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Registered number: 14534740
Mulbarton M.O.T & Repair Centre Limited
Unaudited Financial Statements
For the Period 12 December 2022 to 31 March 2024
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14534740
31 March 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 60,000
Tangible Assets 5 28,013
88,013
CURRENT ASSETS
Stocks 6 3,557
Debtors 7 4,581
Cash at bank and in hand 61,717
69,855
Creditors: Amounts Falling Due Within One Year 8 (64,965 )
NET CURRENT ASSETS (LIABILITIES) 4,890
TOTAL ASSETS LESS CURRENT LIABILITIES 92,903
Creditors: Amounts Falling Due After More Than One Year 9 (91,213 )
NET ASSETS 1,690
CAPITAL AND RESERVES
Called up share capital 10 100
Profit and Loss Account 1,590
SHAREHOLDERS' FUNDS 1,690
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For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ben Wilcock
Director
Mr David Wilcock
Director
15th November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mulbarton M.O.T & Repair Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14534740 . The registered office is 2 Station Road, Brundall, NR13 5LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. All income is derived from activities within the UK.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill was puchased in the year. Goodwill is amortised on a straight line basis over a period of 10 years, commencing the year following acquisition.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 5
5
4. Intangible Assets
Goodwill
£
Cost
As at 12 December 2022 -
Additions 60,000
As at 31 March 2024 60,000
Net Book Value
As at 31 March 2024 60,000
As at 12 December 2022 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 12 December 2022 - - -
Additions 32,856 2,160 35,016
As at 31 March 2024 32,856 2,160 35,016
Depreciation
As at 12 December 2022 - - -
Provided during the period 6,571 432 7,003
As at 31 March 2024 6,571 432 7,003
Net Book Value
As at 31 March 2024 26,285 1,728 28,013
As at 12 December 2022 - - -
6. Stocks
31 March 2024
£
Stock 3,037
Work in progress 520
3,557
7. Debtors
31 March 2024
£
Due within one year
Trade debtors 1,991
Other debtors 2,590
4,581
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8. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Trade creditors 28,214
Bank loans and overdrafts 1,111
Taxation and social security 35,640
64,965
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Other creditors 91,213
10. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
31 March 2024
£
Mr Ben Wilcock 18,000
Mr David Wilcock 18,000
12. Related Party Transactions
The directors have loan accounts with the company. The amounts outstanding are included within Creditors due after more than one year.
David WilcockDirectors Loan and rentThe loan amount outstanding a the year end, included within Creditors due after more than one year was £47813. The company occupies premises owned by the director. Rent of £10800 was paid during the year under review and included within expenses on the Profit & Loss Account.

David Wilcock

Directors Loan and rent

The loan amount outstanding a the year end, included within Creditors due after more than one year was £47813. The company occupies premises owned by the director. Rent of £10800 was paid during the year under review and included within expenses on the Profit & Loss Account.

Ben WilcockDirectors LoanThe loan amount outstanding at the year end, included within Creditors due after more than one year was £43398

Ben Wilcock

Directors Loan

The loan amount outstanding at the year end, included within Creditors due after more than one year was £43398

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13. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their ownership of 100% of the issued share capital in the company.
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