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REGISTERED NUMBER: 05583016 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DRIFT ROAD MOT LIMITED

DRIFT ROAD MOT LIMITED (REGISTERED NUMBER: 05583016)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRIFT ROAD MOT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C J Hancock





REGISTERED OFFICE: 3 Church Street
Odiham
Hook
Hampshire
RG29 1LU





REGISTERED NUMBER: 05583016 (England and Wales)





ACCOUNTANTS: Goddard & Co
Chartered Accountants
3 Church Street
Odiham, Hook
Hampshire
RG29 1LU

DRIFT ROAD MOT LIMITED (REGISTERED NUMBER: 05583016)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,221 45,322

CURRENT ASSETS
Debtors 5 10,451 18,727
Cash at bank and in hand 10,388 12,901
20,839 31,628
CREDITORS
Amounts falling due within one year 6 17,288 32,818
NET CURRENT ASSETS/(LIABILITIES) 3,551 (1,190 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,772

44,132

CREDITORS
Amounts falling due after more than one year 7 - 13,359
NET ASSETS 16,772 30,773

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,672 30,673
SHAREHOLDERS' FUNDS 16,772 30,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

DRIFT ROAD MOT LIMITED (REGISTERED NUMBER: 05583016)

BALANCE SHEET - continued
31 MARCH 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 15 October 2024 and were signed by:





C J Hancock - Director


DRIFT ROAD MOT LIMITED (REGISTERED NUMBER: 05583016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Drift Road MOT 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 - 33% on reducing balance, 25% on reducing balance and 10% on reducing balance

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 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 109,812
Disposals (40,829 )
At 31 March 2024 68,983
DEPRECIATION
At 1 April 2023 64,490
Charge for year 1,479
Eliminated on disposal (10,207 )
At 31 March 2024 55,762
NET BOOK VALUE
At 31 March 2024 13,221
At 31 March 2023 45,322

DRIFT ROAD MOT LIMITED (REGISTERED NUMBER: 05583016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,539 10,294
Other debtors 7,912 8,433
10,451 18,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 5,010
Trade creditors 9,325 2,036
Taxation and social security 1,031 -
Other creditors 6,932 25,772
17,288 32,818

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 13,359