FAST TRAK MOTS LTD - Filleted accounts

Registered number

07541715

FAST TRAK MOTS LTD

Filleted Accounts

31 December 2024

FAST TRAK MOTS LTD
Registered number:		07541715
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		252,765			256,601

Current assets
Debtors	4	3,800			-
Cash at bank and in hand		94,556			87,233
		98,356			87,233

Creditors: amounts falling due within one year	5	(34,908)			(51,048)

Net current assets			63,448			36,185

Net assets			316,213			292,786

Capital and reserves
Called up share capital			2			2
Profit and loss account			316,211			292,784

Shareholders' funds			316,213			292,786

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.




Karnvir Bath
Director
Approved by the board on 16 September 2025

FAST TRAK MOTS LTD
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).

	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.

	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:

	Freehold buildings	over 50 years
	Plant and machinery	25% reducing balance

	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.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2024	300,358		30,759		331,117
	At 31 December 2024	300,358		30,759		331,117

	Depreciation
	At 1 January 2024	44,700		29,816		74,516
	Charge for the year	3,600		236		3,836
	At 31 December 2024	48,300		30,052		78,352

	Net book value
	At 31 December 2024	252,058		707		252,765
	At 31 December 2023	255,658		943		256,601


4	Debtors			2024		2023
£					£

	Trade debtors			3,800		-


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

	Trade creditors			-		244
	Taxation and social security costs			11,721		21,299
	Other creditors			23,187		29,505
				34,908		51,048

6	Controlling party
	The company is under the joint control of its directors.

7	Other information

	FAST TRAK MOTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
	65 Delamere Road
	Hayes
	Middlesex
	UB4 0NN