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Motec Autos (Pembrokeshire) Ltd

Financial Statements for the Year Ended 29 September 2024






Motec Autos (Pembrokeshire) Ltd

Company Information
for the Year Ended 29 September 2024







DIRECTOR: T E Howlin





SECRETARY: T E Howlin





REGISTERED OFFICE: Kinnesswood
Withy Bush Road
Haverfordwest
Pembrokeshire
SA62 4BN





REGISTERED NUMBER: 03656160 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA
1
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Motec Autos (Pembrokeshire) Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit & Loss Account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Motec Autos (Pembrokeshire) Ltd for the year ended 29 September 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the director of Motec Autos (Pembrokeshire) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Motec Autos (Pembrokeshire) Ltd and state those matters that we have agreed to state to the director of Motec Autos (Pembrokeshire) Ltd in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Motec Autos (Pembrokeshire) Ltd and its director for our work or for this report.

It is your duty to ensure that Motec Autos (Pembrokeshire) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Motec Autos (Pembrokeshire) Ltd. You consider that Motec Autos (Pembrokeshire) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Motec Autos (Pembrokeshire) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


29 September 2025

This page does not form part of the statutory financial statements

2
Motec Autos (Pembrokeshire) Ltd (Registered number: 03656160)

Balance Sheet
29 September 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 3 650,000 650,388

CURRENT ASSETS
Stocks - 2,650
Debtors 4 5,433 11,386
Cash at bank 4,422 10,780
9,855 24,816
CREDITORS
Amounts falling due within one year 5 151,054 136,552
NET CURRENT LIABILITIES (141,199 ) (111,736 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
508,801
538,652

CREDITORS
Amounts falling due after more than
one year
6
(83,000
)
(111,005
)

PROVISIONS FOR DEFERRED TAX (8,200 ) (8,600 )
NET ASSETS 417,601 419,047

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 422,435 422,435
Retained earnings (4,836 ) (3,390 )
417,601 419,047

The notes form part of these financial statements

3 continued...
Motec Autos (Pembrokeshire) Ltd (Registered number: 03656160)

Balance Sheet - continued
29 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:





T E Howlin - Director


The notes form part of these financial statements

4
Motec Autos (Pembrokeshire) Ltd (Registered number: 03656160)

Notes to the Financial Statements
for the Year Ended 29 September 2024


1. 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 15% straight line
Motor vehicles - 25% straight line

The freehold property is carried at fair value, and as such depreciation is not provided.

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 Profit & Loss Account, 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.

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.

Pension costs
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.

5 continued...
Motec Autos (Pembrokeshire) Ltd (Registered number: 03656160)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

3. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
COST OR VALUATION
At 30 September 2023
and 29 September 2024 670,410 139,640 33,160 843,210
DEPRECIATION
At 30 September 2023 20,410 139,640 32,772 192,822
Charge for year - - 388 388
At 29 September 2024 20,410 139,640 33,160 193,210
NET BOOK VALUE
At 29 September 2024 650,000 - - 650,000
At 29 September 2023 650,000 - 388 650,388

Cost or valuation at 29 September 2024 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
Valuation in 2019 525,235 - - 525,235
Valuation in 2024 145,175 139,640 33,160 317,975
670,410 139,640 33,160 843,210

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 5,433 11,386

6 continued...
Motec Autos (Pembrokeshire) Ltd (Registered number: 03656160)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 27,080 27,000
Trade creditors 16,890 24,765
Taxes & social security costs 12,861 15,334
Other creditors & accruals 94,223 69,453
151,054 136,552

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£ £
Bank loans 83,000 111,005

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 90,080 107,172

The secured bank loan is in the form of a mortgage and is secured over the property to which it relates.

7