Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsemotor vehicle repairs, mot services and sale of second-hand vehicles2023-04-0189falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02139632 2023-04-01 2024-03-31 02139632 2022-04-01 2023-03-31 02139632 2024-03-31 02139632 2023-03-31 02139632 c:CompanySecretary1 2023-04-01 2024-03-31 02139632 c:Director1 2023-04-01 2024-03-31 02139632 c:RegisteredOffice 2023-04-01 2024-03-31 02139632 c:Agent1 2023-04-01 2024-03-31 02139632 d:Buildings 2023-04-01 2024-03-31 02139632 d:Buildings 2024-03-31 02139632 d:Buildings 2023-03-31 02139632 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02139632 d:PlantMachinery 2023-04-01 2024-03-31 02139632 d:PlantMachinery 2024-03-31 02139632 d:PlantMachinery 2023-03-31 02139632 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02139632 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02139632 d:CurrentFinancialInstruments 2024-03-31 02139632 d:CurrentFinancialInstruments 2023-03-31 02139632 d:Non-currentFinancialInstruments 2024-03-31 02139632 d:Non-currentFinancialInstruments 2023-03-31 02139632 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02139632 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02139632 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02139632 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02139632 d:ShareCapital 2024-03-31 02139632 d:ShareCapital 2023-03-31 02139632 d:RetainedEarningsAccumulatedLosses 2024-03-31 02139632 d:RetainedEarningsAccumulatedLosses 2023-03-31 02139632 c:OrdinaryShareClass1 2023-04-01 2024-03-31 02139632 c:OrdinaryShareClass1 2024-03-31 02139632 c:FRS102 2023-04-01 2024-03-31 02139632 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02139632 c:FullAccounts 2023-04-01 2024-03-31 02139632 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02139632 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02139632 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No. 02139632 (England and Wales)







M MOSS (REPAIRS) LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
M MOSS (REPAIRS) LIMITED
 
 
COMPANY INFORMATION


Director
Michael Moss 




Company secretary
Mary Moss



Registered number
02139632



Registered office
25 Park Royal Road

London

NW10 7LQ




Accountants
Riordan O'Sullivan & Co
Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE









 
M MOSS (REPAIRS) LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 8


 
M MOSS (REPAIRS) LIMITED
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF M MOSS (REPAIRS) LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M. Moss (Repairs) Limited for the year ended 31 March 2019 which comprise the profit and loss account, the 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 Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal .com/en/member/professional -standards /rules-standards/acca -rulebook.html.

It is your duty to ensure that M Moss (Repairs) 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 M Moss (Repairs) Limited. You consider that M Moss (Repairs) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of M Moss (Repairs) 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.

  



Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE
25 October 2024
Page 1

 
M MOSS (REPAIRS) LIMITED
REGISTERED NUMBER:02139632

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
1,527,572
1,547,375

  
1,527,572
1,547,375

Current assets
  

Stocks
  
87,090
74,921

Debtors
 5 
148,022
151,739

Bank and cash balances
  
455,781
567,544

  
690,893
794,204

Creditors: amounts falling due within one year
 6 
(225,266)
(237,542)

Net current assets
  
 
 
465,627
 
 
556,662

Total assets less current liabilities
  
1,993,199
2,104,037

Creditors: amounts falling due after more than one year
 7 
(462,775)
(750,182)

Provisions for liabilities
  

Deferred tax
 8 
(14,935)
(9,020)

  
 
 
(14,935)
 
 
(9,020)

Net assets
  
1,515,489
1,344,835


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
1,515,487
1,344,833

  
1,515,489
1,344,835


Page 2

 
M MOSS (REPAIRS) LIMITED
REGISTERED NUMBER:02139632
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 October 2024.


___________________________
Michael Moss
Director

Page 3

 
M MOSS (REPAIRS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

M. Moss (Repairs) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 25 Park Royal Road, London, NW10 7LQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover represents the total invoiced value, excluding value added tax, of sales made during the year.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
M MOSS (REPAIRS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:


Freehold property
-
Plant and machinery
-
25%
reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

 
2.8

Stocks

Stocks are valued at the lower of cost and net realisable value.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 9).

Page 5

 
M MOSS (REPAIRS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 April 2023
1,468,162
354,977
1,823,139



At 31 March 2024

1,468,162
354,977
1,823,139



Depreciation


At 1 April 2023
-
275,764
275,764


Charge for the year on owned assets
-
19,803
19,803



At 31 March 2024

-
295,567
295,567



Net book value



At 31 March 2024
1,468,162
59,410
1,527,572



At 31 March 2023
1,468,162
79,213
1,547,375


5.


Debtors

2024
2023
£
£


Trade debtors
125,383
132,958

Other debtors
22,639
18,781

148,022
151,739




Page 6

 
M MOSS (REPAIRS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
86,250
85,524

Trade creditors
22,127
36,976

Corporation tax
65,679
48,272

Other taxation and social security
40,200
48,524

Accruals and other creditors
11,010
18,246

225,266
237,542



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
462,775
750,182


The bank loan is secured by the first legal charges over the freehold property owned by the company.

Page 7

 
M MOSS (REPAIRS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024


£






At beginning of year
(9,020)


Deferred tax movement
(5,915)



At end of year
(14,935)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
14,935
9,020

14,935
9,020


9.


Profit and loss reserves

2024
2023
£
£


P/L a/c - balance brought forward
1,344,833
1,236,733

Profit for the year
176,569
188,100

Dividends declared and paid in the year
-
80,000

1,521,402
1,344,833


10.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2



11.


Controlling party

Michael Moss, together with his wife owns 100% of the issued share capital of the company and is therefore the ultimate controller of the company.

 
Page 8