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REGISTERED NUMBER: 06991334 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

The Motor House (Leeds) Limited

The Motor House (Leeds) Limited (Registered number: 06991334)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Motor House (Leeds) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: M R Smith





REGISTERED OFFICE: Bosch Car Service Centre
Clayton Wood Close
West Park
Leeds
West Yorkshire
LS16 6QE





REGISTERED NUMBER: 06991334 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

The Motor House (Leeds) Limited (Registered number: 06991334)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,758 8,599
13,758 8,599

CURRENT ASSETS
Debtors 6 53,415 41,313
Cash at bank and in hand 12,810 31,172
66,225 72,485
CREDITORS
Amounts falling due within one year 7 41,949 43,808
NET CURRENT ASSETS 24,276 28,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,034

37,276

CREDITORS
Amounts falling due after more than one
year

8

(29,466

)

(35,575

)

PROVISIONS FOR LIABILITIES 10 - (441 )
NET ASSETS 8,568 1,260

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 8,567 1,259
SHAREHOLDERS' FUNDS 8,568 1,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

The Motor House (Leeds) Limited (Registered number: 06991334)

Balance Sheet - continued
31 August 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 20 August 2024 and were signed by:





M R Smith - Director


The Motor House (Leeds) Limited (Registered number: 06991334)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

The Motor House (Leeds) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

The Motor House (Leeds) Limited (Registered number: 06991334)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 6 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 13,600
AMORTISATION
At 1 September 2022
and 31 August 2023 13,600
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 6,100 24,704 18,400 49,204
Additions - 10,234 - 10,234
At 31 August 2023 6,100 34,938 18,400 59,438
DEPRECIATION
At 1 September 2022 5,094 19,111 16,400 40,605
Charge for year 575 3,750 750 5,075
At 31 August 2023 5,669 22,861 17,150 45,680
NET BOOK VALUE
At 31 August 2023 431 12,077 1,250 13,758
At 31 August 2022 1,006 5,593 2,000 8,599

The Motor House (Leeds) Limited (Registered number: 06991334)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 September 2022
and 31 August 2023 2,300
DEPRECIATION
At 1 September 2022
and 31 August 2023 1,294
NET BOOK VALUE
At 31 August 2023 1,006
At 31 August 2022 1,006

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 51,833 39,126
Sundry debtors and prepayments 1,582 2,187
53,415 41,313

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,695 22,795
Hire purchase contracts 3,783 1,007
Trade creditors 1,312 1,204
Tax 12,840 8,110
Social security and other taxes 10,007 8,198
Sundry creditors and accruals 1,813 1,813
Directors' current accounts 499 681
41,949 43,808

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan 29,466 35,575

Included in bank loans is a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. It carries an interest rate of 2.5% per annum and is repayable in accordance with the rules of
the scheme.

The Motor House (Leeds) Limited (Registered number: 06991334)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 3,783 1,007

The hire purchase liability is secured against the asset to which it relates.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 441

Deferred
tax
£   
Balance at 1 September 2022 441
Credit to the income statement (441 )
Balance at 31 August 2023 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1.00 1 1

12. RESERVES
Retained
earnings
£   

At 1 September 2022 1,259
Profit for the year 30,808
Dividends (23,500 )
At 31 August 2023 8,567

13. RELATED PARTY DISCLOSURES

During the year the company paid dividends of £23,500 (2022: £25,000) to it's directors.

14. ULTIMATE CONTROLLING PARTY

The controlling party is M R Smith.