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REGISTERED NUMBER: 03775370 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

N.M.J. MOTORHOUSE LIMITED

N.M.J. MOTORHOUSE LIMITED (REGISTERED NUMBER: 03775370)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N.M.J. MOTORHOUSE LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2024







DIRECTORS: Mr N M Jones
Mr A Dodson





SECRETARY: Mrs J Janes





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 03775370 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

N.M.J. MOTORHOUSE LIMITED (REGISTERED NUMBER: 03775370)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 55,244 67,112
55,244 67,112

CURRENT ASSETS
Stocks 6 2,592,095 2,382,735
Debtors 7 811,387 752,402
Cash in hand 4,636 -
3,408,118 3,135,137
CREDITORS
Amounts falling due within one year 8 2,268,733 1,844,300
NET CURRENT ASSETS 1,139,385 1,290,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,194,629

1,357,949

CREDITORS
Amounts falling due after more than one
year

9

(44,917

)

(93,917

)

PROVISIONS FOR LIABILITIES (15,313 ) (15,116 )
NET ASSETS 1,134,399 1,248,916

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings 1,074,399 1,188,916
SHAREHOLDERS' FUNDS 1,134,399 1,248,916

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

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

N.M.J. MOTORHOUSE LIMITED (REGISTERED NUMBER: 03775370)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:




Mr N M Jones - Director



Mr A Dodson - Director


N.M.J. MOTORHOUSE LIMITED (REGISTERED NUMBER: 03775370)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024

1. STATUTORY INFORMATION

N.M.J. Motorhouse Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% on reducing balance
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 Statement of Income and Retained Earnings, 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.


N.M.J. MOTORHOUSE LIMITED (REGISTERED NUMBER: 03775370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Warranty provision
Costs of servicing warranty obligations are provided for on the basis of the directors' best estimate of the future cost to the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 145,000
AMORTISATION
At 1 July 2023
and 30 June 2024 145,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

N.M.J. MOTORHOUSE LIMITED (REGISTERED NUMBER: 03775370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 July 2023
and 30 June 2024 33,514 31,294 22,239
DEPRECIATION
At 1 July 2023 32,571 7,592 17,528
Charge for year 189 2,370 1,178
At 30 June 2024 32,760 9,962 18,706
NET BOOK VALUE
At 30 June 2024 754 21,332 3,533
At 30 June 2023 943 23,702 4,711

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 104,639 53,482 26,327 271,495
DEPRECIATION
At 1 July 2023 77,469 48,401 20,822 204,383
Charge for year 5,484 1,271 1,376 11,868
At 30 June 2024 82,953 49,672 22,198 216,251
NET BOOK VALUE
At 30 June 2024 21,686 3,810 4,129 55,244
At 30 June 2023 27,170 5,081 5,505 67,112

6. STOCKS
2024 2023
£    £   
Stocks 2,592,095 2,382,735

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 232,096 127,115
Other debtors 579,291 625,287
811,387 752,402

N.M.J. MOTORHOUSE LIMITED (REGISTERED NUMBER: 03775370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 456,092 483,617
Trade creditors 233,714 196,842
Taxation and social security 60,840 4,828
Other creditors 1,518,087 1,159,013
2,268,733 1,844,300

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 44,917 93,917

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 407,092 320,034
Bank loans 93,917 257,500
501,009 577,534

The bank overdraft is secured by way of fixed and floating charges.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr N Jones and Mr A Dodson by virtue of their 100% shareholding.