MA Vehicle Sales Limited

MA Vehicle Sales Limited
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

MA Vehicle Sales Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	18,789	32,823
		18,789	32,823
Current assets
Stocks		118,278	56,149
Debtors		65,847	33,387
Cash at bank and in hand		5,623	18,769
		189,748	108,305
Creditors: amount falling due within one year		(125,073)	(73,100)
Net current assets		64,675	35,205

Total assets less current liabilities		83,464	68,028
Creditors: amount falling due after more than one year		(42,382)	(59,440)
Net assets		41,082	8,588

Capital and reserves
Called up share capital		1	1
Profit and loss account		41,081	8,587
Shareholders' funds		41,082	8,588

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.

Director's 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 director acknowledges 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 director on 13 October 2025 and were signed by:

-------------------------------
Myles ARNOLD
Director

1

MA Vehicle Sales Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

MA Vehicle Sales Limited is a private company, limited by shares, registered in England and Wales, registration number 12460986, registration address Spring Gardens, Shrewsbury, SY1 2TE.

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.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

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:

Plant and Machinery	20% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures and Fittings	20% 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 1 (2024 : 1).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 April 2024	29,185	8,443	739	38,367
Additions	-	-	1,183	1,183
Disposals	-	(8,443)	-	(8,443)
At 31 March 2025	29,185	-	1,922	31,107
Depreciation
At 01 April 2024	4,940	563	41	5,544
Charge for year	6,830	1,796	507	9,133
On disposals	-	(2,359)	-	(2,359)
At 31 March 2025	11,770	-	548	12,318
Net book values
Closing balance as at 31 March 2025	17,415	-	1,374	18,789
Opening balance as at 01 April 2024	24,245	7,880	698	32,823

2

Registered Number: 12460986
England and Wales
MA VEHICLE SALES LIMITED

Abridged Accounts

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