Motaclan Limited - Filleted accounts

Registered number

06515510

Motaclan Limited

Unaudited Filleted Accounts

31 December 2024

Motaclan Limited
Registered number:		06515510
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		40,570			-
Tangible assets	4		191,179			239,995
			231,749			239,995

Current assets
Stocks		1,732,255			1,245,620
Debtors	5	2,164,714			2,179,661
Cash at bank and in hand		136,195			159,602
		4,033,164			3,584,883

Creditors: amounts falling due within one year	6	(2,353,383)			(1,579,910)

Net current assets			1,679,781			2,004,973

Total assets less current liabilities			1,911,530			2,244,968

Creditors: amounts falling due after more than one year	7		-			(1,074)

Provisions for liabilities			(47,516)			(59,659)

Net assets			1,864,014			2,184,235

Capital and reserves
Called up share capital			50			50
Profit and loss account			1,863,964			2,184,185

Shareholders' funds			1,864,014			2,184,235

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr J S Whateley
Director
Approved by the board on 18 September 2025

Motaclan Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Fixtures, fittings and equipment	25% straight line
	Computer equipment	25% reducing balance
	Motor vehicles	20% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			29		34


3	Intangible fixed assets					£
	Goodwill and software:

	Cost
	At 1 January 2024					150,000
	Additions					40,570
	At 31 December 2024					190,570

	Amortisation
	At 1 January 2024					150,000
	At 31 December 2024					150,000

	Net book value
	At 31 December 2024					40,570

	Goodwill has been written off in equal annual instalments over its estimated economic life of five years. Software will be written off over its expected economic life of three years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2024	730,303		12,048		742,351
	Additions	12,017		830		12,847
	At 31 December 2024	742,320		12,878		755,198

	Depreciation
	At 1 January 2024	495,777		6,579		502,356
	Charge for the year	59,198		2,465		61,663
	At 31 December 2024	554,975		9,044		564,019

	Net book value
	At 31 December 2024	187,345		3,834		191,179
	At 31 December 2023	234,526		5,469		239,995


5	Debtors			2024		2023
£					£

	Trade debtors			775,566		292,345
	Amounts owed by associated undertakings and undertakings in which the company has a participating interest			1,318,996		1,319,318
	Other debtors			70,152		567,998
				2,164,714		2,179,661

	Amounts due after more than one year included above			1,318,996		1,319,318


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			334,314		131,930
	Obligations under finance lease and hire purchase contracts			1,074		3,100
	Trade creditors			474,516		363,559
	Amounts owed to associated undertakings and undertakings in which the company has a participating interest			1,321,563		900,265
	Taxation and social security costs			44,325		54,492
	Other creditors			177,591		126,564
				2,353,383		1,579,910


7	Creditors: amounts falling due after one year			2024		2023
£					£

	Obligations under finance lease and hire purchase contracts			-		1,074


8	Loans			2024		2023
£					£
	Creditors include:

	Secured invoice discounting liability			334,314		131,930

	Included in bank loans and overdrafts is an invoice discounting liability which is secured by a fixed and floating charge over all the property or undertaking of the company dated 11 March 2014.


9	Other financial commitments			2024		2023
£					£

	Total future minimum payments under non-cancellable operating leases			965,333		107,806


10	Related party transactions			2024		2023
£					£
	Car Parts Group Limited
	Parent company
	During the year the company charged its parent company £16,695 (2023: £995) for professional services and the parent company charged £25,000 (2023: £1,000) for management services.
	Amount due from Car Parts Group Limited			1,318,996		1,319,318

	Xpart Limited
	Xpart Limited is controlled by Car Parts Group Limited.

	Amount due (to)/from Xpart Limited			(270,279)		371,708

	Wood & Pickett Mini Centre Limited
	Wood & Pickett Mini Centre Limited is controlled by Car Parts Group Limited.

	Amount due from/(to) Wood & Pickett Mini Centre Limited			58,928		(38,153)

	Anglo Parts NV
	Anglo Parts NV Limited is controlled by Car Parts Group Limited.
	During the year the company made sales totalling £82,237 (2023: £Nil) to Anglo Parts NV.
	Amount due (to)/from Anglo Parts NV			-		-

	Transactions with the directors and shareholders
	At 31 December 2024 the company owed the directors £62,050 and the shareholders £37,658. Interest of 10% is being charged on these loans.

11	Controlling party

	The company is controlled by Car Parts Group Limited.


12	Other information

	Motaclan Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Units 14/15
	Erdington Industrial Park
	Chester Road
	Birmingham
	B24 0RD