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REGISTERED NUMBER: 08783469 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Motorzone Kettering Limited

Motorzone Kettering Limited (Registered number: 08783469)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Motorzone Kettering Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: P Pedro





REGISTERED OFFICE: Unit 4
Trevithick Road
Willlowbrook East Industrial Estate
Corby
Northamptonshire
NN17 5XY





REGISTERED NUMBER: 08783469 (England and Wales)





ACCOUNTANTS: Kempton Accountancy Services Limited
31 Lake Drive
Weldon
Northamptonshire
NN17 3FE

Motorzone Kettering Limited (Registered number: 08783469)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 513 642

CURRENT ASSETS
Stocks 612,994 564,203
Cash at bank and in hand 25,723 15,536
638,717 579,739
CREDITORS
Amounts falling due within one year 5 548,140 452,362
NET CURRENT ASSETS 90,577 127,377
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,090

128,019

CREDITORS
Amounts falling due after more than one year 6 22,626 33,386
NET ASSETS 68,464 94,633

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,364 94,533
SHAREHOLDERS' FUNDS 68,464 94,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Motorzone Kettering Limited (Registered number: 08783469)

Balance Sheet - continued
30 November 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 director and authorised for issue on 14 October 2024 and were signed by:





P Pedro - Director


Motorzone Kettering Limited (Registered number: 08783469)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Motorzone Kettering 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.
Plant and machinery etc - 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.

The total closing stock figure is made up as follows;

£113,381 being the stock value which Motorzone Kettering Limited have full ownership and title rights.

£93,977 being the stock funding and stock value owed to Blue Motor Finance Ltd on a no sale or return basis (revolving credit).

£61,550 being the stock funding and stock value owed to NextGear Capital on a no sale or return basis (revolving credit).

£344,086 being the stock funding and stock value owed to Arkle Finance on a no sale or return basis (revolving credit).

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.


Motorzone Kettering Limited (Registered number: 08783469)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 642
DEPRECIATION
Charge for year 129
At 30 November 2023 129
NET BOOK VALUE
At 30 November 2023 513
At 30 November 2022 642

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors - 12,799
Taxation and social security 43,801 54,552
Other creditors 504,339 385,011
548,140 452,362

Included within other creditors are amounts owed to Stocking Loan Facility companies as follows;
NextGear Capital £61,550
Blue Motor Finance Ltd £93,977
Arkle Finance £344,086

Motorzone Kettering Limited (Registered number: 08783469)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 22,626 33,386

Motorzone Kettering Limited

Report of the Accountants to the Director of
Motorzone Kettering Limited

The following reproduces the text of the report prepared for the director 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 Director 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 30 November 2023 set out on page nil 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.






Kempton Accountancy Services Limited
31 Lake Drive
Weldon
Northamptonshire
NN17 3FE


14 October 2024