REGISTERED NUMBER: 06728905 (England and Wales)

Majestic Self Drive Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Warren Geoffrey Nicholls

Rebecca Jane Nicholls

Registered office:

Henry Lee Street

Bolton

Lancashire

BL3 3PT

Registered number:

06728905 (England and Wales)

Accountants:

Leach Briely

Craven House

32 Lee Lane

Horwich

Bolton

Greater Manchester

BL6 7BY

Fixed assets

Intangible assets

4

32,000

40,000

Tangible assets

5

128,888

138,107

160,888

178,107

Current assets

Debtors

6

2,694

10,590

Cash at bank and in hand

35,369

15,944

38,063

26,534

Creditors

Amounts falling due within one year

7

220,629

81,458

Net current liabilities

(182,566

)

(54,924

)

Total assets less current liabilities

(21,678

)

123,183

Creditors

Amounts falling due after more than one year

8

130,273

268,273

Net liabilities

(151,951

)

(145,090

)

Capital and reserves

Called up share capital

9

1,000

1,000

Retained earnings

(152,951

)

(146,090

)

Shareholders' funds

(151,951

)

(145,090

)

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by:

Warren Geoffrey Nicholls - Director

1.	Statutory information

Majestic Self Drive 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 receivable for vehicle servicing and MOT's and storage facilities provided by the company during the year.

Goodwill

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful lfe. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance and 20% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company relies upon the financial support of its directors in respect of their undrawn loan accounts to facilitate a continuation of its trading activity. The directors have agreed to only withdraw from their loan accounts in small tranches, as and when cashflow permits. Therefore the directors are able to prepare the financial statements on the basis of the going concern concept.

3.	Employees and directors

The average number of employees during the year was 4 (2023 - 5 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

80,000

Amortisation

At 1 January 2024

40,000

Amortisation for year

8,000

At 31 December 2024

48,000

Net book value

At 31 December 2024

32,000

At 31 December 2023

40,000

5.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Cost

At 1 January 2024

and 31 December 2024

92,071

78,060

8,238

178,369

Depreciation

At 1 January 2024

-

35,911

4,351

40,262

Charge for year

-

8,430

789

9,219

At 31 December 2024

-

44,341

5,140

49,481

Net book value

At 31 December 2024

92,071

33,719

3,098

128,888

At 31 December 2023

92,071

42,149

3,887

138,107

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

2,684

4,017

Other debtors

10

6,573

2,694

10,590

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loan

4,000

4,000

Trade creditors

3,388

14,710

Taxation and social security

3,441

352

Other creditors

209,800

62,396

220,629

81,458

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loan

4,273

8,273

Other creditors

126,000

260,000

130,273

268,273

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

1

1,000

1,000