REGISTERED NUMBER: 07563795 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MOTOFIX (MERTHYR) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D S Pritchard

Mrs M J Pritchard

REGISTERED OFFICE:

Plymouth Street

Merthyr Tydfil

CF47 0TT

REGISTERED NUMBER:

07563795 (England and Wales)

ACCOUNTANTS:

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,228

6,970

Investment property

6

266,942

254,926

272,170

261,896

CURRENT ASSETS

Debtors

7

28,290

34,138

Cash at bank and in hand

2,919

4,035

31,209

38,173

CREDITORS

Amounts falling due within one year

8

223,948

206,541

NET CURRENT LIABILITIES

(192,739

)

(168,368

)

TOTAL ASSETS LESS CURRENT LIABILITIES

79,431

93,528

CREDITORS

Amounts falling due after more than one year

9

(23,737

)

(29,167

)

PROVISIONS FOR LIABILITIES

(16,965

)

(16,415

)

NET ASSETS

38,729

47,946

CAPITAL AND RESERVES

Called up share capital

4

4

Other reserves

68,091

68,091

Retained earnings

(29,366

)

(20,149

)

SHAREHOLDERS' FUNDS

38,729

47,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 1 December 2025 and were signed on its behalf by:

D S Pritchard - Director

1.	STATUTORY INFORMATION

Motofix (Merthyr) 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 as modified by the revaluation of certain assets.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

10,000

AMORTISATION

At 1 April 2024

and 31 March 2025

10,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

30,929

DEPRECIATION

At 1 April 2024

23,959

Charge for year

1,742

At 31 March 2025

25,701

NET BOOK VALUE

At 31 March 2025

5,228

At 31 March 2024

6,970

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

254,926

Additions

12,016

At 31 March 2025

266,942

NET BOOK VALUE

At 31 March 2025

266,942

At 31 March 2024

254,926

Included in fair value of investment property is freehold land of £ 266,942 (2024 - £ 254,879 ) which is not depreciated.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

84,064

Cost

182,878

266,942

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

28,072

34,112

Other debtors

218

26

28,290

34,138

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,493

5,556

Trade creditors

916

900

Other creditors

217,539

200,085

223,948

206,541

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

23,737

29,167

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

D S Pritchard

Balance outstanding at start of year

(99,505

)

(92,102

)

Amounts advanced

18,798

18,589

Amounts repaid

(27,492

)

(25,992

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(108,199

)

(99,505

)

Mrs M J Pritchard

Balance outstanding at start of year

(99,505

)

(92,102

)

Amounts advanced

18,798

18,589

Amounts repaid

(27,492

)

(25,992

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(108,199

)

(99,505

)

11.	ULTIMATE CONTROLLING PARTY

Mr S Pritchard is the controlling party holding 75% of the issued share capital.