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REGISTERED NUMBER: 02195851 (England and Wales)









Financial Statements

for the Year Ended 31 December 2024

for

MOTACHASE LIMITED

MOTACHASE LIMITED (REGISTERED NUMBER: 02195851)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOTACHASE LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J E Chatting
H S Williams





SECRETARY: H Williams





REGISTERED OFFICE: 18 Trusham Road
Marsh Barton
Exeter
Devon
EX2 8QG





REGISTERED NUMBER: 02195851 (England and Wales)





AUDITORS: Gravita Audit Western Limited
Chartered Accountants and Statutory Auditors
3 Southernhay West
Exeter
Devon
EX1 1JG

MOTACHASE LIMITED (REGISTERED NUMBER: 02195851)

Balance Sheet
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 112,502 130,569

CURRENT ASSETS
Stocks 1,430,412 1,418,235
Debtors 6 177,210 249,631
Cash at bank and in hand 653,564 488,136
2,261,186 2,156,002
CREDITORS
Amounts falling due within one year 7 (1,609,846 ) (1,453,797 )
NET CURRENT ASSETS 651,340 702,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

763,842

832,774

CREDITORS
Amounts falling due after more than one
year

8

-

(29,167

)

PROVISIONS FOR LIABILITIES (20,483 ) (18,146 )
NET ASSETS 743,359 785,461

CAPITAL AND RESERVES
Called up share capital 132,345 132,345
Capital redemption reserve 134,321 134,321
Retained earnings 476,693 518,795
743,359 785,461

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 16 July 2025 and were signed on its behalf by:





H S Williams - Director


MOTACHASE LIMITED (REGISTERED NUMBER: 02195851)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024


1. COMPANY INFORMATION

Motachase 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover from the sale of goods and services is recognised in the Income Statement, net of discounts and value added tax, when the significant risks and rewards of ownership have been transferred to the buyer. In general this occurs when vehicles or parts have been supplied or when a service has been completed.

Commission income is accounted for on a receivable basis.

Incentives, bonuses and rebates are accounted for on a receivable basis when the terms and conditions of the contract have been met.

MOTACHASE LIMITED (REGISTERED NUMBER: 02195851)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

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

Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life:

Leasehold property-straight line over a period of 3 - 25 years

The following assets are all held within the plant and machinery category within the accounts:
Plant and machinery-straight line over a period of 3 - 25 years
Fixtures and fitting -straight line over a period of 2 - 5 years
Computer equipment-straight line over a period of 3 - 7 years
Vehicles-straight line over a period of 1 - 3 years

Stocks
New and used vehicles are valued at the lower of cost and net realisable value, after making due allowance for obsolete or slow moving items.

Stock of parts is held at purchase cost.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.


Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

MOTACHASE LIMITED (REGISTERED NUMBER: 02195851)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for staff and the directors. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Judgements and estimates
The financial statements include significant accounting estimates as follows:
Accruals and prepayments which are based on information available at the time the financial statements are approved.
Depreciation which is based on the estimate described in note 1 to the financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

MOTACHASE LIMITED (REGISTERED NUMBER: 02195851)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 January 2024 352,204 286,513 638,717
Additions 2,417 6,823 9,240
Disposals - (4,008 ) (4,008 )
At 31 December 2024 354,621 289,328 643,949
DEPRECIATION
At 1 January 2024 293,326 214,822 508,148
Charge for year 15,633 11,388 27,021
Eliminated on disposal - (3,722 ) (3,722 )
At 31 December 2024 308,959 222,488 531,447
NET BOOK VALUE
At 31 December 2024 45,662 66,840 112,502
At 31 December 2023 58,878 71,691 130,569

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,542 46,220
Amounts owed by group undertakings 85,050 100,000
Other debtors 50,618 103,411
177,210 249,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,167 50,000
Trade creditors 1,122,175 927,055
Taxation and social security 61,872 141,557
Other creditors 396,632 335,185
1,609,846 1,453,797

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 29,167

MOTACHASE LIMITED (REGISTERED NUMBER: 02195851)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 111,042 128,542
Between one and five years 221,053 366,679
332,095 495,221

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 29,167 79,167

There is a fixed and floating charge dated 24 August 2005 over all the property and assets of the company in favour of Barclays Bank Plc.

There is a fixed and floating charge dated 16 February 2024 over all the property or undertaking of the company in favour of Barclays Bank Plc.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jade Quaintance BA FCA (Senior Statutory Auditor)
for and on behalf of Gravita Audit Western Limited

12. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for staff and the directors. The pension cost charge for the period represents contributions to the scheme and amounted to £31,730 (2022 - £28,707). At the balance sheet date the pension liability was £6,224 (2022 - £5,884).

13. RELATED PARTY DISCLOSURES

H S Williams and J E Chatting have each given a limited guarantee of £100,000 and £70,000 respectively as security on any bank overdraft.

14. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Livery Dole Limited, a company incorporated in England and Wales. It's registered office address is 18 Trusham Road, Marsh Barton, Exeter, Devon, EX2 8QG.

The ultimate controlling party is HS Williams.