Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312023-09-01falseNo description of principal activity56falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10200906 2023-09-01 2024-08-31 10200906 2022-09-01 2023-08-31 10200906 2024-08-31 10200906 2023-08-31 10200906 2022-09-01 10200906 c:Director3 2023-09-01 2024-08-31 10200906 d:OfficeEquipment 2023-09-01 2024-08-31 10200906 d:OfficeEquipment 2024-08-31 10200906 d:OfficeEquipment 2023-08-31 10200906 d:CurrentFinancialInstruments 2024-08-31 10200906 d:CurrentFinancialInstruments 2023-08-31 10200906 d:Non-currentFinancialInstruments 2024-08-31 10200906 d:Non-currentFinancialInstruments 2023-08-31 10200906 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10200906 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10200906 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10200906 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10200906 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 10200906 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 10200906 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 10200906 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 10200906 d:ShareCapital 2023-09-01 2024-08-31 10200906 d:ShareCapital 2024-08-31 10200906 d:ShareCapital 2022-09-01 2023-08-31 10200906 d:ShareCapital 2023-08-31 10200906 d:ShareCapital 2022-09-01 10200906 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 10200906 d:RetainedEarningsAccumulatedLosses 2024-08-31 10200906 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 10200906 d:RetainedEarningsAccumulatedLosses 2023-08-31 10200906 d:RetainedEarningsAccumulatedLosses 2022-09-01 10200906 c:FRS102 2023-09-01 2024-08-31 10200906 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10200906 c:FullAccounts 2023-09-01 2024-08-31 10200906 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10200906 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 10200906









MOTORHOUSE GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
MOTORHOUSE GROUP LIMITED
REGISTERED NUMBER: 10200906

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 5 
638,286
757,210

Debtors: amounts falling due within one year
 6 
154,455
171,761

Cash at bank and in hand
 7 
225,716
41,898

  
1,018,457
970,869

Creditors: amounts falling due within one year
 8 
(550,312)
(579,019)

Net current assets
  
 
 
468,145
 
 
391,850

Total assets less current liabilities
  
468,145
391,850

Creditors: amounts falling due after more than one year
 9 
(8,333)
(18,333)

  

Net assets
  
459,812
373,517


Capital and reserves
  

Called up share capital 
  
8
8

Profit and loss account
  
459,804
373,509

  
459,812
373,517


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Page 1

 
MOTORHOUSE GROUP LIMITED
REGISTERED NUMBER: 10200906
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

................................................
N Dimery
Director
Date: 18 June 2025

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 
MOTORHOUSE GROUP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 September 2023
8
373,509
373,517


Comprehensive income for the year

Profit for the year

-
176,295
176,295


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
176,295
176,295


Contributions by and distributions to owners

Dividends: Equity capital
-
(90,000)
(90,000)


Total transactions with owners
-
(90,000)
(90,000)


At 31 August 2024
8
459,804
459,812


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
MOTORHOUSE GROUP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 September 2022
8
325,933
325,941


Comprehensive income for the year

Profit for the year

-
137,576
137,576


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
137,576
137,576


Contributions by and distributions to owners

Dividends: Equity capital
-
(90,000)
(90,000)


Total transactions with owners
-
(90,000)
(90,000)


At 31 August 2023
8
373,509
373,517


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
MOTORHOUSE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Motorhouse Group Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is C/O Hillier Hopkins LLP, 249 Silbury Boulevard, Milton Keynes, MK9 1NA.
The Company's principal activity is that of selling used cars and light motor vehicles.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

Page 5

 
MOTORHOUSE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 6

 
MOTORHOUSE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 7

 
MOTORHOUSE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
5
6

Page 8

 
MOTORHOUSE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2023
5,708



At 31 August 2024

5,708



Depreciation


At 1 September 2023
5,708



At 31 August 2024

5,708



Net book value



At 31 August 2024
-



At 31 August 2023
-


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
638,286
757,210

638,286
757,210



6.


Debtors

2024
2023
£
£


Trade debtors
146,167
163,473

Other debtors
8,288
8,288

154,455
171,761


Page 9

 
MOTORHOUSE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
225,716
41,898

225,716
41,898



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
149,080
143,266

Corporation tax
132,354
70,001

Other taxation and social security
36,696
28,866

Other creditors
214,179
319,058

Accruals and deferred income
8,003
7,828

550,312
579,019



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,333
18,333

8,333
18,333


Page 10

 
MOTORHOUSE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
8,333
-


8,333
-

Amounts falling due 2-5 years

Bank loans
-
18,333


-
18,333


18,333
28,333

 
Page 11