Lower Earley MOT'S Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09446176

Lower Earley MOT'S Ltd

Filleted Unaudited Financial Statements

31 March 2025

Lower Earley MOT'S Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	68,413	79,814
Investments	6	81,299	84,557
		---------	---------
		149,712	164,371

Current assets

Stocks		2,000	5,000
Debtors	7	81,548	69,636
Cash at bank and in hand		20,347	22,349
		---------	--------
		103,895	96,985

Creditors: amounts falling due within one year	8	105,834		106,279
		---------		---------
Net current liabilities			1,939	9,294
			---------	---------
Total assets less current liabilities			147,773	155,077

Creditors: amounts falling due after more than one year	9		30,939	45,537

Provisions

Taxation including deferred tax	11,356	13,307
	---------	---------
Net assets	105,478	96,233
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	105,378	96,133
	---------	--------
Shareholders funds	105,478	96,233
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lower Earley MOT'S Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Miss J Freebody	Mr A Aldridge
Director	Director

Company registration number: 09446176

Lower Earley MOT'S Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3 Cutbush Park Ind Est, Lower Earley, Reading, RG6 4UT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

All fixed assets are initially recorded at cost. Depreciation is calculated at 25% per annum on a reducing balance basis.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	25% reducing balance
Plant and machinery	-	25% reducing balance
Furniture and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

	Computer Equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 7 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024	16,267	114,827	3,300	750	4,296	139,440
Additions	1,496	8,268	–	–	235	9,999
Disposals	–	–	–	( 350)	–	( 350)
	--------	---------	-------	----	-------	---------
At 31 Mar 2025	17,763	123,095	3,300	400	4,531	149,089
	--------	---------	-------	----	-------	---------
Depreciation
At 1 Apr 2024	7,890	46,934	1,834	154	2,814	59,626
Charge for the year	2,375	17,928	367	149	390	21,209
Disposals	–	–	–	( 159)	–	( 159)
	--------	---------	-------	----	-------	---------
At 31 Mar 2025	10,265	64,862	2,201	144	3,204	80,676
	--------	---------	-------	----	-------	---------
Carrying amount
At 31 Mar 2025	7,498	58,233	1,099	256	1,327	68,413
	--------	---------	-------	----	-------	---------
At 31 Mar 2024	8,377	67,893	1,466	596	1,482	79,814
	--------	---------	-------	----	-------	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024	84,557
Additions	( 3,258)
	--------
At 31 March 2025	81,299
	--------
Impairment
At 1 April 2024 and 31 March 2025	–
	--------

Carrying amount
At 31 March 2025	81,299
	--------
At 31 March 2024	84,557
	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	33,374	34,559
Amounts owed by group undertakings and undertakings in which the company has a participating interest	5,504	1,975
Other debtors	42,670	33,102
	--------	--------
	81,548	69,636
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	7,577	17,434
Trade creditors	38,468	15,827
Corporation tax	4,669	–
Social security and other taxes	16,380	19,497
Other creditors	38,740	53,521
	---------	---------
	105,834	106,279
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	30,939	45,537
	--------	--------

10. Related party transactions

The company was under the control of Miss Freebody throughout the current period. She is the majority shareholder. The amount owing to her at 31st March 2025 was £ 20,143 (2024 - £33,308). No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Small Companies.