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REGISTERED NUMBER: 07822503 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MOTORFIRST LIMITED

MOTORFIRST LIMITED (REGISTERED NUMBER: 07822503)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOTORFIRST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mrs D K Egerton





REGISTERED OFFICE: Mount Pleasant Farm
Moss Lane
Mobberley
Cheshire
WA16 7BS





REGISTERED NUMBER: 07822503 (England and Wales)





ACCOUNTANTS: Anthony Wych & Co
26 Berrycroft Lane
Romiley
Stockport
Cheshire
SK6 3AU

MOTORFIRST LIMITED (REGISTERED NUMBER: 07822503)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,990 45,870

CURRENT ASSETS
Stocks 356,972 429,605
Debtors 5 776,923 624,516
Cash at bank 170,620 165,082
1,304,515 1,219,203
CREDITORS
Amounts falling due within one year 6 453,594 506,859
NET CURRENT ASSETS 850,921 712,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

889,911

758,214

CREDITORS
Amounts falling due after more than one
year

7

141,989

201,989
NET ASSETS 747,922 556,225

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 747,921 556,224
SHAREHOLDERS' FUNDS 747,922 556,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

MOTORFIRST LIMITED (REGISTERED NUMBER: 07822503)

BALANCE SHEET - continued
30 NOVEMBER 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 30 August 2024 and were signed by:





Mrs D K Egerton - Director


MOTORFIRST LIMITED (REGISTERED NUMBER: 07822503)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Motorfirst 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 December 2022
and 30 November 2023 59,432
DEPRECIATION
At 1 December 2022 13,562
Charge for year 6,880
At 30 November 2023 20,442
NET BOOK VALUE
At 30 November 2023 38,990
At 30 November 2022 45,870

MOTORFIRST LIMITED (REGISTERED NUMBER: 07822503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 387,502 265,721
Other debtors 350,000 350,000
VAT 39,421 8,795
776,923 624,516

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 252,317 231,766
Corporation tax 59,352 2,368
Accruals and deferred income 141,925 272,725
453,594 506,859

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Directors' loan accounts 141,989 201,989