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REGISTERED NUMBER: 00916269 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Merseyside Automotive Centres Limited

Merseyside Automotive Centres Limited (Registered number: 00916269)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Merseyside Automotive Centres Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: S Callow
Mrs I Callow





SECRETARY: Mrs I Callow





REGISTERED OFFICE: Chadburn House, Rear of Arnos House
Wakefield Road
Bootle
Liverpool
L30 6TZ





REGISTERED NUMBER: 00916269 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Merseyside Automotive Centres Limited (Registered number: 00916269)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 77,502 91,221

CURRENT ASSETS
Stocks 7,350 7,800
Debtors 5 184,510 181,725
Cash at bank and in hand 42,792 45,820
234,652 235,345
CREDITORS
Amounts falling due within one year 6 39,565 51,983
NET CURRENT ASSETS 195,087 183,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,589

274,583

CREDITORS
Amounts falling due after more than one
year

7

(21,597

)

(31,567

)

PROVISIONS FOR LIABILITIES (6,971 ) (4,519 )
NET ASSETS 244,021 238,497

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 242,021 236,497
SHAREHOLDERS' FUNDS 244,021 238,497

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

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

Merseyside Automotive Centres Limited (Registered number: 00916269)

Balance Sheet - continued
31 July 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 28 July 2025 and were signed on its behalf by:





S Callow - Director


Merseyside Automotive Centres Limited (Registered number: 00916269)

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

1. STATUTORY INFORMATION

Merseyside Automotive Centres 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.

Tangible fixed assets
Plant and Machinery - 20% reducing balance
Motor Vehicles- 25% reducing balance
Land and buildings - 2% on cost

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.

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 4 (2023 - 4 ) .

Merseyside Automotive Centres Limited (Registered number: 00916269)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 August 2023
and 31 July 2024 46,379 375,168 421,547
DEPRECIATION
At 1 August 2023 17,521 312,805 330,326
Charge for year 854 12,865 13,719
At 31 July 2024 18,375 325,670 344,045
NET BOOK VALUE
At 31 July 2024 28,004 49,498 77,502
At 31 July 2023 28,858 62,363 91,221

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Trade debtors 66,599 62,485
Other debtors 117,911 119,240
184,510 181,725

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Bank loans and overdrafts - 1,217
Trade creditors 18,317 24,810
Taxation and social security 15,999 13,827
Other creditors 5,249 12,129
39,565 51,983

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£ £
Bank loans 21,597 31,567

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Callow, who owns 95% of the issued share capital.