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REGISTERED NUMBER: 14173460 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

MOTORTECK LTD

MOTORTECK LTD (REGISTERED NUMBER: 14173460)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOTORTECK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr M L Abrahams





REGISTERED OFFICE: 50 The Green
Dartford
Kent
DA2 6JT





REGISTERED NUMBER: 14173460 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

MOTORTECK LTD (REGISTERED NUMBER: 14173460)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 7,400 8,325
Tangible assets 5 15,829 21,106
23,229 29,431

CURRENT ASSETS
Stocks 575 675
Debtors 6 1,932 250
Cash at bank 2,096 5,951
4,603 6,876
CREDITORS
Amounts falling due within one year 7 25,697 15,013
NET CURRENT LIABILITIES (21,094 ) (8,137 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,135

21,294

CREDITORS
Amounts falling due after more than one
year

8

35,076

38,173
NET LIABILITIES (32,941 ) (16,879 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (32,942 ) (16,880 )
SHAREHOLDERS' FUNDS (32,941 ) (16,879 )

MOTORTECK LTD (REGISTERED NUMBER: 14173460)

BALANCE SHEET - continued
31 JULY 2024


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 29 April 2025 and were signed by:





Mr M L Abrahams - Director


MOTORTECK LTD (REGISTERED NUMBER: 14173460)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Motorteck 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

MOTORTECK LTD (REGISTERED NUMBER: 14173460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 9,250
AMORTISATION
At 1 August 2023 925
Charge for year 925
At 31 July 2024 1,850
NET BOOK VALUE
At 31 July 2024 7,400
At 31 July 2023 8,325

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 28,142
DEPRECIATION
At 1 August 2023 7,036
Charge for year 5,277
At 31 July 2024 12,313
NET BOOK VALUE
At 31 July 2024 15,829
At 31 July 2023 21,106

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,932 250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 301 -
Taxation and social security 2,558 513
Other creditors 22,838 14,500
25,697 15,013

MOTORTECK LTD (REGISTERED NUMBER: 14173460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 25,507 27,428
Other creditors 9,569 10,745
35,076 38,173