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REGISTERED NUMBER: 03493928 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

MOTOWORLD LIMITED

MOTOWORLD LIMITED (REGISTERED NUMBER: 03493928)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MOTOWORLD LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTOR: D G Pugh





SECRETARY: Mrs P L Pugh





REGISTERED OFFICE: 374 Atherton Road
Hindley
Wigan
Lancashire
WN2 3XD





REGISTERED NUMBER: 03493928 (England and Wales)





ACCOUNTANTS: Hayes & Co
Chartered Accountants
Suite 2 Beswick House
Greenfold Way
Leigh
Lancashire
WN7 3XJ

MOTOWORLD LIMITED (REGISTERED NUMBER: 03493928)

ABRIDGED BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 33,572 37,705

CURRENT ASSETS
Stocks 541,588 496,109
Debtors 21,190 1,800
562,778 497,909
CREDITORS
Amounts falling due within one year 243,566 178,565
NET CURRENT ASSETS 319,212 319,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,784

357,049

CREDITORS
Amounts falling due after more than one
year

(275,000

)

(275,000

)

PROVISIONS FOR LIABILITIES (450 ) (621 )
NET ASSETS 77,334 81,428

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 77,332 81,426
SHAREHOLDERS' FUNDS 77,334 81,428

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

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

MOTOWORLD LIMITED (REGISTERED NUMBER: 03493928)

ABRIDGED BALANCE SHEET - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 May 2025 and were signed by:





D G Pugh - Director


MOTOWORLD LIMITED (REGISTERED NUMBER: 03493928)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Motoworld 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.
Freehold property - 4% on cost (Land Nil)
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

3. EMPLOYEES AND DIRECTORS

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

MOTOWORLD LIMITED (REGISTERED NUMBER: 03493928)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 129,834
DEPRECIATION
At 1 June 2023 92,129
Charge for year 4,133
At 31 May 2024 96,262
NET BOOK VALUE
At 31 May 2024 33,572
At 31 May 2023 37,705