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REGISTERED NUMBER: 09039104 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MURTS MOTOR CENTRE LIMITED

MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MURTS MOTOR CENTRE LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: S Murty
D R Murray
Mrs M L Murty
C J T Murty
M S Murty





REGISTERED OFFICE: The Motor Centre
Sandbed
Hebden Bridge
West Yorkshire
HX7 6PT





REGISTERED NUMBER: 09039104 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 858 6,008
Tangible assets 5 7,189 9,416
8,047 15,424

CURRENT ASSETS
Stocks 14,675 13,975
Debtors 6 9,879 7,502
Cash at bank and in hand 43,720 66,750
68,274 88,227
CREDITORS
Amounts falling due within one year 7 62,235 68,387
NET CURRENT ASSETS 6,039 19,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,086

35,264

CREDITORS
Amounts falling due after more than
one year

8

(10,800

)

(10,800

)

PROVISIONS FOR LIABILITIES 9 (1,366 ) (1,789 )
NET ASSETS 1,920 22,675

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 1,720 22,475
SHAREHOLDERS' FUNDS 1,920 22,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)

BALANCE SHEET - continued
31 March 2024


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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





D R Murray - Director


MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Murts Motor Centre 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - over 10 years
Fixtures and fittings - over 10 years
Motor vehicles - over 5 years
Computer equipment - over 4 years

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

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.

MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 51,500
AMORTISATION
At 1 April 2023 45,492
Amortisation for year 5,150
At 31 March 2024 50,642
NET BOOK VALUE
At 31 March 2024 858
At 31 March 2023 6,008

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 13,303 2,440 9,060 5,664 30,467
Disposals - - (9,000 ) - (9,000 )
At 31 March 2024 13,303 2,440 60 5,664 21,467
DEPRECIATION
At 1 April 2023 7,887 320 9,057 3,787 21,051
Charge for year 1,330 244 - 652 2,226
Eliminated on disposal - - (8,999 ) - (8,999 )
At 31 March 2024 9,217 564 58 4,439 14,278
NET BOOK VALUE
At 31 March 2024 4,086 1,876 2 1,225 7,189
At 31 March 2023 5,416 2,120 3 1,877 9,416

MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,523 4,666
Other debtors 426 -
Prepayments and accrued income 2,930 2,836
9,879 7,502

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,553 39,380
Tax 2,181 3,718
Social security and other taxes 3,964 3,172
VAT 14,074 12,117
Directors' current accounts 9,713 6,160
Accrued expenses 3,750 3,840
62,235 68,387

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan accounts 10,800 10,800

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,366 1,789

Deferred
tax
£   
Balance at 1 April 2023 1,789
Credit to Income Statement during year (423 )
Balance at 31 March 2024 1,366

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary A £1 51 51
51 Ordinary B £1 51 51
49 Ordinary C £1 49 49
49 Ordinary D £1 49 49
200 200

MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

11. RESERVES
Retained
earnings
£   

At 1 April 2023 22,475
Profit for the year 4,099
Dividends (24,854 )
At 31 March 2024 1,720