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Registered number: 08830543

MB MOTORS RUGELEY LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
PJK Accounting Ltd
Accountancy
26
Ferry Farm drive
Stafford
Staffordshire
ST17 4je

MB MOTORS RUGELEY LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
M Ballard
REGISTERED OFFICE
Unit 3 Bellamour Business Park
Wolseley Bridge
STAFFORD
STAFFORDSHIRE
ST17 0XJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08830543
ACCOUNTANTS
PJK Accounting Ltd
Accountancy
26
Ferry Farm drive
Stafford
Staffordshire
ST17 4je

MB MOTORS RUGELEY LIMITED

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

MB MOTORS RUGELEY LIMITED

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets314,85613,640
CURRENT ASSETS
Stock149,906120,000
Debtors538,104750
Cash at bank and in hand145,98098,955
333,990219,705
CREDITORS: Amounts falling due within one year6247,530155,278
NET CURRENT ASSETS86,46064,427
TOTAL ASSETS LESS CURRENT LIABILITIES101,31678,067
CREDITORS: Amounts falling due after more than one year725,00025,000
PROVISIONS FOR LIABILITIES AND CHARGES82,8232,592
NET ASSETS73,49350,475
CAPITAL AND RESERVES
Called up share capital95,0005,000
Profit and loss account68,49345,475
SHAREHOLDERS' FUNDS73,49350,475
For the year ending 31/12/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/09/2024 and signed on their behalf by
.............................
M Ballard
Director

MB MOTORS RUGELEY LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees43

MB MOTORS RUGELEY LIMITED

3. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsEquipmentTotal
££££
Cost
At 01/01/20231,45013,04216,10030,592
Additions-2,5952,2504,845
At 31/12/20231,45015,63718,35035,437
Depreciation
At 01/01/20231,1925,71710,04216,951
For the year651,4882,0773,630
At 31/12/20231,2577,20512,11920,581
Net Book Amounts
At 31/12/20231938,4326,23114,856
At 31/12/20222587,3256,05813,641
4. STOCK 20232022
££
Stock comprises:
Stock149,906120,000
149,906120,000
5. DEBTORS 20232022
££
Amounts falling due within one year
PAYE control418-
Other debtors750750
Prepayments36,936-
38,104750

MB MOTORS RUGELEY LIMITED

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax15,37116,197
VAT13,8553,186
PAYE control-338
Salaries and wages control4,456-
Directors current account102,32261,720
Credit card29,90835,667
Trade creditors70,95338,170
Other creditors10,495-
Accruals170-
247,530155,278
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr25,00025,000
25,00025,000
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation2,8232,592
2,8232,592
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
5000 Ordinary shares of £1 each50005000
5,0005,000