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Company Registration No. SC668854 (Scotland)
LM Motor Clinic Limited Unaudited accounts for the year ended 31 July 2024
LM Motor Clinic Limited Unaudited accounts Contents
Page
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LM Motor Clinic Limited Company Information for the year ended 31 July 2024
Director
Leigh McAvoy
Company Number
SC668854 (Scotland)
Registered Office
19 DEAN STREET KILMARNOCK KA3 1DY SCOTLAND
Accountants
BCi Accountants Suite 2/3 - 48 West George Street Glasgow Scotland G2 1BP
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LM Motor Clinic Limited Accountants' report
Accountants' report to the director of LM Motor Clinic Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LM Motor Clinic Limited for the year ended 31 July 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of LM Motor Clinic Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of LM Motor Clinic Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LM Motor Clinic Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LM Motor Clinic Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of LM Motor Clinic Limited. You consider that LM Motor Clinic Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LM Motor Clinic Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
BCi Accountants Suite 2/3 - 48 West George Street Glasgow Scotland G2 1BP 22 April 2025
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LM Motor Clinic Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
100,000 
100,000 
Tangible assets
32,171 
24,501 
132,171 
124,501 
Current assets
Inventories
2,290 
2,850 
Debtors
50,126 
15,400 
Cash at bank and in hand
32,110 
24,687 
84,526 
42,937 
Creditors: amounts falling due within one year
(62,601)
(26,191)
Net current assets
21,925 
16,746 
Total assets less current liabilities
154,096 
141,247 
Creditors: amounts falling due after more than one year
(133,223)
(116,756)
Net assets
20,873 
24,491 
Capital and reserves
Called up share capital
84,793 
84,793 
Capital contribution reserve
2,500 
2,500 
Profit and loss account
(66,420)
(62,802)
Shareholders' funds
20,873 
24,491 
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 April 2025 and were signed on its behalf by
Leigh McAvoy Director Company Registration No. SC668854
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LM Motor Clinic Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
LM Motor Clinic Limited is a private company, limited by shares, registered in Scotland, registration number SC668854. The registered office is 19 DEAN STREET, KILMARNOCK, KA3 1DY, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 Percent Straight Line Annual Depreciation
Fixtures & fittings
10 Percent Straight Line Annual Depreciation
Computer equipment
10 Percent Straight Line Annual Depreciation
Other tangible fixed assets
10 Percent Straight Line Annual Depreciation
Stock
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
These Financial Statements have been prepared on a going concern basis.
Covid 19
The Company remained open and traded throughout the Covid-19 Period providing essential servicing and repair work for Essential Workers.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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LM Motor Clinic Limited Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
100,000 
At 31 July 2024
100,000 
Amortisation
At 1 August 2023
- 
At 31 July 2024
- 
Net book value
At 31 July 2024
100,000 
At 31 July 2023
100,000 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
25,356 
3,580 
1,900 
30,836 
Additions
10,500 
- 
- 
10,500 
At 31 July 2024
35,856 
3,580 
1,900 
41,336 
Depreciation
At 1 August 2023
5,350 
795 
190 
6,335 
Charge for the year
2,500 
330 
- 
2,830 
At 31 July 2024
7,850 
1,125 
190 
9,165 
Net book value
At 31 July 2024
28,006 
2,455 
1,710 
32,171 
At 31 July 2023
20,006 
2,785 
1,710 
24,501 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
50,126 
(13,200)
Amounts falling due after more than one year
Trade debtors
- 
28,600 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,500 
1,350 
Trade creditors
21,101 
14,841 
Amounts owed to group undertakings and other participating interests
35,000 
10,000 
62,601 
26,191 
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LM Motor Clinic Limited Notes to the Accounts for the year ended 31 July 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
106,000 
98,000 
Loans from directors
27,223 
18,756 
133,223 
116,756 
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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