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Registered Number: 15781537
England and Wales

 

 

 

M1 AUTOMOTIVE LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 16 June 2024

End date: 30 June 2025
Director Nirusan Tharmaseelan
Registered Number 15781537
Registered Office 71-75 SHELTON STREET
COVENT GARDEN LONDON
London
WC2H 9JQ
Accountants Clear View Accounting
2 Newtondale

Luton
LU4 9YD
Bankers Monzo Bank Limited
Broadwalk House, 5 Appold Street
London
EC2A 2AG.

1
  2025
    £ £
Fixed assets   9,450 
Current assets 279   
Creditors: amount falling due within one year (2,475)  
Net current assets   (2,196)
Total assets less current liabilities   7,254 
Creditors: amount falling due after more than one year   (10,455)
Net assets   (3,201)
 

     
Capital and reserves   (3,201)
 
NOTES TO THE ACCOUNTS

General Information
M1 AUTOMOTIVE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 15781537, registration address 71-75 SHELTON STREET, COVENT GARDEN LONDON, London, WC2H 9JQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 16 June 2024    
Additions 7,500    3,000    10,500 
Disposals    
At 30 June 2025 7,500    3,000    10,500 
Depreciation
At 16 June 2024    
Charge for period 750    300    1,050 
On disposals    
At 30 June 2025 750    300    1,050 
Net book values
Closing balance as at 30 June 2025 6,750    2,700    9,450 
Opening balance as at 16 June 2024    


3.

Staff Costs

2025
Average number of employees during the period Number
Administration 1 

4.

Average number of employees

Average number of employees during the period was 1.


For the period ended 30 June 2025 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 period in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 21 August 2025 and were signed by:


--------------------------------
Nirusan Tharmaseelan
Director
2