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REGISTERED NUMBER: 09626746 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Motaparts Xpress Limited

Motaparts Xpress Limited (Registered number: 09626746)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Motaparts Xpress Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: A P Rollings





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 09626746 (England and Wales)





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

Motaparts Xpress Limited (Registered number: 09626746)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 414,873 501,702
Investments 5 100 -
414,973 501,702

CURRENT ASSETS
Stocks 789,001 806,805
Debtors 6 2,095,902 1,341,113
Cash at bank and in hand 1,796,198 1,205,942
4,681,101 3,353,860
CREDITORS
Amounts falling due within one year 7 1,507,643 1,186,847
NET CURRENT ASSETS 3,173,458 2,167,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,588,431

2,668,715

PROVISIONS FOR LIABILITIES 96,941 117,112
NET ASSETS 3,491,490 2,551,603

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,491,390 2,551,503
3,491,490 2,551,603

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

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

Motaparts Xpress Limited (Registered number: 09626746)

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 director and authorised for issue on 8 April 2025 and were signed by:





A P Rollings - Director


Motaparts Xpress Limited (Registered number: 09626746)

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

1. STATUTORY INFORMATION

Motaparts Xpress 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 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 - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Limited (Registered number: 09626746)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 54 (2023 - 50 ) .

Motaparts Xpress Limited (Registered number: 09626746)

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

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2024 1,250 104,552 22,315
Additions - - 392
At 31 December 2024 1,250 104,552 22,707
DEPRECIATION
At 1 January 2024 - 21,805 3,444
Charge for year - 20,697 4,770
At 31 December 2024 - 42,502 8,214
NET BOOK VALUE
At 31 December 2024 1,250 62,050 14,493
At 31 December 2023 1,250 82,747 18,871

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 163,559 395,329 52,394 739,399
Additions 15,094 33,000 3,374 51,860
At 31 December 2024 178,653 428,329 55,768 791,259
DEPRECIATION
At 1 January 2024 60,097 124,103 28,248 237,697
Charge for year 29,080 75,598 8,544 138,689
At 31 December 2024 89,177 199,701 36,792 376,386
NET BOOK VALUE
At 31 December 2024 89,476 228,628 18,976 414,873
At 31 December 2023 103,462 271,226 24,146 501,702

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100

Motaparts Xpress Limited (Registered number: 09626746)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,720,547 1,137,483
Amounts owed by group undertakings 131,762 -
Other debtors 243,593 203,630
2,095,902 1,341,113

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 867,837 646,439
Taxation and social security 602,565 396,932
Other creditors 37,241 143,476
1,507,643 1,186,847

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 74,022 108,500
Between one and five years 14,000 101,074
88,022 209,574

The above lease amounts due are in relation to the 4 properties that the company occupies. These leases are all on a standard 5 year lease with a break clause in place after year 3.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
A P Rollings
Balance outstanding at start of year (110,000 ) -
Amounts advanced 115,786 5,000
Amounts repaid (5,786 ) (115,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (110,000 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party was Mr A P Rollings by virtue of his shareholding in the majority parent company Stratton and Sloothby Limited.