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REGISTERED NUMBER: 05902951 (England and Wales)















MARCHEND MOTORS LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






MARCHEND MOTORS LIMITED (REGISTERED NUMBER: 05902951)

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

Chartered Accountants' Report 7

MARCHEND MOTORS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A. Burrows
L Grafton





SECRETARY: A. Burrows





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 05902951 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

MARCHEND MOTORS LIMITED (REGISTERED NUMBER: 05902951)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,458 43,761
18,458 43,761

CURRENT ASSETS
Stocks 2,300 2,300
Debtors 6 1,580 7,831
Cash at bank and in hand 74,410 37,388
78,290 47,519
CREDITORS
Amounts falling due within one year 7 59,981 62,536
NET CURRENT ASSETS/(LIABILITIES) 18,309 (15,017 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,767

28,744

CREDITORS
Amounts falling due after more than one
year

8

(11,888

)

(20,802

)

PROVISIONS FOR LIABILITIES (2,187 ) (7,742 )
NET ASSETS 22,692 200

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,592 100
SHAREHOLDERS' FUNDS 22,692 200

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 directors acknowledge their 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.

MARCHEND MOTORS LIMITED (REGISTERED NUMBER: 05902951)

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 Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





L Grafton - Director


MARCHEND MOTORS LIMITED (REGISTERED NUMBER: 05902951)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Marchend Motors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised in line with the work performed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten 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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% Straight Line

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.


MARCHEND MOTORS LIMITED (REGISTERED NUMBER: 05902951)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

Going concern
At the date of signing these accounts the directors believe that the company has sufficient reserves to enable the business to continue for the foreseeable future, and therefore continues to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023
and 31 March 2024 25,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

MARCHEND MOTORS LIMITED (REGISTERED NUMBER: 05902951)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 50,889 55,018 5,608 111,515
Additions 13,224 2,500 2,036 17,760
Disposals (18,942 ) (55,018 ) (2,718 ) (76,678 )
At 31 March 2024 45,171 2,500 4,926 52,597
DEPRECIATION
At 1 April 2023 47,531 15,255 4,968 67,754
Charge for year 2,495 4,525 359 7,379
Eliminated on disposal (18,809 ) (19,467 ) (2,718 ) (40,994 )
At 31 March 2024 31,217 313 2,609 34,139
NET BOOK VALUE
At 31 March 2024 13,954 2,187 2,317 18,458
At 31 March 2023 3,358 39,763 640 43,761

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,580 5,054
Prepayments - 2,777
1,580 7,831

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,800 10,800
Trade creditors 9,526 16,427
Social security and other taxes 31,842 13,341
Other creditors 678 745
Directors' current accounts 3,644 18,602
Accrued expenses 3,491 2,621
59,981 62,536

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 11,888 20,802

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Grafton.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Marchend Motors Limited


The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marchend Motors Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Marchend Motors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marchend Motors Limited and state those matters that we have agreed to state to the Board of Directors of Marchend Motors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marchend Motors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Marchend Motors 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 profit of Marchend Motors Limited. You consider that Marchend Motors 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 Marchend Motors 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.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


20 November 2024