MOTOR RING LTD

Company Registration Number:
12076440 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

MOTOR RING LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

MOTOR RING LTD

Company Information

for the Period Ended 30 June 2024




Registered office: 591
Hurst Road
Bexley
Kent
England
DA5 3JS
Company Registration Number: 12076440 (England and Wales)

MOTOR RING LTD

Profit and Loss Account

for the Period Ended 30 June 2024


Notes

2024
£

2023
£
Turnover 1,912,178 2,109,385
Cost of sales ( 1,605,297 ) ( 1,760,190 )
Gross Profit or (Loss) 306,881 349,195
Administrative Expenses ( 198,436 ) ( 209,034 )
Other operating income 13,522 28,933
Operating Profit or (Loss) 121,967 169,094
Interest Payable and Similar Charges ( 37,570 ) ( 9,343 )
Profit or (Loss) Before Tax 84,397 159,751
Tax on Profit ( 22,517 ) ( 30,353 )
Profit or (Loss) for Period 61,880 129,398

The notes form part of these financial statements

MOTOR RING LTD

Balance sheet

As at 30 June 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 7,912 9,890
Total fixed assets: 7,912 9,890
Current assets
Stocks: 510,685 496,930
Debtors: 5 78,500 41,500
Cash at bank and in hand: 3,453 27,580
Total current assets: 592,638 566,010
Creditors: amounts falling due within one year: 6 ( 56,481 ) ( 162,848 )
Net current assets (liabilities): 536,157 403,162
Total assets less current liabilities: 544,069 413,052
Creditors: amounts falling due after more than one year: 7 ( 279,859 ) ( 210,721 )
Total net assets (liabilities): 264,210 202,331

The notes form part of these financial statements

MOTOR RING LTD

Balance sheet continued

As at 30 June 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 264,200 202,321
Shareholders funds: 264,210 202,331

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 March 2025
And Signed On Behalf Of The Board By:

Name: Khalid Chaudhry
Status: Director

The notes form part of these financial statements

MOTOR RING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MOTOR RING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 4 3

MOTOR RING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

MOTOR RING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 01 July 2023 0 9,890 9,890
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 June 2024 0 9,890 9,890
Depreciation
At 01 July 2023 - - -
Charge for year - 1,978 1,978
On disposals - - -
Other adjustments - - -
At 30 June 2024 - 1,978 1,978
Net book value
At 30 June 2024 0 7,912 7,912
At 30 June 2023 0 9,890 9,890

MOTOR RING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Debtors


2024
£

2023
£
Other debtors 78,500 41,500
Total 78,500 41,500

MOTOR RING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 36,806 7,677
Taxation and social security 19,675 35,666
Other creditors 119,505
Total 56,481 162,848

MOTOR RING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 279,859 210,721
Total 279,859 210,721