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REGISTERED NUMBER: 05573816 (England and Wales)















MOTOR TRADE TECHNOLOGIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






MOTOR TRADE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05573816)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOTOR TRADE TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: I H Roberts
B M Roberts
G K Roberts





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 05573816 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

MOTOR TRADE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05573816)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 203 239
Investments 5 108 108
311 347

CURRENT ASSETS
Debtors 6 681,929 529,510
Cash at bank 12,870 18,345
694,799 547,855
CREDITORS
Amounts falling due within one year 7 2,066,188 1,829,869
NET CURRENT LIABILITIES (1,371,389 ) (1,282,014 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,371,078

)

(1,281,667

)

CREDITORS
Amounts falling due after more than one
year

8

(2,646,603

)

(2,743,353

)

PROVISIONS FOR LIABILITIES (51 ) -
NET LIABILITIES (4,017,732 ) (4,025,020 )

MOTOR TRADE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05573816)

BALANCE SHEET - continued
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2,500 2,500
Share premium 22,500 22,500
Retained earnings (4,042,732 ) (4,050,020 )
SHAREHOLDERS' FUNDS (4,017,732 ) (4,025,020 )

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th April 2025 and were signed on its behalf by:





B M Roberts - Director


MOTOR TRADE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05573816)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Motor Trade Technologies 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Motor Trade Technologies Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


MOTOR TRADE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05573816)

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

2. ACCOUNTING POLICIES - continued
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.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st January 2024
and 31st December 2024 730
DEPRECIATION
At 1st January 2024 491
Charge for year 36
At 31st December 2024 527
NET BOOK VALUE
At 31st December 2024 203
At 31st December 2023 239

MOTOR TRADE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05573816)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1st January 2024
and 31st December 2024 108
NET BOOK VALUE
At 31st December 2024 108
At 31st December 2023 108

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 282,170 302,135
Other debtors 98,524 55,609
Directors' current accounts 291,922 164,766
Prepayments 9,313 7,000
681,929 529,510

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,984,347 1,737,555
Corporation Tax 45,279 56,360
Social security and other taxes 470 494
VAT 11,357 12,282
Other creditors (530 ) 210
Accruals and deferred income 25,265 22,968
2,066,188 1,829,869

The fixed and floating charge held by the bank over all the company assets, registered on 4 January 2006, has been fully satisfied.

MOTOR TRADE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 05573816)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Shareholder loan 1,691,603 1,788,353
Preference shares 955,000 955,000
2,646,603 2,743,353

Amounts falling due in more than five years:

Repayable by instalments
Preference shares 955,000 955,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25,000 Ordinary shares 10p 2,500 2,500

10. RELATED PARTY DISCLOSURES

Included within creditors are the following balances due to group undertakings; Reggin Computers
Limited £112,052 (2023: £112,052), Stafford Computer Technology Limited £902,217 (2023 £1,004,695
), HR Project Management Limited £586,669 (2023: £401,788), Demetae Limited £383,411 (2023:
£219,020).

Included within debtors are the following balances due from group undertakings; Mobile Tracking Systems Limited £282,171 (2023: £302,135).

At year end, the company was owed £291,922 (2023: £164,766) from the director B M Roberts.

11. GOING CONCERN

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis preparing its financial statements.