Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mark Jonathan Daniel Cox 02/04/2020 Sarah Jane Cox 27/02/2023 Nicholas Dean Rogers 02/04/2020 Samantha Jane Rogers 27/02/2023 19 January 2025 The principal activity of the Company during the financial year was that of a used vehicle dealership. 11952595 2024-04-30 11952595 bus:Director1 2024-04-30 11952595 bus:Director2 2024-04-30 11952595 bus:Director3 2024-04-30 11952595 bus:Director4 2024-04-30 11952595 2023-04-30 11952595 core:CurrentFinancialInstruments 2024-04-30 11952595 core:CurrentFinancialInstruments 2023-04-30 11952595 core:Non-currentFinancialInstruments 2024-04-30 11952595 core:Non-currentFinancialInstruments 2023-04-30 11952595 core:ShareCapital 2024-04-30 11952595 core:ShareCapital 2023-04-30 11952595 core:CapitalRedemptionReserve 2024-04-30 11952595 core:CapitalRedemptionReserve 2023-04-30 11952595 core:RetainedEarningsAccumulatedLosses 2024-04-30 11952595 core:RetainedEarningsAccumulatedLosses 2023-04-30 11952595 core:PlantMachinery 2023-04-30 11952595 core:Vehicles 2023-04-30 11952595 core:OfficeEquipment 2023-04-30 11952595 core:PlantMachinery 2024-04-30 11952595 core:Vehicles 2024-04-30 11952595 core:OfficeEquipment 2024-04-30 11952595 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-04-30 11952595 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-04-30 11952595 core:CurrentFinancialInstruments 1 2024-04-30 11952595 core:CurrentFinancialInstruments 1 2023-04-30 11952595 bus:OrdinaryShareClass1 2024-04-30 11952595 2023-05-01 2024-04-30 11952595 bus:FilletedAccounts 2023-05-01 2024-04-30 11952595 bus:SmallEntities 2023-05-01 2024-04-30 11952595 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11952595 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11952595 bus:Director1 2023-05-01 2024-04-30 11952595 bus:Director2 2023-05-01 2024-04-30 11952595 bus:Director3 2023-05-01 2024-04-30 11952595 bus:Director4 2023-05-01 2024-04-30 11952595 core:PlantMachinery core:TopRangeValue 2023-05-01 2024-04-30 11952595 core:Vehicles 2023-05-01 2024-04-30 11952595 core:OfficeEquipment core:TopRangeValue 2023-05-01 2024-04-30 11952595 2022-05-01 2023-04-30 11952595 core:PlantMachinery 2023-05-01 2024-04-30 11952595 core:OfficeEquipment 2023-05-01 2024-04-30 11952595 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 11952595 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 11952595 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11952595 (England and Wales)

MOTRON GROUP LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

MOTRON GROUP LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

MOTRON GROUP LTD

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
MOTRON GROUP LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 21,499 404
Investments 4 52 450
21,551 854
Current assets
Stocks 171,684 37,200
Debtors 5 82,180 73,827
Cash at bank and in hand 141,876 142,379
395,740 253,406
Creditors: amounts falling due within one year 6 ( 334,926) ( 230,108)
Net current assets 60,814 23,298
Total assets less current liabilities 82,365 24,152
Creditors: amounts falling due after more than one year 7 ( 19,863) 0
Net assets 62,502 24,152
Capital and reserves
Called-up share capital 8 750 750
Capital redemption reserve 250 250
Profit and loss account 61,502 23,152
Total shareholders' funds 62,502 24,152

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A. The financial statements of Motron Group Ltd (registered number: 11952595) were approved and authorised for issue by the Board of Directors on 19 January 2025. They were signed on its behalf by:

Mark Jonathan Daniel Cox
Director
MOTRON GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
MOTRON GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Motron Group Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leatside Challabrook Lane, Bovey Tracey, Newton Abbot, TQ13 9DF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so 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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Plant and machinery 3 years straight line
Vehicles 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments in subsidiaries are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 May 2023 0 0 416 416
Additions 133 24,209 529 24,871
At 30 April 2024 133 24,209 945 25,287
Accumulated depreciation
At 01 May 2023 0 0 12 12
Charge for the financial year 4 3,531 241 3,776
At 30 April 2024 4 3,531 253 3,788
Net book value
At 30 April 2024 129 20,678 692 21,499
At 30 April 2023 0 0 404 404

4. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 2 400
Participating interests 50 50
52 450

5. Debtors

2024 2023
£ £
Trade debtors 21,300 37,700
Amounts owed by own subsidiaries 9,141 6,127
Amounts owed by directors 35,739 0
Other debtors 16,000 30,000
82,180 73,827

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 43,395 381
Amounts owed to own subsidiaries 2,550 2,500
Amounts owed to connected companies 273,000 200,000
Amounts owed to directors 0 9,191
Corporation tax 0 5,182
Other taxation and social security 13,236 12,854
Obligations under finance leases and hire purchase contracts 2,745 0
334,926 230,108

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 19,863 0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
750 Ordinary shares of £ 1.00 each 750 750

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to the company by the directors 35,739 9,191

At the year end the company was owed £35,739 by the directors. Interest at HMRC approved rates is charged on the loan when overdrawn. There is no fixed date of repayment.

Other related party transactions

2024 2023
£ £
Amounts owed to company under common control 193,000 200,000

During the year, the Company maintained a loan with a company under common control. Credits of £7,000 and advances of £Nil were made in the year. No interest is charged and there are no set repayments.