Middleton MOT Centre Limited 05560306 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of vehicle MOT testing and motor vehicle repairs Digita Accounts Production Advanced 6.30.9574.0 true 05560306 2023-10-01 2024-09-30 05560306 2024-09-30 05560306 core:RetainedEarningsAccumulatedLosses 2024-09-30 05560306 core:ShareCapital 2024-09-30 05560306 core:CurrentFinancialInstruments 2024-09-30 05560306 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 05560306 core:MotorVehicles 2024-09-30 05560306 core:OfficeEquipment 2024-09-30 05560306 core:PlantMachinery 2024-09-30 05560306 bus:SmallEntities 2023-10-01 2024-09-30 05560306 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05560306 bus:FilletedAccounts 2023-10-01 2024-09-30 05560306 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05560306 bus:RegisteredOffice 2023-10-01 2024-09-30 05560306 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 05560306 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05560306 core:MotorVehicles 2023-10-01 2024-09-30 05560306 core:OfficeEquipment 2023-10-01 2024-09-30 05560306 core:PlantMachinery 2023-10-01 2024-09-30 05560306 countries:England 2023-10-01 2024-09-30 05560306 2023-09-30 05560306 core:MotorVehicles 2023-09-30 05560306 core:OfficeEquipment 2023-09-30 05560306 core:PlantMachinery 2023-09-30 05560306 2022-10-01 2023-09-30 05560306 2023-09-30 05560306 core:RetainedEarningsAccumulatedLosses 2023-09-30 05560306 core:ShareCapital 2023-09-30 05560306 core:CurrentFinancialInstruments 2023-09-30 05560306 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 05560306 core:MotorVehicles 2023-09-30 05560306 core:OfficeEquipment 2023-09-30 05560306 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 05560306

Middleton MOT Centre Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Middleton MOT Centre Limited

Contents

Statement of Financial Position

1

Notes to the Financial Statements

2 to 5

 

Middleton MOT Centre Limited

(Registration number: 05560306)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,564

2,562

Current assets

 

Stocks

5

-

1,000

Debtors

6

30,697

15,608

Cash at bank and in hand

 

456,555

424,167

 

487,252

440,775

Creditors: Amounts falling due within one year

7

(97,356)

(71,020)

Net current assets

 

389,896

369,755

Net assets

 

393,460

372,317

Capital and reserves

 

Called up share capital

1

1

Retained earnings

393,459

372,316

Shareholders' funds

 

393,460

372,317

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 10 June 2025 and signed on its behalf by:
 

.........................................
P J McGarry
Company secretary and director

   
     
 

Middleton MOT Centre Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
151 Oldham Road
Middleton
Manchester
M24 2LD

These financial statements were authorised for issue by the Board on 10 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity; and
Specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

 

Middleton MOT Centre Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Motor vehicles

25% straight line

Office equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Middleton MOT Centre Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

43,515

1,578

6,025

51,118

Additions

2,948

1,342

-

4,290

At 30 September 2024

46,463

2,920

6,025

55,408

Depreciation

At 1 October 2023

40,953

1,578

6,025

48,556

Charge for the year

2,840

448

-

3,288

At 30 September 2024

43,793

2,026

6,025

51,844

Carrying amount

At 30 September 2024

2,670

894

-

3,564

At 30 September 2023

2,562

-

-

2,562

5

Stocks

2024
£

2023
£

Other inventories

-

1,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

29,837

15,608

Prepayments

860

-

 

30,697

15,608

 

Middleton MOT Centre Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

14,434

11,384

Amounts due to related parties

2,651

2,648

Taxation and social security

 

14,065

12,604

Other creditors

 

66,206

44,384

 

97,356

71,020