IRIS Accounts Production v24.3.2.46 01383088 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013830882023-08-31013830882024-08-31013830882023-09-012024-08-31013830882022-08-31013830882022-09-012023-08-31013830882023-08-3101383088ns15:EnglandWales2023-09-012024-08-3101383088ns14:PoundSterling2023-09-012024-08-3101383088ns10:Director12023-09-012024-08-3101383088ns10:Director22023-09-012024-08-3101383088ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3101383088ns10:SmallEntities2023-09-012024-08-3101383088ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3101383088ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3101383088ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3101383088ns10:FullAccounts2023-09-012024-08-3101383088ns10:Director32023-09-012024-08-3101383088ns10:CompanySecretary12023-09-012024-08-3101383088ns10:RegisteredOffice2023-09-012024-08-3101383088ns5:CurrentFinancialInstruments2024-08-3101383088ns5:CurrentFinancialInstruments2023-08-3101383088ns5:Non-currentFinancialInstruments2024-08-3101383088ns5:Non-currentFinancialInstruments2023-08-3101383088ns5:ShareCapital2024-08-3101383088ns5:ShareCapital2023-08-3101383088ns5:RetainedEarningsAccumulatedLosses2024-08-3101383088ns5:RetainedEarningsAccumulatedLosses2023-08-3101383088ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-09-012024-08-3101383088ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-012024-08-3101383088ns5:LeaseholdImprovements2023-09-012024-08-3101383088ns5:FurnitureFittings2023-09-012024-08-3101383088ns5:MotorVehicles2023-09-012024-08-3101383088ns5:ComputerEquipment2023-09-012024-08-3101383088ns5:LandBuildings2023-08-3101383088ns5:LongLeaseholdAssetsns5:LandBuildings2023-08-3101383088ns5:LeaseholdImprovements2023-08-3101383088ns5:LandBuildings2023-09-012024-08-3101383088ns5:LandBuildings2024-08-3101383088ns5:LongLeaseholdAssetsns5:LandBuildings2024-08-3101383088ns5:LeaseholdImprovements2024-08-3101383088ns5:LandBuildings2023-08-3101383088ns5:LongLeaseholdAssetsns5:LandBuildings2023-08-3101383088ns5:LeaseholdImprovements2023-08-3101383088ns5:FurnitureFittings2023-08-3101383088ns5:MotorVehicles2023-08-3101383088ns5:ComputerEquipment2023-08-3101383088ns5:FurnitureFittings2024-08-3101383088ns5:MotorVehicles2024-08-3101383088ns5:ComputerEquipment2024-08-3101383088ns5:FurnitureFittings2023-08-3101383088ns5:MotorVehicles2023-08-3101383088ns5:ComputerEquipment2023-08-3101383088ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-08-3101383088ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3101383088ns5:LeasedAssetsHeldAsLessee2023-08-3101383088ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-09-012024-08-3101383088ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-012024-08-3101383088ns5:LeasedAssetsHeldAsLessee2023-09-012024-08-3101383088ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2024-08-3101383088ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-08-3101383088ns5:LeasedAssetsHeldAsLessee2024-08-3101383088ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-08-3101383088ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3101383088ns5:LeasedAssetsHeldAsLessee2023-08-3101383088ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3101383088ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3101383088ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-08-3101383088ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-08-3101383088ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-08-3101383088ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-08-3101383088ns5:HirePurchaseContracts2024-08-3101383088ns5:HirePurchaseContracts2023-08-3101383088ns5:WithinOneYear2024-08-3101383088ns5:WithinOneYear2023-08-3101383088ns5:BetweenOneFiveYears2024-08-3101383088ns5:BetweenOneFiveYears2023-08-3101383088ns5:AllPeriods2024-08-3101383088ns5:AllPeriods2023-08-31
REGISTERED NUMBER: 01383088 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Melksham Motor Spares Limited

Melksham Motor Spares Limited (Registered number: 01383088)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Melksham Motor Spares Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P R Dodd
J F Mattock
Mrs A Cook



SECRETARY: Mrs A Cook



REGISTERED OFFICE: 7 Chequers Corner
Lancaster Road
Bowerhill
Melksham
Wiltshire
SN12 6SS



REGISTERED NUMBER: 01383088 (England and Wales)



ACCOUNTANTS: Monahans
Chartered Accountants
14a Forest Gate
Pewsham
Chippenham
Wiltshire
SN15 3RS

Melksham Motor Spares Limited (Registered number: 01383088)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 646,505 683,989

CURRENT ASSETS
Stocks 842,354 838,458
Debtors 5 1,632,432 1,507,572
Cash at bank 984,813 1,100,366
3,459,599 3,446,396
CREDITORS
Amounts falling due within one year 6 1,978,090 2,019,702
NET CURRENT ASSETS 1,481,509 1,426,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,128,014

2,110,683

CREDITORS
Amounts falling due after more than one
year

7

-

(26,888

)

PROVISIONS FOR LIABILITIES - (20,756 )
NET ASSETS 2,128,014 2,063,039

CAPITAL AND RESERVES
Called up share capital 637,764 637,764
Retained earnings 1,490,250 1,425,275
SHAREHOLDERS' FUNDS 2,128,014 2,063,039

Melksham Motor Spares Limited (Registered number: 01383088)

Balance Sheet - continued
31 August 2024


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

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

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 31 March 2025 and were signed on its behalf by:




P R Dodd - Director



J F Mattock - Director


Melksham Motor Spares Limited (Registered number: 01383088)

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

1. STATUTORY INFORMATION

Melksham Motor Spares 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 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.
Land and Building - 2% on straight line basis
Long leasehold - 4% on a straight line basis
Improvements to property - 4% on a straight line basis
Fixtures and fittings - 15% on straight line basis and 10% on straight line basis
Motor vehicles - 25% on straight line basis and 25% on reducing balance
Computer equipment - 33% on straight line basis

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
During the year the Company made contributions to the Personal Pension Schemes of certain directors and employees.

Melksham Motor Spares Limited (Registered number: 01383088)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2023 - 60 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Land and Long to
Building leasehold property
£    £    £   
COST
At 1 September 2023 332,627 95,752 162,917
Additions - - 40,000
Disposals - - -
At 31 August 2024 332,627 95,752 202,917
DEPRECIATION
At 1 September 2023 44,351 69,413 41,393
Charge for year 4,435 15,020 8,117
Eliminated on disposal - - -
At 31 August 2024 48,786 84,433 49,510
NET BOOK VALUE
At 31 August 2024 283,841 11,319 153,407
At 31 August 2023 288,276 26,339 121,524

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 391,064 287,129 79,842 1,349,331
Additions 22,231 9,000 7,373 78,604
Disposals (11,262 ) (35,327 ) (6,878 ) (53,467 )
At 31 August 2024 402,033 260,802 80,337 1,374,468
DEPRECIATION
At 1 September 2023 273,074 173,874 63,237 665,342
Charge for year 33,119 43,334 12,063 116,088
Eliminated on disposal (11,262 ) (35,327 ) (6,878 ) (53,467 )
At 31 August 2024 294,931 181,881 68,422 727,963
NET BOOK VALUE
At 31 August 2024 107,102 78,921 11,915 646,505
At 31 August 2023 117,990 113,255 16,605 683,989

Included in cost of land and buildings is freehold land of £ 110,876 (2023 - £ 110,876 ) which is not depreciated.

Melksham Motor Spares Limited (Registered number: 01383088)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 5,700 105,813 111,513
DEPRECIATION
At 1 September 2023 5,700 15,431 21,131
Charge for year - 26,453 26,453
At 31 August 2024 5,700 41,884 47,584
NET BOOK VALUE
At 31 August 2024 - 63,929 63,929
At 31 August 2023 - 90,382 90,382

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,083,944 1,066,893
Invoice discounting 303,437 260,809
Prepayments 245,051 179,870
1,632,432 1,507,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 26,888 53,777
Trade creditors 1,226,427 1,224,879
Tax 390,186 365,144
Social security and other taxes 51,515 48,797
VAT 111,468 131,930
Accrued expenses 171,606 195,175
1,978,090 2,019,702

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 26,888

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 26,888 53,777
Between one and five years - 26,888
26,888 80,665

Melksham Motor Spares Limited (Registered number: 01383088)

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

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 91,397 112,098
Between one and five years - 35,000
91,397 147,098

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 26,888 80,665

Hire purchase liabilities are secured against the assets to which they relate.

10. RELATED PARTY DISCLOSURES

During the year the directors received dividends amounting to £898,780 (2023 - £1,110,430)