13 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false true true true false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05883568 2023-10-01 2024-09-30 05883568 2024-09-30 05883568 2023-09-30 05883568 2022-10-01 2023-09-30 05883568 2023-09-30 05883568 2022-09-30 05883568 core:PlantMachinery 2023-10-01 2024-09-30 05883568 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 05883568 core:MotorVehicles 2023-10-01 2024-09-30 05883568 core:NetGoodwill 2023-10-01 2024-09-30 05883568 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05883568 bus:Director1 2023-10-01 2024-09-30 05883568 core:NetGoodwill 2023-09-30 05883568 core:NetGoodwill 2024-09-30 05883568 core:PlantMachinery 2023-09-30 05883568 core:FurnitureFittingsToolsEquipment 2023-09-30 05883568 core:MotorVehicles 2023-09-30 05883568 core:PlantMachinery 2024-09-30 05883568 core:FurnitureFittingsToolsEquipment 2024-09-30 05883568 core:MotorVehicles 2024-09-30 05883568 core:WithinOneYear 2024-09-30 05883568 core:WithinOneYear 2023-09-30 05883568 core:ShareCapital 2024-09-30 05883568 core:ShareCapital 2023-09-30 05883568 core:RetainedEarningsAccumulatedLosses 2024-09-30 05883568 core:RetainedEarningsAccumulatedLosses 2023-09-30 05883568 bus:OrdinaryShareClass1 core:ShareCapital 2024-09-30 05883568 bus:OrdinaryShareClass1 core:ShareCapital 2023-09-30 05883568 core:NetGoodwill 2023-09-30 05883568 core:PlantMachinery 2023-09-30 05883568 core:FurnitureFittingsToolsEquipment 2023-09-30 05883568 core:MotorVehicles 2023-09-30 05883568 bus:SmallEntities 2023-10-01 2024-09-30 05883568 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05883568 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05883568 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05883568 bus:FullAccounts 2023-10-01 2024-09-30
Company registration number: 05883568
H & C Motors Limited
Unaudited filleted financial statements
30 September 2024
H & C Motors Limited
Contents
Statement of financial position
Notes to the financial statements
H & C Motors Limited
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 3 2,586 3,961
Tangible assets 4 50,332 50,652
_______ _______
52,918 54,613
Current assets
Stocks 4,000 4,000
Debtors 5 119,094 132,728
Cash at bank and in hand 154,749 213,429
_______ _______
277,843 350,157
Creditors: amounts falling due
within one year 6 ( 170,396) ( 188,289)
_______ _______
Net current assets 107,447 161,868
_______ _______
Total assets less current liabilities 160,365 216,481
_______ _______
Net assets 160,365 216,481
_______ _______
Capital and reserves
Called up share capital 7 100 100
Profit and loss account 160,265 216,381
_______ _______
Shareholders funds 160,365 216,481
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 April 2025 , and are signed on behalf of the board by:
Mrs Lisa Micallef Mr Gary Micallef
Director Director
Company registration number: 05883568
H & C Motors Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
H & C Motors Limited (Company number 05883568 ) is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 West Court, Enterprise Road, Maidstone, Kent, ME15 6JD.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from services rendered are recognised when the significant risks and rewards of ownership have transferred to the customer. Services redered are in the form of vehicle repairs and servicing, including MOT testing.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Stocks for H & C Motors Limited are in the form of small parts which are held to complete vehicle repairs and MOT testing.
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
2. Employee numbers
The average number of persons employed by the company, including directors, during the year amounted to 13 (2023: 11).
3. Intangible assets
Goodwill Total
£ £
Cost
At 1 October 2023 and 30 September 2024 42,450 42,450
_______ _______
Amortisation
At 1 October 2023 38,489 38,489
Charge for the year 1,375 1,375
_______ _______
At 30 September 2024 39,864 39,864
_______ _______
Carrying amount
At 30 September 2024 2,586 2,586
_______ _______
At 30 September 2023 3,961 3,961
_______ _______
4. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 18,297 53,862 56,700 128,859
Additions 13,157 2,299 - 15,456
Disposals - ( 4,952) - ( 4,952)
_______ _______ _______ _______
At 30 September 2024 31,454 51,209 56,700 139,363
_______ _______ _______ _______
Depreciation
At 1 October 2023 15,290 47,438 15,479 78,207
Charge for the year 2,811 1,814 10,306 14,931
Disposals - ( 4,107) - ( 4,107)
_______ _______ _______ _______
At 30 September 2024 18,101 45,145 25,785 89,031
_______ _______ _______ _______
Carrying amount
At 30 September 2024 13,353 6,064 30,915 50,332
_______ _______ _______ _______
At 30 September 2023 3,007 6,424 41,221 50,652
_______ _______ _______ _______
5. Debtors
2024 2023
£ £
Trade debtors 8,703 29,259
Other debtors 110,391 103,469
_______ _______
119,094 132,728
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 66,682 64,129
Social security and other taxes 11,972 68,143
Other creditors 91,742 56,017
_______ _______
170,396 188,289
_______ _______
7. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______