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REGISTERED NUMBER: 07173238 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Motorwise (MOTS) Ltd

Motorwise (MOTS) Ltd (Registered number: 07173238)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Motorwise (MOTS) Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M S Smith





REGISTERED OFFICE: 2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX





REGISTERED NUMBER: 07173238 (England and Wales)





ACCOUNTANTS: PB Associates
Chartered Accountants and Chartered Tax Advisers
2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX

Motorwise (MOTS) Ltd (Registered number: 07173238)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 18,288 20,275

CURRENT ASSETS
Stocks 11,053 11,278
Debtors 5 23,993 19,328
Cash at bank - 3,448
35,046 34,054
CREDITORS
Amounts falling due within one year 6 79,308 76,387
NET CURRENT LIABILITIES (44,262 ) (42,333 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,974

)

(22,058

)

CREDITORS
Amounts falling due after more than one
year

7

16,258

22,902
NET LIABILITIES (42,232 ) (44,960 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (42,233 ) (44,961 )
SHAREHOLDERS' FUNDS (42,232 ) (44,960 )

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

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

Motorwise (MOTS) Ltd (Registered number: 07173238)

Balance Sheet - continued
31 August 2024


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 11 June 2025 and were signed by:





M S Smith - Director


Motorwise (MOTS) Ltd (Registered number: 07173238)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Motorwise (MOTS) 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 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.

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.

Motorwise (MOTS) Ltd (Registered number: 07173238)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 5,821 24,970 527 13,050 44,368
DEPRECIATION
At 1 September 2023 - 14,045 518 9,530 24,093
Charge for year - 1,103 4 880 1,987
At 31 August 2024 - 15,148 522 10,410 26,080
NET BOOK VALUE
At 31 August 2024 5,821 9,822 5 2,640 18,288
At 31 August 2023 5,821 10,925 9 3,520 20,275

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 13,683 10,328
Prepayments 1,310 -
Rent deposit 9,000 9,000
23,993 19,328

Motorwise (MOTS) Ltd (Registered number: 07173238)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 7,629 -
Trade creditors 33,876 43,018
Directors loan account 23,886 20,335
Corporation tax 8,717 8,717
Social security and other taxes 2,490 2,252
VAT 2,710 2,065
79,308 76,387

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2-5 years 16,258 22,902

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary One pound shares £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 September 2023 (44,961 )
Profit for the year 2,728
At 31 August 2024 (42,233 )