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REGISTERED NUMBER: 03722031 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2024

FOR

MOTRACOM SALES LIMITED

MOTRACOM SALES LIMITED (REGISTERED NUMBER: 03722031)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 27 February 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MOTRACOM SALES LIMITED

COMPANY INFORMATION
for the Year Ended 27 February 2024







DIRECTOR: Mr N P Flaherty





REGISTERED OFFICE: Summerdale
Head Dyke Lane
Pilling
Preston
Lancashire
PR3 6SJ





REGISTERED NUMBER: 03722031 (England and Wales)





ACCOUNTANTS: RfM Fylde Limited
Summerdale
Head Dyke Lane
Pilling
Lancashire
PR3 6SJ

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MOTRACOM SALES LIMITED

The following reproduces the text of the report prepared for the director 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 Director 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 Motracom Sales Limited for the year ended 27 February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 director of Motracom Sales Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Motracom Sales Limited and state those matters that we have agreed to state to the director of Motracom Sales Limited 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 Motracom Sales Limited and its director for our work or for this report.

It is your duty to ensure that Motracom Sales 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 loss of Motracom Sales Limited. You consider that Motracom Sales 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 Motracom Sales 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.






RfM Fylde Limited
Summerdale
Head Dyke Lane
Pilling
Lancashire
PR3 6SJ


26 November 2024

MOTRACOM SALES LIMITED (REGISTERED NUMBER: 03722031)

BALANCE SHEET
27 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,383 122,124

CURRENT ASSETS
Stocks 5 184,891 262,592
Debtors 6 115,575 161,416
Cash at bank 88,643 9,604
389,109 433,612
CREDITORS
Amounts falling due within one year 7 357,220 340,854
NET CURRENT ASSETS 31,889 92,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,272

214,882

CREDITORS
Amounts falling due after more than one
year

8

(5,286

)

(15,661

)

PROVISIONS FOR LIABILITIES 9 (11,760 ) (23,223 )
NET ASSETS 140,226 175,998

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 140,126 175,898
SHAREHOLDERS' FUNDS 140,226 175,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

MOTRACOM SALES LIMITED (REGISTERED NUMBER: 03722031)

BALANCE SHEET - continued
27 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mr N P Flaherty - Director


MOTRACOM SALES LIMITED (REGISTERED NUMBER: 03722031)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 27 February 2024

1. STATUTORY INFORMATION

Motracom Sales 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 the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

STOCKS
Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

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.

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.

MOTRACOM SALES LIMITED (REGISTERED NUMBER: 03722031)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 27 February 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 28 February 2023 37,421 92,405 4,842
Additions - 37,487 3,320
At 27 February 2024 37,421 129,892 8,162
DEPRECIATION
At 28 February 2023 2,931 37,495 2,894
Charge for year 1,497 25,719 1,619
At 27 February 2024 4,428 63,214 4,513
NET BOOK VALUE
At 27 February 2024 32,993 66,678 3,649
At 27 February 2023 34,490 54,910 1,948

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 28 February 2023 41,605 1,879 178,152
Additions - - 40,807
At 27 February 2024 41,605 1,879 218,959
DEPRECIATION
At 28 February 2023 11,221 1,487 56,028
Charge for year 8,321 392 37,548
At 27 February 2024 19,542 1,879 93,576
NET BOOK VALUE
At 27 February 2024 22,063 - 125,383
At 27 February 2023 30,384 392 122,124

MOTRACOM SALES LIMITED (REGISTERED NUMBER: 03722031)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 27 February 2024

5. STOCKS
2024 2023
£    £   
Machinery stock 101,890 172,475
Vehicle stock 18,154 24,950
Consumable stock 20,700 6,000
Work-in-progress 44,147 59,167
184,891 262,592

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 107,545 152,706
Other debtors 8,030 8,710
115,575 161,416

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,375 10,119
Trade creditors 99,379 62,221
Taxation and social security 17,274 35,104
Other creditors 230,192 233,410
357,220 340,854

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,286 15,661

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 11,760 23,223

Deferred
tax
£   
Balance at 28 February 2023 23,223
Credit to Statement of Income and Retained Earnings during year (11,463 )
Balance at 27 February 2024 11,760

MOTRACOM SALES LIMITED (REGISTERED NUMBER: 03722031)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 27 February 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100