Motorpart Logistics Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13804541 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MOTORPART LOGISTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Keeble

Mr J K Ashby

REGISTERED OFFICE:

Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

REGISTERED NUMBER:

13804541 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

11,615

9,285

CURRENT ASSETS

Stocks

21,791

23,986

Debtors

5

65,791

69,491

Cash at bank

13,834

26,922

101,416

120,399

CREDITORS

Amounts falling due within one year

6

93,227

92,504

NET CURRENT ASSETS

8,189

27,895

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,804

37,180

PROVISIONS FOR LIABILITIES

7

2,998

2,033

NET ASSETS

16,806

35,147

CAPITAL AND RESERVES

Called up share capital

8

102

100

Retained earnings

16,704

35,047

SHAREHOLDERS' FUNDS

16,806

35,147

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr J K Ashby - Director

1.	STATUTORY INFORMATION

Motorpart Logistics 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.

The presentation currancy is in pound sterling and accounts have been rounded to the nearest Pound.

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

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

2,000

8,900

5,062

15,962

Additions

-

5,400

1,832

7,232

Disposals

-

(900

)

-

(900

)

At 31 December 2024

2,000

13,400

6,894

22,294

DEPRECIATION

At 1 January 2024

565

3,949

2,163

6,677

Charge for year

215

2,462

1,724

4,401

Eliminated on disposal

-

(399

)

-

(399

)

At 31 December 2024

780

6,012

3,887

10,679

NET BOOK VALUE

At 31 December 2024

1,220

7,388

3,007

11,615

At 31 December 2023

1,435

4,951

2,899

9,285

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

62,310

57,309

Other debtors

750

-

Directors' current accounts

-

9,482

Prepayments

2,731

2,700

65,791

69,491

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

54,649

55,999

Tax

24,765

22,393

Social security and other taxes

1,708

1,241

VAT

8,501

9,588

Pension

324

283

Directors' current accounts

280

-

Accrued expenses

3,000

93,227

92,504

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

Accelerated capital allowances

2,998

2,033

Deferred

tax

£

Balance at 1 January 2024

2,033

Provided during year

965

Balance at 31 December 2024

2,998

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary Share

£1

100

2

Ordinary B

£1

2

-

102

100

2 Ordinary B shares of £1 each were allotted and fully paid for cash at par during the year.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

Mr J K Ashby

Balance outstanding at start of year

4,741

-

Amounts advanced

46,931

4,741

Amounts repaid

(51,812

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(140

)

4,741

Mr M Keeble

Balance outstanding at start of year

4,741

-

Amounts advanced

50,431

4,741

Amounts repaid

(55,312

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(140

)

4,741

A short term loan was granted to the directors during the prior year of £4,741 each, this was cleared by way of a dividend declared in April 2024.