614254core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 SC614254core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 SC614254core:PreviouslyStatedAmount2023-11-30 SC614254core:PreviouslyStatedAmount2022-11-30 SC614254business:SmallEntities2022-12-012023-11-30 SC614254countries:Scotland2022-12-012023-11-30 SC614254core:LandBuildings2022-12-012023-11-30 SC614254core:PlantMachinery2022-12-012023-11-30 SC614254core:MotorVehicles2022-12-012023-11-30 SC614254core:ComputerEquipment2022-12-012023-11-30 SC614254core:LandBuildings2022-11-30 SC614254core:PlantMachinery2022-11-30 SC614254core:MotorVehicles2022-11-30 SC614254core:FurnitureFittings2022-11-30 SC614254core:FurnitureFittings2022-12-012023-11-30 SC614254core:LandBuildings2023-11-30 SC614254core:PlantMachinery2023-11-30 SC614254core:MotorVehicles2023-11-30 SC614254core:FurnitureFittings2023-11-30 SC614254core:PlantMachinerycore:LeasedAssetsHeldAsLessee2023-11-30 SC614254core:PlantMachinerycore:LeasedAssetsHeldAsLessee2022-11-30 SC614254core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-11-30 SC614254core:MotorVehiclescore:LeasedAssetsHeldAsLessee2022-11-30 SC614254core:BetweenOneFiveYears2023-11-30 SC614254core:BetweenOneFiveYears2022-11-30 SC6142542021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. SC614254 (Scotland)
2.8 Motor Repairs Limited Unaudited accounts for the year ended 30 November 2023
2.8 Motor Repairs Limited Unaudited accounts Contents
Page
- 2 -
2.8 Motor Repairs Limited Company Information for the year ended 30 November 2023
Directors
James Simpson Madeline Simpson
Company Number
SC614254 (Scotland)
Registered Office
C/O CMM Accountancy Beechwood Business Park North Inverness IV2 3BL
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
- 3 -
2.8 Motor Repairs Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
76,051 
34,234 
Current assets
Inventories
8,000 
8,000 
Debtors
13,584 
10,208 
Cash at bank and in hand
49,977 
38,168 
71,561 
56,376 
Creditors: amounts falling due within one year
(71,270)
(47,844)
Net current assets
291 
8,532 
Total assets less current liabilities
76,342 
42,766 
Creditors: amounts falling due after more than one year
(28,875)
(12,400)
Provisions for liabilities
Deferred tax
(15,158)
(5,452)
Net assets
32,309 
24,914 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
32,209 
24,814 
Shareholders' funds
32,309 
24,914 
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 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 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 of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by
James Simpson Director Company Registration No. SC614254
- 4 -
2.8 Motor Repairs Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
2.8 Motor Repairs Limited is a private company, limited by shares, registered in Scotland, registration number SC614254. The registered office is C/O CMM Accountancy, Beechwood Business Park North, Inverness, IV2 3BL.
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:
Land & buildings
Over the life of the lease - 5 years
Plant & machinery
15% - straight line
Motor vehicles
20% - reducing balance
Computer equipment
20% - straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
2.8 Motor Repairs Limited Notes to the Accounts for the year ended 30 November 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
20,604 
21,441 
10,488 
5,880 
58,413 
Additions
1,520 
52,723 
7,020 
183 
61,446 
Disposals
- 
(1,300)
(4,533)
- 
(5,833)
At 30 November 2023
22,124 
72,864 
12,975 
6,063 
114,026 
Depreciation
At 1 December 2022
11,378 
7,092 
3,906 
1,803 
24,179 
Charge for the year
4,227 
9,354 
1,436 
1,210 
16,227 
On disposals
- 
(406)
(2,025)
- 
(2,431)
At 30 November 2023
15,605 
16,040 
3,317 
3,013 
37,975 
Net book value
At 30 November 2023
6,519 
56,824 
9,658 
3,050 
76,051 
At 30 November 2022
9,226 
14,349 
6,582 
4,077 
34,234 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
34,006 
- 
- Motor vehicles
6,786 
2,855 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,088 
9,690 
Accrued income and prepayments
1,496 
468 
Other debtors
- 
50 
13,584 
10,208 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,800 
4,800 
Obligations under finance leases and hire purchase contracts
8,196 
378 
Trade creditors
19,041 
11,692 
Taxes and social security
23,453 
26,547 
Other creditors
204 
275 
Loans from directors
14,937 
3,600 
Accruals
639 
552 
71,270 
47,844 
- 6 -
2.8 Motor Repairs Limited Notes to the Accounts for the year ended 30 November 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,600 
12,400 
Obligations under finance leases and hire purchase contracts
21,275 
- 
28,875 
12,400 
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 November 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
18,750 
33,750 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 7 -