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REGISTERED NUMBER: 08671363 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MEND YOUR MOTOR LIMITED

MEND YOUR MOTOR LIMITED (REGISTERED NUMBER: 08671363)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEND YOUR MOTOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: D Grant
G J Grant





REGISTERED OFFICE: Shrewsbury Road
Stafford
ST17 4DL





REGISTERED NUMBER: 08671363 (England and Wales)





ACCOUNTANTS: Jeffrey C C Hoong FCCA
Hoong & Company
7 Lorian Close
Woodside Park
London
N12 7DW

MEND YOUR MOTOR LIMITED (REGISTERED NUMBER: 08671363)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 100,000
Tangible assets 5 171,161 12,759
271,161 112,759

CURRENT ASSETS
Stocks 6 20,010 25,010
Debtors 7 4,931 1,035
Cash at bank 25 222
24,966 26,267
CREDITORS
Amounts falling due within one year 8 32,421 29,460
NET CURRENT LIABILITIES (7,455 ) (3,193 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,706

109,566

CREDITORS
Amounts falling due after more than one year 9 132,324 124,756
NET ASSETS/(LIABILITIES) 131,382 (15,190 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11 131,380 (15,192 )
131,382 (15,190 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MEND YOUR MOTOR LIMITED (REGISTERED NUMBER: 08671363)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





D Grant - Director


MEND YOUR MOTOR LIMITED (REGISTERED NUMBER: 08671363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Mend Your Motor 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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
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 3 (2023 - 2 ) .

MEND YOUR MOTOR LIMITED (REGISTERED NUMBER: 08671363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 100,000
NET BOOK VALUE
At 30 September 2024 100,000
At 30 September 2023 100,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 4,500 48,082 4,637 57,219
Additions 171,000 - - 171,000
At 30 September 2024 175,500 48,082 4,637 228,219
DEPRECIATION
At 1 October 2023 1,736 38,439 4,285 44,460
Charge for year 10,553 1,928 117 12,598
At 30 September 2024 12,289 40,367 4,402 57,058
NET BOOK VALUE
At 30 September 2024 163,211 7,715 235 171,161
At 30 September 2023 2,764 9,643 352 12,759

6. STOCKS
30.9.24 30.9.23
£    £   
Stocks 20,010 25,010

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 4,931 1,035

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts (see note 10) 3,681 3,767
Trade creditors 2,692 1,054
VAT - 741
Director's loan account 22,548 22,548
Accrued expenses 3,500 1,350
32,421 29,460

MEND YOUR MOTOR LIMITED (REGISTERED NUMBER: 08671363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 132,324 124,756

10. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 3,681 3,767

11. RESERVES
Retained
earnings
£   

At 1 October 2023 (15,192 )
Profit for the year 146,572
At 30 September 2024 131,380