2022-11-01 05603497 2024-04-30 05603497 2022-11-01 2024-04-30 05603497 2022-10-31 05603497 2021-11-01 2022-10-31 05603497 uk-core:WithinOneYear 2022-10-31 05603497 uk-core:WithinOneYear 2024-04-30 05603497 uk-core:ShareCapital 2024-04-30 05603497 uk-core:ShareCapital 2022-10-31 05603497 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 05603497 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 05603497 uk-bus:Director1 2022-11-01 2024-04-30 05603497 uk-bus:Director2 2022-11-01 2024-04-30 05603497 uk-core:PlantMachinery 2022-11-01 2024-04-30 05603497 uk-core:MotorVehicles 2022-11-01 2024-04-30 iso4217:GBP xbrli:pure 05603497 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2024-04-30 05603497 uk-bus:FRS102 2022-11-01 2024-04-30 05603497 uk-bus:FilletedAccounts 2022-11-01 2024-04-30 05603497 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2024-04-30
MOTORMECH LIMITED
Registered Number:05603497
For the period ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
05603497
As at 30 April 2024
MOTORMECH LIMITED
Statement of Financial Position
£
£
2022
2024
Notes
Fixed assets
Property, plant and equipment
-
7,328
2
-
7,328
Current assets
Inventories
750
-
3
Trade and other receivables
15,724
7,497
4
5,655
Cash and cash equivalents
502
7,999
22,129
Trade and other payables: amounts falling due within one
year
(27,419)
(7,997)
5
(5,290)
2
Net current assets
Total assets less current liabilities
2
2,038
-
(1,392)
Provisions for liabilities
2
Net assets
646
Capital and reserves
Called up share capital
2
2
Retained earnings
-
644
2
646
Shareholders' funds
For the period ended 30 April 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 of its financial statements for the period ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Paul Gilbert Director
Svitlana Gilbert Director
These financial statements were approved and authorised for issue by the Board on 09 January 2025 and were signed by:
The notes form part of these financial statements
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For the period ended 30 April 2024
MOTORMECH LIMITED
Notes to the Financial Statements
Statutory Information
MOTORMECH LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05603497.
Registered address:
Unti 1 Shaws Passage
Birmingham
B5 5JG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
15% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. Assets held under finance leases and hire purchase agreements are capitalised in the balance sheet and depreciated in accordance with the company's normal accounting policies. The interest is charged to the profit and loss account over the period of the agreement and represents a constant charge of the balance of capital repayments outstanding.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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4
For the period ended 30 April 2024
MOTORMECH LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 November 2022
36,163
Disposals
(36,163)
At 30 April 2024
-
Provision for depreciation and impairment
At 01 November 2022
28,835
(28,835)
On disposal
At 30 April 2024
-
At 30 April 2024
Net book value
-
At 31 October 2022
7,328
3. Inventories
2022
2024
£
£
Stocks
-
750
4. Trade and other receivables
2022
2024
£
£
Trade debtors
1,238
-
Prepayments and accrued income
-
2,425
Amounts owed by directors
6,259
11,299
Other debtors
-
2,000
15,724
7,497
5. Trade and other payables: amounts falling due within one year
2022
2024
£
£
Trade creditors
3,097
12,048
Taxation and social security
4,900
12,524
Accruals and deferred income
-
2,847
7,997
27,419
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5
For the period ended 30 April 2024
MOTORMECH LIMITED
Notes to the Financial Statements Continued
6. Related party transactions
The ultimate controlling parties during the period were Paul Gilbert & Svitlana Gilbert , directors , whom control the
company by virtue of each owning 50% of the share capital.
7. Average number of persons employed
During the period the average number of employees was 3 (2022 : 3)
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