Motorsense Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01414060

Motorsense Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Motorsense Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	–	3,800
Tangible assets	6	199,332	124,316
		---------	---------
		199,332	128,116

Current assets

Stocks		5,423	6,872
Debtors	7	861,026	865,363
Cash at Bank		28,462	87,924
		---------	---------
		894,911	960,159

Creditors: amounts falling due within one year	8	( 497,881)		( 408,356)
		---------		---------
Net current assets			397,030	551,803
			---------	---------
Total assets less current liabilities			596,362	679,919

Creditors: amounts falling due after more than one year	9		( 214,098)	( 327,833)

Deferred tax

Taxation including deferred tax	( 38,509)	( 15,390)
	---------	---------
Net assets	343,755	336,696
	---------	---------

Capital and reserves

Called up share capital	11	100,000	100,000
Profit and loss account		243,755	236,696
		---------	---------
Shareholders funds		343,755	336,696
		---------	---------

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 comprehensive income 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 .

Motorsense Limited

Statement of Financial Position (continued)

31 March 2025

These Financial Statements were approved by the board of directors and authorised for issue on 9 January 2026 , and are signed on behalf of the board by:

Mr B C Patel

Director

Company registration number: 01414060

Motorsense Limited

Accounting Policies

Year ended 31 March 2025

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.

Taxation

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods and is recognised in respect of all timing differences; although with certain exceptions. Timing differences are differences between taxable profit and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recoverable 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on investment property (and other non-depreciable tangible fixed assets) is measured using the tax rates and allowances which will apply to the sale of the asset. Amounts of current and deferred tax are generally recognised in profit or loss, except when they relate to items which are recognised in other comprehensive income or directly in equity and in such cases the amounts are also recognised in other comprehensive or equity as the case may be.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Developments costs	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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 property	-	10% straight line
Fixtures, fittings & office equipment	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	10% straight line

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Motorsense Limited

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 6 Station Road, St. Neots, Cambridgeshire, England, PE19 1AR.

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. Particulars of employees

The average number of persons employed by the company during the year amounted to 48 (2024: 45 ).

4. Taxation on ordinary activities

	2025	2024
	£	£
Deferred tax	23,119	10,658
	--------	--------

5. Intangible assets

	Development costs
	£
Cost
At 1 April 2024 and 31 March 2025	19,000
	--------
Amortisation
At 1 April 2024	15,200
Charge for the year	3,800
	--------
At 31 March 2025	19,000
	--------
Carrying amount
At 31 March 2025	–
	--------
At 31 March 2024	3,800
	--------

6. Tangible assets

	Leasehold property	Fixtures, fittings and office equipment	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	29,611	530,791	40,105	–	600,507
Additions	12,333	17,377	–	87,697	117,407
	--------	---------	--------	--------	---------
At 31 March 2025	41,944	548,168	40,105	87,697	717,914
	--------	---------	--------	--------	---------
Depreciation
At 1 April 2024	5,922	440,196	30,073	–	476,191
Charge for the year	4,195	26,993	2,433	8,770	42,391
	--------	---------	--------	--------	---------
At 31 March 2025	10,117	467,189	32,506	8,770	518,582
	--------	---------	--------	--------	---------
Carrying amount
At 31 March 2025	31,827	80,979	7,599	78,927	199,332
	--------	---------	--------	--------	---------
At 31 March 2024	23,689	90,595	10,032	–	124,316
	--------	---------	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	679,235	701,514
Prepayments	86,977	64,942
VAT recoverable	86,696	98,907
Other debtors	8,118	–
	---------	---------
	861,026	865,363
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loan or overdraft	40,621	23,937
Trade creditors	242,283	278,775
Amounts owed to Group undertaking	20,725	9,622
Accruals	21,869	30,464
Corporation tax	2,516	2,516
Social security and other taxes	139,305	59,912
Obligations under finance leases and hire purchase contracts	29,069	–
Company credit cards	1,493	3,130
	---------	---------
	497,881	408,356
	---------	---------

Amounts owed to associated company of £20,725 (2024: £9,622) is to Kamal Estates and Properties Ltd a company registered in the UK and wholly owned Mr B C Patel and Miss D B Patel

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

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	38,759	–
Other Loans	171,972	314,540
Bank loans – Bounce back	3,367	13,293
	---------	---------
	214,098	327,833
	---------	---------

Bank Bounce Back loan and Other loans are unsecured.

10. Deferred tax

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Deferred tax	38,509	15,390
	--------	--------

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary 'A' shares of £ 1 each	89,500	89,500	89,500	89,500
Ordinary 'B' shares of £ 1 each	6,000	6,000	6,000	6,000
Ordinary 'C' shares of £ 1 each	4,500	4,500	4,500	4,500
	---------	---------	---------	---------
	100,000	100,000	100,000	100,000
	---------	---------	---------	---------

The ordinary B and ordinary C shares carry no voting rights.

12. Comparative figures

Some comparative figures have been reclassified for presentation purpose only.

13. Related party transactions

In Note 8, Amounts owed to associated company is to Kamal Estates and Properties Ltd whose issued and paid capital is 100% owned by Mr Bharat C Patel and Miss Drasti B Patel.

14. Ultimate control

The company is controlled by Mr Bharat C Patel as a controlling shareholder both in the current and the previous year.