Company Registration No. 07389438 (England and Wales)
Motorline Engineering Limited
Unaudited accounts
for the year ended 30 September 2024
Motorline Engineering Limited
Company Information
for the year ended 30 September 2024
Company Number
07389438 (England and Wales)
Registered Office
The Workshop
Heighton Street
Firle
East Sussex
BN8 6NZ
Accountants
Maiden Accountancy Services
95 Seaside Road
Eastbourne
East Sussex
BN21 3PL
Motorline Engineering Limited
Statement of financial position
as at 30 September 2024
Tangible assets
18,232
19,265
Cash at bank and in hand
4,156
11,879
Creditors: amounts falling due within one year
(62,198)
(65,180)
Net current assets
27,378
37,309
Total assets less current liabilities
45,610
56,574
Creditors: amounts falling due after more than one year
(45,456)
(56,395)
Called up share capital
51
51
Profit and loss account
103
128
Shareholders' funds
154
179
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 December 2024 and were signed on its behalf by
Mark Pilfold
Director
Company Registration No. 07389438
Motorline Engineering Limited
Notes to the Accounts
for the year ended 30 September 2024
Motorline Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 07389438. The registered office is The Workshop, Heighton Street, Firle, East Sussex, BN8 6NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 September 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Intangible fixed assets
Goodwill
At 30 September 2024
57,146
At 30 September 2024
57,146
Motorline Engineering Limited
Notes to the Accounts
for the year ended 30 September 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2023
59,867
18,865
78,732
At 30 September 2024
59,867
18,865
78,732
At 1 October 2023
42,496
16,971
59,467
Charge for the year
560
473
1,033
At 30 September 2024
43,056
17,444
60,500
At 30 September 2024
16,811
1,421
18,232
At 30 September 2023
17,371
1,894
19,265
Amounts falling due within one year
Trade debtors
62,670
67,098
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
10,617
Trade creditors
22,650
18,332
Taxes and social security
10,872
10,918
Other creditors
16,648
15,452
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).