Company registration number 01877266 (England and Wales)
Motor City Motorist Centres Ltd
Annual Report and
Unaudited Financial Statements
for the year ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
Motor City Motorist Centres Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Motor City Motorist Centres Ltd
Statement of Financial Position
as at 30 September 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
55,274
528,030
Current assets
Stocks
3,000
3,000
Debtors
47,517
207,724
Cash at bank and in hand
178,191
76,399
228,708
287,123
Creditors: amounts falling due within one year
(136,961)
(125,999)
Net current assets
91,747
161,124
Total assets less current liabilities
147,021
689,154
Creditors: amounts falling due after more than one year
(6,667)
(16,667)
Provisions for liabilities
4
(13,640)
(13,056)
Net assets
126,714
659,431
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
126,614
659,331
Total equity
126,714
659,431

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

Motor City Motorist Centres Ltd
Statement of Financial Position (continued)
as at 30 September 2024
30 September 2024
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 22 January 2025 and are signed on its behalf by:
P Howell
Director
Company Registration No. 01877266
Motor City Motorist Centres Ltd
Notes to the Financial Statements
for the year ended 30 September 2024
- 3 -
1
Accounting policies
Accounting convention

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.

Turnover

Turnover represents the amount derived from the provision of goods and services falling within the company's activities after deduction of trade discounts and value added tax.

 

Turnover is recognised on supply of services to the customer.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

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

Plant and machinery
10% per annum on reducing balance
Fixtures, fittings & equipment
10% per annum on reducing balance
Motor vehicles
25% per annum on reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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 income statement 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 is recognised in respect of all timing differences that have originated, but not reversed, at the balance sheet date. Timing differences represent accumulated differences between the company's taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.

Motor City Motorist Centres Ltd
Notes to the Financial Statements (continued)
for the year ended 30 September 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
14
13
3
Tangible fixed assets
Freehold land and buildings
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 October 2023
474,935
148,770
39,511
14,000
677,216
Additions
-
0
2,035
1,902
5,500
9,437
Disposals
(474,935)
-
0
-
0
-
0
(474,935)
At 30 September 2024
-
0
150,805
41,413
19,500
211,718
Depreciation and impairment
At 1 October 2023
-
0
110,753
25,625
12,808
149,186
Depreciation charged in the year
-
0
4,005
1,579
1,674
7,258
At 30 September 2024
-
0
114,758
27,204
14,482
156,444
Carrying amount
At 30 September 2024
-
0
36,047
14,209
5,018
55,274
At 30 September 2023
474,935
38,017
13,886
1,192
528,030
4
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
13,640
13,056
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Company information

Motor City Motorist Centres Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Pontefract Road, Knottingley, West Yorkshire, WF11 0BJ.

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