Company Registration No. 07801745 (England and Wales)
Motors In Motion Limited
Unaudited accounts
for the year ended 31 March 2025
Motors In Motion Limited
Unaudited accounts
Contents
Motors In Motion Limited
Company Information
for the year ended 31 March 2025
Directors
Andrew Coggan
Charlie Coggan
Deborah Coggan
Joshua Coggan
Company Number
07801745 (England and Wales)
Registered Office
UNIT 1 KILTON ROAD
WORKSOP
NOTTINGHAMSHIRE
S80 2ED
Accountants
Neil Walker Accountancy Ltd
Khepera Business Centre
9 Orgreave Road
Sheffield
S13 9LQ
Motors In Motion Limited
Statement of financial position
as at 31 March 2025
Tangible assets
109,014
118,623
Inventories
223,941
207,545
Cash at bank and in hand
50,819
77,633
Creditors: amounts falling due within one year
(287,244)
(241,803)
Net current assets
16,556
56,385
Total assets less current liabilities
125,570
175,008
Creditors: amounts falling due after more than one year
-
(32,778)
Provisions for liabilities
Deferred tax
(27,026)
(22,327)
Called up share capital
120
120
Profit and loss account
98,424
119,783
Shareholders' funds
98,544
119,903
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by
Joshua Coggan
Director
Company Registration No. 07801745
Motors In Motion Limited
Notes to the Accounts
for the year ended 31 March 2025
Motors In Motion Limited is a private company, limited by shares, registered in England and Wales, registration number 07801745. The registered office is UNIT 1 KILTON ROAD, WORKSOP, NOTTINGHAMSHIRE, S80 2ED.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Motors In Motion Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
138,414
80,441
22,146
837
241,838
Additions
10,455
-
-
-
10,455
At 31 March 2025
148,869
80,441
22,146
837
252,293
At 1 April 2024
72,721
36,599
13,807
88
123,215
Charge for the year
10,537
7,891
1,501
135
20,064
At 31 March 2025
83,258
44,490
15,308
223
143,279
At 31 March 2025
65,611
35,951
6,838
614
109,014
At 31 March 2024
65,693
43,842
8,339
749
118,623
Amounts falling due within one year
Trade debtors
29,040
13,010
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
32,440
4,052
Trade creditors
19,625
17,463
Taxes and social security
12,745
9,857
Loans from directors
186,337
185,311
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
32,778
8
Average number of employees
During the year the average number of employees was 14 (2024: 16).