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REGISTERED NUMBER: 12729148 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Exmouth Mot Centre Ltd

Exmouth Mot Centre Ltd (Registered number: 12729148)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Exmouth Mot Centre Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs C R Heal
A Heal



REGISTERED OFFICE: C/o Baines And Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



REGISTERED NUMBER: 12729148 (England and Wales)



ACCOUNTANTS: Baines & Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



BANKERS: HSBC
Magnolia Centre
9 Chapel Street
Exmouth
Devon
EX8 1HR

Exmouth Mot Centre Ltd (Registered number: 12729148)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,310 31,070

CURRENT ASSETS
Stocks 5 650 200
Debtors 6 4,345 7,885
Cash at bank and in hand 53,829 32,678
58,824 40,763
CREDITORS
Amounts falling due within one year 7 25,755 18,449
NET CURRENT ASSETS 33,069 22,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,379

53,384

CREDITORS
Amounts falling due after more than one
year

8

12,750

15,992
NET ASSETS 44,629 37,392

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 44,627 37,390
SHAREHOLDERS' FUNDS 44,629 37,392

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Exmouth Mot Centre Ltd (Registered number: 12729148)

Balance Sheet - continued
31 July 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 17 February 2025 and were signed on its behalf by:




A Heal - Director



Mrs C R Heal - Director


Exmouth Mot Centre Ltd (Registered number: 12729148)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Exmouth Mot Centre 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.

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.

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 cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Exmouth Mot Centre Ltd (Registered number: 12729148)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 4 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 15,707 16,552 2,575 483 35,317
Additions 380 - - - 380
At 31 July 2024 16,087 16,552 2,575 483 35,697
DEPRECIATION
At 1 August 2023 1,302 1,764 1,030 151 4,247
Charge for year 3,194 3,310 515 121 7,140
At 31 July 2024 4,496 5,074 1,545 272 11,387
NET BOOK VALUE
At 31 July 2024 11,591 11,478 1,030 211 24,310
At 31 July 2023 14,405 14,788 1,545 332 31,070

5. STOCKS
31.7.24 31.7.23
£    £   
Stocks 650 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,704 2,105
Other debtors 2,368 -
Prepayments 273 5,780
4,345 7,885

Exmouth Mot Centre Ltd (Registered number: 12729148)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 5,301 9,147
Tax 10,756 487
Social security and other taxes 1,126 795
VAT 3,735 2,049
Other creditors 332 248
Directors' current accounts 2,010 3,483
Accrued expenses 2,495 2,240
25,755 18,449

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans (see note 9) 12,750 15,992

9. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 12,750 15,992

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary 1 2 2

11. RESERVES
Retained
earnings
£   

At 1 August 2023 37,390
Profit for the year 37,237
Dividends (30,000 )
At 31 July 2024 44,627

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2023 - £3,000) were paid to the directors .

Exmouth Mot Centre Ltd (Registered number: 12729148)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

13. ULTIMATE CONTROLLING PARTY

The controlling party is the directors jointly.

The ultimate controlling party is the directors jointly.