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REGISTERED NUMBER: 05214471















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Coalville MOT Centre Ltd

Coalville MOT Centre Ltd (Registered number: 05214471)

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


Coalville MOT Centre Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G Winter
P Morley
Miss K Morley
Gary Winter





SECRETARY:





REGISTERED OFFICE: Temple Chambers
16A Belvoir Road
Coalville
Leics
LE67 3QE





REGISTERED NUMBER: 05214471





ACCOUNTANTS: Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE

Coalville MOT Centre Ltd (Registered number: 05214471)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 168,308 173,304
168,308 173,304

CURRENT ASSETS
Stocks 7,545 2,545
Debtors 6 17,030 3,030
Cash at bank and in hand 105,176 80,772
129,751 86,347
CREDITORS
Amounts falling due within one year 7 29,521 23,629
NET CURRENT ASSETS 100,230 62,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,538

236,022

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 268,338 235,822
SHAREHOLDERS' FUNDS 268,538 236,022

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.

Coalville MOT Centre Ltd (Registered number: 05214471)

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 17 September 2024 and were signed on its behalf by:





G Winter - Director


Coalville MOT Centre Ltd (Registered number: 05214471)

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


1. STATUTORY INFORMATION

Coalville MOT Centre Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill amortised at 20% per year.

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 & machinery etc 15% reducing balance method

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.


Coalville MOT Centre Ltd (Registered number: 05214471)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023
and 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Coalville MOT Centre Ltd (Registered number: 05214471)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 140,000 79,098 219,098
DEPRECIATION
At 1 January 2023 - 45,794 45,794
Charge for year - 4,996 4,996
At 31 December 2023 - 50,790 50,790
NET BOOK VALUE
At 31 December 2023 140,000 28,308 168,308
At 31 December 2022 140,000 33,304 173,304

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,530 1,485
Other debtors 11,500 1,545
17,030 3,030

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,042 4,732
Taxation and social security 16,846 15,024
Other creditors 4,633 3,873
29,521 23,629