Company Registration No. 13286478 (England and Wales)
MOTCOMBS (DOVER STREET) LIMITED
Unaudited accounts
for the year ended 31 December 2023
MOTCOMBS (DOVER STREET) LIMITED
Unaudited accounts
Contents
MOTCOMBS (DOVER STREET) LIMITED
Company Information
for the year ended 31 December 2023
Directors
Arian Zandi
Livio Bettoschi
Alberto Zandi
Company Number
13286478 (England and Wales)
Registered Office
A AND L, SUITE 1-3 HOP EXCHANGE
24 SOUTHWARK STREET
LONDON
SE1 1TY
ENGLAND
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
MOTCOMBS (DOVER STREET) LIMITED
Accountants' report
Accountants' report to the board of directors of MOTCOMBS (DOVER STREET) LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
MOTCOMBS (DOVER STREET) LIMITED for the year ended
31 December 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MOTCOMBS (DOVER STREET) LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MOTCOMBS (DOVER STREET) LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MOTCOMBS (DOVER STREET) LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MOTCOMBS (DOVER STREET) LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of MOTCOMBS (DOVER STREET) LIMITED. You consider that MOTCOMBS (DOVER STREET) LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MOTCOMBS (DOVER STREET) LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
24 March 2024
MOTCOMBS (DOVER STREET) LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
923,559
950,818
Inventories
184,327
72,531
Cash at bank and in hand
122,168
35,745
Creditors: amounts falling due within one year
(310,467)
(198,927)
Net current assets
350,300
277,257
Total assets less current liabilities
1,273,859
1,228,075
Creditors: amounts falling due after more than one year
(1,263,021)
(985,653)
Called up share capital
1,000
1,000
Profit and loss account
9,838
241,422
Shareholders' funds
10,838
242,422
For the year ending 31 December 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 17 May 2024 and were signed on its behalf by
Arian Zandi
Director
Company Registration No. 13286478
MOTCOMBS (DOVER STREET) LIMITED
Notes to the Accounts
for the year ended 31 December 2023
MOTCOMBS (DOVER STREET) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13286478. The registered office is A AND L, SUITE 1-3 HOP EXCHANGE, 24 SOUTHWARK STREET, LONDON, SE1 1TY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures and Fittings contain Furniture depreciated over 15 years straight line method, Imagery Decoration 10% straight line method and Leasehold improvements 20 years straight line method
Plant & machinery
Straight line, 20 years
Fixtures & fittings
Straight line 10%, 15 and 20 years
Computer equipment
Straight line, 20%
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
MOTCOMBS (DOVER STREET) LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
75,995
173,233
761,144
8,510
1,018,882
Additions
-
16,780
5,704
-
22,484
At 31 December 2023
75,995
190,013
766,848
8,510
1,041,366
At 1 January 2023
-
11,484
55,401
1,179
68,064
Charge for the year
-
9,135
38,907
1,701
49,743
At 31 December 2023
-
20,619
94,308
2,880
117,807
At 31 December 2023
75,995
169,394
672,540
5,630
923,559
At 31 December 2022
75,995
161,749
705,743
7,331
950,818
Finished goods
184,327
72,531
Amounts falling due within one year
Accrued income and prepayments
95,288
85,000
Other debtors
31,668
55,997
Amounts falling due after more than one year
Other debtors
226,800
226,800
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
48,798
57,209
Trade creditors
114,000
4,887
Taxes and social security
25,755
31,222
Other creditors
16,762
49,328
MOTCOMBS (DOVER STREET) LIMITED
Notes to the Accounts
for the year ended 31 December 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,833
101,274
Amounts owed to group undertakings and other participating interests
74,888
-
Other creditors
1,095,195
884,379
Emerald Hospitality Group Ltd of 33 Upper Maisonette Kensington High Street, London, W8 5EA is the ultimate controlling party by virtue of 78% shareholding in Eatmas Ltd.
10
Average number of employees
During the year the average number of employees was 22 (2022: 36).