Thatcham MOT & Service Centre Limited 07989034 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is retailers of MOT and motor vehicle services. Digita Accounts Production Advanced 6.30.9574.0 true false true 07989034 2023-11-01 2024-10-31 07989034 2024-10-31 07989034 core:CurrentFinancialInstruments 2024-10-31 07989034 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 07989034 core:MotorVehicles 2024-10-31 07989034 core:OfficeEquipment 2024-10-31 07989034 core:PlantMachinery 2024-10-31 07989034 bus:SmallEntities 2023-11-01 2024-10-31 07989034 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07989034 bus:FilletedAccounts 2023-11-01 2024-10-31 07989034 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07989034 bus:RegisteredOffice 2023-11-01 2024-10-31 07989034 bus:Director3 2023-11-01 2024-10-31 07989034 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07989034 core:MotorVehicles 2023-11-01 2024-10-31 07989034 core:OfficeEquipment 2023-11-01 2024-10-31 07989034 core:PlantMachinery 2023-11-01 2024-10-31 07989034 core:OtherRelatedParties 2023-11-01 2024-10-31 07989034 1 2023-11-01 2024-10-31 07989034 countries:EnglandWales 2023-11-01 2024-10-31 07989034 2023-10-31 07989034 core:MotorVehicles 2023-10-31 07989034 core:OfficeEquipment 2023-10-31 07989034 core:PlantMachinery 2023-10-31 07989034 2022-11-01 2023-10-31 07989034 2023-10-31 07989034 core:CurrentFinancialInstruments 2023-10-31 07989034 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 07989034 core:MotorVehicles 2023-10-31 07989034 core:OfficeEquipment 2023-10-31 07989034 core:PlantMachinery 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 07989034

Thatcham MOT & Service Centre Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Thatcham MOT & Service Centre Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Thatcham MOT & Service Centre Limited

(Registration number: 07989034)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

10,380

13,841

Current assets

 

Stocks

5

7,500

7,500

Debtors

6

210,458

166,729

Cash at bank and in hand

 

92,710

109,840

 

310,668

284,069

Creditors: Amounts falling due within one year

7

(53,665)

(50,743)

Net current assets

 

257,003

233,326

Total assets less current liabilities

 

267,383

247,167

Provisions for liabilities

(2,350)

(3,161)

Net assets

 

265,033

244,006

Capital and reserves

 

Called up share capital

1

1

Retained earnings

265,032

244,005

Shareholders' funds

 

265,033

244,006

 

Thatcham MOT & Service Centre Limited

(Registration number: 07989034)
Balance Sheet as at 31 October 2024

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 July 2025
 

.........................................
Mr Paul Martin Legassick
Director

 

Thatcham MOT & Service Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for mots and vehicle servicing. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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.

 

Thatcham MOT & Service Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehiclees

25% per annum of net book value

Plant and machinery

25% per annum of net book value

Office equipment

25% per annum of net book value

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.

Debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 the director) during the year, was 6 (2023 - 6).

 

Thatcham MOT & Service Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

25,911

1,065

4,726

31,702

At 31 October 2024

25,911

1,065

4,726

31,702

Depreciation

At 1 November 2023

13,875

724

3,262

17,861

Charge for the year

3,009

85

367

3,461

At 31 October 2024

16,884

809

3,629

21,322

Carrying amount

At 31 October 2024

9,027

256

1,097

10,380

At 31 October 2023

12,036

341

1,464

13,841

5

Stocks

2024
£

2023
£

Other inventories

7,500

7,500

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

3,910

1,012

Amounts owed by group undertakings

8

204,187

162,394

Other debtors

 

2,361

3,323

   

210,458

166,729

 

Thatcham MOT & Service Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

30,101

30,081

Taxation and social security

16,841

14,400

Other creditors

6,723

6,262

53,665

50,743

8

Related party transactions

Transactions with the director

Summary of transactions with other related parties

CCS Car Sales Limited (a company under common control). At the balance sheet date the amount due from CCS Car Sales Limited was £16,422 (2023 - 11,488).

PML Holdings Limited (parent company). At the balance sheet date the amount due from PML Holdings Limited was £187,765 (2023 - £150,905).

 

9

Parent and ultimate parent undertaking

The ultimate controlling party is PML Holdings Ltd.