Company registration number 07118444 (England and Wales)
TEWKESBURY MOT CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
TEWKESBURY MOT CENTRE LIMITED
CONTENTS
Page
Statement of financial position
3 - 4
Notes to the financial statements
5 - 7
TEWKESBURY MOT CENTRE LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED FINANCIAL STATEMENTS OF TEWKESBURY MOT CENTRE LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tewkesbury MOT Centre Limited for the year ended 31 January 2024 which comprise the statement of income and retained earnings, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Tewkesbury MOT Centre Limited, as a body, in accordance with the terms of our engagement letter dated 22 February 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Tewkesbury MOT Centre Limited and state those matters that we have agreed to state to the board of directors of Tewkesbury MOT Centre Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tewkesbury MOT Centre Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Tewkesbury MOT Centre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tewkesbury MOT Centre Limited. You consider that Tewkesbury MOT Centre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tewkesbury MOT Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BK Plus Limited
29 October 2024
Chartered Certified Accountants
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX
TEWKESBURY MOT CENTRE LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
2024
2023
£
£
Gross profit
99,039
95,189
Administrative expenses
(92,609)
(53,169)
Operating profit
6,430
42,020
Interest payable and similar expenses
(3,884)
(1,775)
Profit before taxation
2,546
40,245
Tax on profit
(3,166)
(6,828)
(Loss)/profit for the financial year
(620)
33,417
Retained earnings brought forward
55,091
38,174
Dividends
(15,500)
(16,500)
Retained earnings carried forward
38,971
55,091

The income statement has been prepared on the basis that all operations are continuing operations.

TEWKESBURY MOT CENTRE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 JANUARY 2024
31 January 2024
- 3 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
67,010
81,124
Current assets
Cash at bank and in hand
83,051
89,345
Creditors: amounts falling due within one year
(68,945)
(70,304)
Net current assets
14,106
19,041
Total assets less current liabilities
81,116
100,165
Creditors: amounts falling due after more than one year
(42,045)
(44,974)
Net assets
39,071
55,191
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
38,971
55,091
Total equity
39,071
55,191

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

TEWKESBURY MOT CENTRE LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 JANUARY 2024
31 January 2024
- 4 -
The financial statements were approved and signed by the director and authorised for issue on 29 October 2024
Mr R D Watts
Director
Company registration number 07118444 (England and Wales)
TEWKESBURY MOT CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 5 -
1
Accounting policies
Company information

Tewkesbury MOT Centre Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit B2, Northway Trading Estate, Tewkesbury, Gloucestershire, United Kingdom, GL20 8JH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales sales.

 

Revenue is recognised at the earlier of invoicing or receipt of money.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% Reducing balance
Fixtures and fittings
20% Reducing balance
Computers
20% Reducing balance
Motor vehicles
20% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

TEWKESBURY MOT CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 6 -
1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Total
£
Cost
At 1 February 2023
178,411
Additions
5,040
At 31 January 2024
183,451
Depreciation and impairment
At 1 February 2023
97,287
Depreciation charged in the year
19,154
At 31 January 2024
116,441
Carrying amount
At 31 January 2024
67,010
At 31 January 2023
81,124
4
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
2,929
2,929
In two to five years
22,045
24,974
24,974
27,903
TEWKESBURY MOT CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 7 -
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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