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REGISTERED NUMBER: 12123054 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Home-MOT Ltd

Home-MOT Ltd (Registered number: 12123054)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Home-MOT Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: S Rafferty





REGISTERED OFFICE: 5 Victoria Buildings
Victoria Road
Freshfield
Liverpool
Merseyside
L37 7DB





REGISTERED NUMBER: 12123054 (England and Wales)





ACCOUNTANTS: Harding & Humphries
5 Victoria Buildings
Victoria Road
Freshfield
Liverpool
Merseyside
L37 7DB

Home-MOT Ltd (Registered number: 12123054)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,474 9,132

CURRENT ASSETS
Debtors 5 674 -
Cash at bank 8,813 6,378
9,487 6,378
CREDITORS
Amounts falling due within one year 6 23,898 19,580
NET CURRENT LIABILITIES (14,411 ) (13,202 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,937

)

(4,070

)

CREDITORS
Amounts falling due after more than one
year

7

15,256

16,204
NET LIABILITIES (22,193 ) (20,274 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (22,194 ) (20,275 )
SHAREHOLDERS' FUNDS (22,193 ) (20,274 )

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 director acknowledges his 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 director and authorised for issue on 10 April 2025 and were signed by:





S Rafferty - Director


Home-MOT Ltd (Registered number: 12123054)

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

1. STATUTORY INFORMATION

Home-MOT 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.

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 - 25% on reducing balance

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.

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.

Going concern
The company's balance sheet shows a deficit in terms of assets less liabilities thereby creating uncertainty regarding the company's future. The accounts have been prepared on a going concern basis though as this is deemed appropriate because the director's loan account credit balance is largely funding the company's current deficit and the director has agreed not to seek repayment of the outstanding balance until such times as the company is solvent and has sufficient funds to repay the loan balance.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Home-MOT Ltd (Registered number: 12123054)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2023 21,226
Additions 833
At 31 July 2024 22,059
DEPRECIATION
At 1 August 2023 12,094
Charge for year 2,491
At 31 July 2024 14,585
NET BOOK VALUE
At 31 July 2024 7,474
At 31 July 2023 9,132

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 420 -
Other debtors 56 -
Prepayments 198 -
674 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 2,778 2,778
Trade creditors 3,299 42
Net pay control account - 34
Nest pension 97 -
Social security and other taxes 177 (3 )
Directors' current accounts 13,707 15,169
Accruals and deferred income 3,840 1,560
23,898 19,580

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 2-5 years 11,111 11,111
Bank loans more 5 yr by instal 4,145 5,093
15,256 16,204

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,145 5,093

Home-MOT Ltd (Registered number: 12123054)

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

8. CALLED UP SHARE CAPITAL

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