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REGISTERED NUMBER: 08679578 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hilsea MOT.com Limited

Hilsea MOT.com Limited (Registered number: 08679578)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Hilsea MOT.com Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs K Hanley
S Hanley





REGISTERED OFFICE: Unit 22 Gunners Building
Limberline Road
Portsmouth
Hampshire
PO3 5BJ





REGISTERED NUMBER: 08679578 (England and Wales)





ACCOUNTANTS: Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ

Hilsea MOT.com Limited (Registered number: 08679578)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,455 25,263

CURRENT ASSETS
Stocks 2,750 4,650
Debtors 5 18,935 25,484
Cash at bank and in hand 74,589 52,496
96,274 82,630
CREDITORS
Amounts falling due within one year 6 73,725 73,029
NET CURRENT ASSETS 22,549 9,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,004

34,864

CREDITORS
Amounts falling due after more than
one year

7

37,503

42,503
NET ASSETS/(LIABILITIES) 7,501 (7,639 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 7,499 (7,641 )
SHAREHOLDERS' FUNDS 7,501 (7,639 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Hilsea MOT.com Limited (Registered number: 08679578)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





S Hanley - Director


Hilsea MOT.com Limited (Registered number: 08679578)

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

1. STATUTORY INFORMATION

Hilsea MOT.com 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.
Short leasehold - 10% on cost
Plant and equipment - 20% on reducing balance
Fixtures & office equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

Hilsea MOT.com Limited (Registered number: 08679578)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and & office Motor
leasehold equipment equipment vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 4,000 61,574 16,029 5,417 87,020
Additions - 440 2,764 - 3,204
At 31 December 2023 4,000 62,014 18,793 5,417 90,224
DEPRECIATION
At 1 January 2023 3,600 44,989 8,477 4,691 61,757
Charge for year 399 3,405 2,063 145 6,012
At 31 December 2023 3,999 48,394 10,540 4,836 67,769
NET BOOK VALUE
At 31 December 2023 1 13,620 8,253 581 22,455
At 31 December 2022 400 16,585 7,552 726 25,263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 17,935 24,484
Other debtors 1,000 1,000
18,935 25,484

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 57,793 60,858
Taxation and social security 4,195 2,523
Other creditors 11,737 9,648
73,725 73,029

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 37,503 42,503

Hilsea MOT.com Limited (Registered number: 08679578)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 37,503 42,503

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (7,641 )
Profit for the year 17,140
Dividends (2,000 )
At 31 December 2023 7,499

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Hanley.

Hilsea MOT.com Limited

Report of the Accountants to the Directors of
Hilsea MOT.com Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ


5 September 2024