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REGISTERED NUMBER: 06902552 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

A1 MOTO SERVICES LIMITED

A1 MOTO SERVICES LIMITED (REGISTERED NUMBER: 06902552)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A1 MOTO SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Darren Neal Roebuck
Joanne Elizabeth Roebuck





REGISTERED OFFICE: Lawrence House
James Nicolson Link
Clifton Moor
YORK
North Yorkshire
YO30 4WG





REGISTERED NUMBER: 06902552 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
Lawrence House
James Nicolson Link
Clifton Moor
York
North Yorkshire
YO30 4WG

A1 MOTO SERVICES LIMITED (REGISTERED NUMBER: 06902552)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,722 164,782

CURRENT ASSETS
Stocks 1,648,751 1,439,859
Debtors 5 59,272 44,708
Cash at bank and in hand 223,970 197,848
1,931,993 1,682,415
CREDITORS
Amounts falling due within one year 6 1,243,970 966,623
NET CURRENT ASSETS 688,023 715,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

807,745

880,574

CREDITORS
Amounts falling due after more than
one year

7

(49,777

)

(111,743

)

PROVISIONS FOR LIABILITIES (29,931 ) (41,196 )
NET ASSETS 728,037 727,635

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 727,937 727,535
728,037 727,635

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

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

A1 MOTO SERVICES LIMITED (REGISTERED NUMBER: 06902552)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





Darren Neal Roebuck - Director


A1 MOTO SERVICES LIMITED (REGISTERED NUMBER: 06902552)

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

1. STATUTORY INFORMATION

A1 Moto Services 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.

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 the amount derived from ordinary activities and is stated after trade discounts, other sales taxes and VAT.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Furniture & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% 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 th Profit and Loss Account, 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.

A1 MOTO SERVICES LIMITED (REGISTERED NUMBER: 06902552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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.

FINANCE COST OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

INCOME RECOGNITION
Income is recognised when services and goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

HIRE PURCHASE
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and Furniture
Leasehold machinery & fittings
£    £    £   
COST
At 1 June 2023 4,598 7,426 178,189
Additions - - 16,306
Disposals - - -
At 31 May 2024 4,598 7,426 194,495
DEPRECIATION
At 1 June 2023 3,866 1,551 121,059
Charge for year 461 881 11,014
Eliminated on disposal - - -
At 31 May 2024 4,327 2,432 132,073
NET BOOK VALUE
At 31 May 2024 271 4,994 62,422
At 31 May 2023 732 5,875 57,130

A1 MOTO SERVICES LIMITED (REGISTERED NUMBER: 06902552)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 118,992 7,918 317,123
Additions - 190 16,496
Disposals (42,467 ) - (42,467 )
At 31 May 2024 76,525 8,108 291,152
DEPRECIATION
At 1 June 2023 21,394 4,471 152,341
Charge for year 26,694 1,204 40,254
Eliminated on disposal (21,165 ) - (21,165 )
At 31 May 2024 26,923 5,675 171,430
NET BOOK VALUE
At 31 May 2024 49,602 2,433 119,722
At 31 May 2023 97,598 3,447 164,782

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 128 7,987
VAT 21,359 -
Prepayments 37,785 36,721
59,272 44,708

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 27,273 27,273
Hire purchase contracts (see note 8) 46,426 67,021
Trade creditors 1,089,108 752,943
Corporation tax 52,564 54,240
Social security and other taxes 7,300 4,051
VAT - 41,072
Other creditors 11,385 8,781
Directors' current accounts 54 36
Accrued expenses 9,860 11,206
1,243,970 966,623

A1 MOTO SERVICES LIMITED (REGISTERED NUMBER: 06902552)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years 27,273 27,273
Other loans - 2-5 years 2,273 29,546
Hire purchase contracts (see note 8) 20,231 54,924
49,777 111,743

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 46,426 67,021
Between one and five years 20,231 54,924
66,657 121,945

Non-cancellable operating leases
2024 2023
£    £   
Within one year 75,000 75,000
Between one and five years 262,500 300,000
337,500 375,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 56,819 84,092
Hire purchase contracts 66,657 121,945
123,476 206,037

The bank loan is secured by a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

The balances on the hire purchase accounts are secured on the assets to which they relate.

A1 MOTO SERVICES LIMITED (REGISTERED NUMBER: 06902552)

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

10. PENSION COSTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £59,897. (2023: £57,782).
Contributions totalling £925 (2023: £545) were payable to the fund at the year end and are included in creditors.