Middlepeak Motor Factors Limited

Middlepeak Motor Factors Limited
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

Middlepeak Motor Factors Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	11,501	14,996
		11,501	14,996
Current assets
Stocks		196,267	268,903
Debtors: amounts falling due within one year		463,082	378,297
Cash at bank and in hand		199,684	208,661
		859,033	855,861
Creditors: amount falling due within one year		(405,811)	(423,703)
Net current assets		453,222	432,158

Total assets less current liabilities		464,723	447,154
Creditors: amount falling due after more than one year		(12,217)	(20,563)
Provisions for liabilities		(393)	(458)
Net assets		452,113	426,133

Capital and reserves
Called up share capital	4	5	5
Profit and loss account		452,108	426,128
Shareholders' funds		452,113	426,133

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 19 December 2025 and were signed on its behalf by:

-------------------------------
Mr D Ballington
Director

1

Middlepeak Motor Factors Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Middlepeak Motor Factors Limited is a private company, limited by shares, registered in England and Wales, registration number 04194912, registration address The Lower Stables, Main Road, Sudbury, Ashbourne, Derbyshire, DE6 5HT.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	15% Reducing Balance
Office Equipment	15% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 6 (2024 : 6).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Office Equipment	Total
	£	£	£	£
At 01 April 2024	38,289	4,076	10,487	52,852
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 March 2025	38,289	4,076	10,487	52,852
Depreciation
At 01 April 2024	25,823	3,720	8,313	37,856
Charge for year	3,116	53	326	3,495
On disposals	-	-	-	-
At 31 March 2025	28,939	3,773	8,639	41,351
Net book values
Closing balance as at 31 March 2025	9,350	303	1,848	11,501
Opening balance as at 01 April 2024	12,466	356	2,174	14,996

4.

Share Capital

Authorised
5 Ordinary shares of £1.00 each

Allotted, called up and fully paid	2025 £		2024 £
5 Ordinary shares of £1.00 each	5		5
	5		5

2

Registered Number: 04194912
England and Wales
MIDDLEPEAK MOTOR FACTORS LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025