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REGISTERED NUMBER: 04711197 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Motocolor (Southampton) Limited

Motocolor (Southampton) Limited (Registered number: 04711197)






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


Motocolor (Southampton) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T Touzel
D Touzel
S Touzel





SECRETARY: S Touzel





REGISTERED OFFICE: Unit L
West Quay Road
Southampton
Hampshire
SO15 1GZ





REGISTERED NUMBER: 04711197 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Motocolor (Southampton) Limited (Registered number: 04711197)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,682 55,112

CURRENT ASSETS
Stocks 5 43,115 42,900
Debtors 6 186,681 298,301
Cash at bank and in hand 251,054 237,498
480,850 578,699
CREDITORS
Amounts falling due within one year 7 221,409 299,265
NET CURRENT ASSETS 259,441 279,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,123

334,546

CREDITORS
Amounts falling due after more than one
year

8

(15,049

)

(24,800

)

PROVISIONS FOR LIABILITIES (3,261 ) (5,000 )
NET ASSETS 289,813 304,746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 289,713 304,646
SHAREHOLDERS' FUNDS 289,813 304,746

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.

Motocolor (Southampton) Limited (Registered number: 04711197)

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 24 September 2024 and were signed on its behalf by:




T Touzel - Director D Touzel - Director




S Touzel - Director


Motocolor (Southampton) Limited (Registered number: 04711197)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Motocolor (Southampton) 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 - 20% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% 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.

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.

Motocolor (Southampton) Limited (Registered number: 04711197)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 15,692 187,858 67,337 270,887
Additions 2,076 3,833 - 5,909
Disposals - (130 ) - (130 )
At 31 March 2024 17,768 191,561 67,337 276,666
DEPRECIATION
At 1 April 2023 15,654 144,021 56,100 215,775
Charge for year 68 10,255 1,950 12,273
Eliminated on disposal - (64 ) - (64 )
At 31 March 2024 15,722 154,212 58,050 227,984
NET BOOK VALUE
At 31 March 2024 2,046 37,349 9,287 48,682
At 31 March 2023 38 43,837 11,237 55,112

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 43,115 42,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 122,661 223,659
Amounts recoverable on contract 40,879 54,202
Prepayments 23,141 20,440
186,681 298,301

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,785 11,033
Trade creditors 85,802 125,553
Tax 2,500 16,835
Social security and other taxes 8,771 8,897
VAT 25,280 33,272
Other creditors 6,847 6,914
Directors' current accounts 74,318 90,587
Accrued expenses 7,106 6,174
221,409 299,265

Motocolor (Southampton) Limited (Registered number: 04711197)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 15,049 24,800

9. RELATED PARTY DISCLOSURES

During the year rent was paid to T Touzel amounting to £33,500 (2023 £29,000). This transaction took place at arms length.

During the year in question the directors received the following dividends T Touzel £nil (2023 £10,000) S Preston £10,000 (2023 £10,000), D Touzel £10,000 (2023 £10,000).

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by T Touzel, the director and shareholder, by virtue of their 52% holding in their interest in the issued share capital.