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REGISTERED NUMBER: 09559702 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MOTOR CUBE LTD

MOTOR CUBE LTD (REGISTERED NUMBER: 09559702)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOTOR CUBE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr S S Gore





REGISTERED OFFICE: Hamilton Office Park
31 High View Close
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 09559702 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

MOTOR CUBE LTD (REGISTERED NUMBER: 09559702)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,116 1,954

CURRENT ASSETS
Stocks 9,500 9,500
Debtors 5 13,745 10,869
Cash at bank 2,439 1,873
25,684 22,242
CREDITORS
Amounts falling due within one year 6 20,733 15,904
NET CURRENT ASSETS 4,951 6,338
TOTAL ASSETS LESS CURRENT LIABILITIES 7,067 8,292

CREDITORS
Amounts falling due after more than one
year

7

134,884

140,187
NET LIABILITIES (127,817 ) (131,895 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (127,917 ) (131,995 )
SHAREHOLDERS' FUNDS (127,817 ) (131,895 )

MOTOR CUBE LTD (REGISTERED NUMBER: 09559702)

BALANCE SHEET - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





Mr S S Gore - Director


MOTOR CUBE LTD (REGISTERED NUMBER: 09559702)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Motor Cube Ltd 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.

Going concern
The financial statements have been prepared on a going concern basis as the director does not envisage withdrawing his support and believes the company will have sufficient funds available to enable it to continue trading for at least one year from the date of signing the balance sheet.

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.
Plant and machinery - 20% on reducing balance
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 Income Statement, 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.

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.

MOTOR CUBE LTD (REGISTERED NUMBER: 09559702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 4,896 4,500 9,396
Additions - 600 600
At 30 April 2024 4,896 5,100 9,996
DEPRECIATION
At 1 May 2023 3,393 4,049 7,442
Charge for year 300 138 438
At 30 April 2024 3,693 4,187 7,880
NET BOOK VALUE
At 30 April 2024 1,203 913 2,116
At 30 April 2023 1,503 451 1,954

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,845 5,715
Other debtors 5,900 5,154
13,745 10,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,967 2,967
Trade creditors 9,591 8,053
Taxation and social security 2,895 2,390
Other creditors 5,280 2,494
20,733 15,904

MOTOR CUBE LTD (REGISTERED NUMBER: 09559702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,904 14,349
Other creditors 122,980 125,838
134,884 140,187

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 2,382

8. RELATED PARTY DISCLOSURES

Included in other creditors due after more than one year is an amount owed to the director of £116,184 (2023 : £119,042 ). The loan is interest free and repayable on demand after a period of one year from the date of signing the balance sheet.