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REGISTERED NUMBER: 13176328 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MINSTERLEY MOTORS LTD

MINSTERLEY MOTORS LTD (REGISTERED NUMBER: 13176328)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MINSTERLEY MOTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: L Jones
Mrs H Middleton





REGISTERED OFFICE: Unit 2a The Farriers
Annscroft
Shrewsbury
Shropshire
SY5 8AN





REGISTERED NUMBER: 13176328 (England and Wales)





ACCOUNTANTS: Windsors Rybridge Ltd
No 9, Castle Court 2
Castlegate Way
Dudley
West Midlands
DY1 4RH

MINSTERLEY MOTORS LTD (REGISTERED NUMBER: 13176328)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,480,300 1,070,400

CURRENT ASSETS
Stocks 27,676 22,848
Debtors 5 179,022 232,711
Cash at bank and in hand 568,411 314,010
775,109 569,569
CREDITORS
Amounts falling due within one year 6 353,526 359,690
NET CURRENT ASSETS 421,583 209,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,901,883

1,280,279

CREDITORS
Amounts falling due after more than one year 7 (505,976 ) (303,122 )

PROVISIONS FOR LIABILITIES (283,920 ) (179,719 )
NET ASSETS 1,111,987 797,438

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,111,984 797,435
SHAREHOLDERS' FUNDS 1,111,987 797,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MINSTERLEY MOTORS LTD (REGISTERED NUMBER: 13176328)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





L Jones - Director


MINSTERLEY MOTORS LTD (REGISTERED NUMBER: 13176328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Minsterley Motors 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - at varying rates on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

MINSTERLEY MOTORS LTD (REGISTERED NUMBER: 13176328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 32 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 1,138,893
Additions 482,400
Disposals (49,000 )
At 31 December 2024 1,572,293
DEPRECIATION
At 1 January 2024 68,493
Charge for year 30,000
Eliminated on disposal (6,500 )
At 31 December 2024 91,993
NET BOOK VALUE
At 31 December 2024 1,480,300
At 31 December 2023 1,070,400

MINSTERLEY MOTORS LTD (REGISTERED NUMBER: 13176328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024 555,922
Additions 468,950
Disposals (25,000 )
Transfer to ownership (80,000 )
At 31 December 2024 919,872
DEPRECIATION
At 1 January 2024 29,422
Charge for year 20,000
Eliminated on disposal (2,500 )
Transfer to ownership (5,000 )
At 31 December 2024 41,922
NET BOOK VALUE
At 31 December 2024 877,950
At 31 December 2023 526,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 97,637 151,620
Other debtors 81,385 81,091
179,022 232,711

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Hire purchase contracts 130,121 128,860
Trade creditors 107,057 69,998
Amounts owed to group undertakings 54,254 98,254
Taxation and social security 18,156 15,713
Other creditors 43,938 46,865
353,526 359,690

MINSTERLEY MOTORS LTD (REGISTERED NUMBER: 13176328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Hire purchase contracts 505,976 303,122