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REGISTERED NUMBER: 07210355 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2024

for

Cheltenham MOTS Limited

Cheltenham MOTS Limited (Registered number: 07210355)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Cheltenham MOTS Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S Slatter
M P Slatter





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 07210355 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Cheltenham MOTS Limited

Report of the Accountants to the Directors of
Cheltenham MOTS 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 and the related notes from the company's accounting records and from information and explanations you have given us.

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

It is your duty to ensure that the Company 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. You consider that the Company 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 the Company. 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.






GCSD Accountants Limited


4 September 2024

Cheltenham MOTS Limited (Registered number: 07210355)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,846 4,909

CURRENT ASSETS
Stocks 7,484 800
Debtors 5 228,412 177,598
Cash at bank 50,468 20,740
286,364 199,138
CREDITORS
Amounts falling due within one year 6 243,995 158,722
NET CURRENT ASSETS 42,369 40,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,215

45,325

CREDITORS
Amounts falling due after more than
one year

7

(51,469

)

(37,216

)

PROVISIONS FOR LIABILITIES (8,962 ) (1,227 )
NET ASSETS 17,784 6,882

Cheltenham MOTS Limited (Registered number: 07210355)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,684 6,782
SHAREHOLDERS' FUNDS 17,784 6,882

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:




M P Slatter - Director



Mrs S Slatter - Director


Cheltenham MOTS Limited (Registered number: 07210355)

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


1. STATUTORY INFORMATION

Cheltenham MOTS 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.
Short leasehold - 20% on cost
Plant and machinery - 20% on cost
Office equipment - 25% on cost
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.


Cheltenham MOTS Limited (Registered number: 07210355)

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 5 ) .

Cheltenham MOTS Limited (Registered number: 07210355)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 7,332 59,530 66,862
Additions - 43,229 43,229
At 31 March 2024 7,332 102,759 110,091
DEPRECIATION
At 1 April 2023 7,332 54,621 61,953
Charge for year - 12,292 12,292
At 31 March 2024 7,332 66,913 74,245
NET BOOK VALUE
At 31 March 2024 - 35,846 35,846
At 31 March 2023 - 4,909 4,909

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,804 23,217
Other debtors 200,608 154,381
228,412 177,598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,021 10,036
Hire purchase contracts (see note 8) 4,735 -
Trade creditors 35,307 30,205
Taxation and social security 29,683 23,463
Other creditors 164,249 95,018
243,995 158,722

Cheltenham MOTS Limited (Registered number: 07210355)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 27,101 37,216
Hire purchase contracts (see note 8) 24,368 -
51,469 37,216

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 8,177 -
Between one and five years 29,992 -
38,169 -

Finance charges repayable:
Within one year 3,442 -
Between one and five years 5,624 -
9,066 -

Net obligations repayable:
Within one year 4,735 -
Between one and five years 24,368 -
29,103 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 22,423 20,893
Between one and five years 29,328 54,015
51,751 74,908

Cheltenham MOTS Limited (Registered number: 07210355)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M P Slatter
Balance outstanding at start of year 45,139 74,240
Amounts advanced 70,919 58,058
Amounts repaid (91,149 ) (87,159 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,909 45,139

Interest has been charged on the overdrawn balance at the official rate of interest of 2.25%.