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REGISTERED NUMBER: 07491097 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Holmes Street M.O.T Centre Ltd

Holmes Street M.O.T Centre Ltd (Registered number: 07491097)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Holmes Street M.O.T Centre Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: C G Moore





SECRETARY: PHA Secretarial Services Ltd





REGISTERED OFFICE: Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF





REGISTERED NUMBER: 07491097 (England and Wales)





ACCOUNTANTS: Brian Gumbley Accountancy Services Ltd
Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF

Holmes Street M.O.T Centre Ltd (Registered number: 07491097)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,189 1,792
11,189 1,792

CURRENT ASSETS
Stocks 5,525 5,150
Debtors 6 5,720 295
Cash at bank 27,638 40,056
38,883 45,501
CREDITORS
Amounts falling due within one year 7 40,985 38,886
NET CURRENT (LIABILITIES)/ASSETS (2,102 ) 6,615
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,087

8,407

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 8,887 8,207
SHAREHOLDERS' FUNDS 9,087 8,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Holmes Street M.O.T Centre Ltd (Registered number: 07491097)

Balance Sheet - continued
30 June 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 director and authorised for issue on 24 October 2024 and were signed by:





C G Moore - Director


Holmes Street M.O.T Centre Ltd (Registered number: 07491097)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Holmes Street M.O.T Centre Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

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 and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Holmes Street M.O.T Centre Ltd (Registered number: 07491097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,500
AMORTISATION
At 1 July 2023
and 30 June 2024 10,500
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Holmes Street M.O.T Centre Ltd (Registered number: 07491097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 20,900 1,750 6,150 4,283 33,083
Additions 13,180 - - - 13,180
At 30 June 2024 34,080 1,750 6,150 4,283 46,263
DEPRECIATION
At 1 July 2023 19,726 1,667 5,827 4,071 31,291
Charge for year 3,588 20 81 94 3,783
At 30 June 2024 23,314 1,687 5,908 4,165 35,074
NET BOOK VALUE
At 30 June 2024 10,766 63 242 118 11,189
At 30 June 2023 1,174 83 323 212 1,792

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.24 30.6.23
£    £   
Tax 1,633 -
VAT 4,087 295
5,720 295

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 19,339 29,101
Trade creditors 15,816 -
Tax - 1,633
Social security and other taxes 110 120
Directors' current accounts 845 783
Accrued expenses 4,875 7,249
40,985 38,886

Holmes Street M.O.T Centre Ltd (Registered number: 07491097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C G Moore.