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REGISTERED NUMBER: 15440820 (England and Wales)











Unaudited Financial Statements

for the Period

24 January 2024 to 31 December 2024

for

Motaparts Xpress (Worcester) Limited

Motaparts Xpress (Worcester) Limited (Registered number: 15440820)






Contents of the Financial Statements
for the Period 24 January 2024 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Motaparts Xpress (Worcester) Limited

Company Information
for the Period 24 January 2024 to 31 December 2024







DIRECTORS: A P Rollings
O J Edwards





REGISTERED OFFICE: Leofric House
18b Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 15440820 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Motaparts Xpress (Worcester) Limited (Registered number: 15440820)

Balance Sheet
31 December 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 181,759

CURRENT ASSETS
Stocks 348,226
Debtors 5 337,492
Cash at bank and in hand 120,866
806,584
CREDITORS
Amounts falling due within one year 6 1,023,972
NET CURRENT LIABILITIES (217,388 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,629

)

PROVISIONS FOR LIABILITIES 15,837
NET LIABILITIES (51,466 )

CAPITAL AND RESERVES
Called up share capital 133
Share premium 24,967
Retained earnings (76,566 )
(51,466 )

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

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

Motaparts Xpress (Worcester) Limited (Registered number: 15440820)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:




A P Rollings - Director



O J Edwards - Director


Motaparts Xpress (Worcester) Limited (Registered number: 15440820)

Notes to the Financial Statements
for the Period 24 January 2024 to 31 December 2024

1. STATUTORY INFORMATION

Motaparts Xpress (Worcester) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 represents sales to external customers at invoiced amounts less value added tax and agreed rebates and is recognised on delivery of the goods.

Sales of goods - Branch customers on account:

The company sells a range of products for customers on account through its branch network . Sales of goods are recognised on delivery to the customer, when there is no unfulfilled obligation that could affect the customer's acceptance of the product. Delivery occurs when the goods have been shipped to the location specified by the customer, or picked up by the customer in the branch, the risks of obsolescence or loss have been transferred to the customer, the customer has accepted the products in accordance with the sales contract, the acceptance provisions have lapsed or the company has objective evidence that all criteria for acceptance have been satisfied.

Sales of goods - Branch retail customers:

The company makes retail sales through its branch network . Sales of goods are recognised on sale to the customer, which is considered the point of delivery. Retail sales are usually by cash, credit or payment card.

Sales are made to retail customers with a right to return within 28 days, subject to certain conditions regarding usage of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 5 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Motaparts Xpress (Worcester) Limited (Registered number: 15440820)

Notes to the Financial Statements - continued
for the Period 24 January 2024 to 31 December 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
Additions 132,938 2,081 60,800 9,149 204,968
At 31 December 2024 132,938 2,081 60,800 9,149 204,968
DEPRECIATION
Charge for period 14,528 303 7,207 1,171 23,209
At 31 December 2024 14,528 303 7,207 1,171 23,209
NET BOOK VALUE
At 31 December 2024 118,410 1,778 53,593 7,978 181,759

Motaparts Xpress (Worcester) Limited (Registered number: 15440820)

Notes to the Financial Statements - continued
for the Period 24 January 2024 to 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 225,145
Other debtors 12,336
VAT 90,432
Prepayments 9,579
337,492

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 888,567
Amounts owed to group undertakings 125,965
Social security and other taxes 857
Other creditors 540
Pension Creditor 489
Accrued expenses 7,554
1,023,972

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A P Rollings by virtue of his majority shareholding in the parent company.