IRIS Accounts Production v25.4.0.155 NI028364 Board of Directors 1.5.24 30.4.25 30.4.25 false true false false true false Ordinary shares 1.00000 239 22209 130040 127552 130000 150000 199 239 Ordinary shares 1.00000 239 22209 130040 127552 130000 150000 199 239 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh NI028364 2024-04-30 NI028364 2025-04-30 NI028364 2024-05-01 2025-04-30 NI028364 2023-04-30 NI028364 2023-05-01 2024-04-30 NI028364 2024-04-30 NI028364 ns15:NorthernIreland 2024-05-01 2025-04-30 NI028364 ns14:PoundSterling 2024-05-01 2025-04-30 NI028364 ns10:Director1 2024-05-01 2025-04-30 NI028364 ns10:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 NI028364 ns10:SmallEntities 2024-05-01 2025-04-30 NI028364 ns10:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 NI028364 ns10:SmallCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 NI028364 ns10:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 NI028364 ns10:FullAccounts 2024-05-01 2025-04-30 NI028364 ns10:OrdinaryShareClass1 2024-05-01 2025-04-30 NI028364 42 ns10:Director2 2024-04-30 NI028364 42 ns10:Director2 2023-04-30 NI028364 42 ns10:Director2 2024-05-01 2025-04-30 NI028364 42 ns10:Director2 2023-05-01 2024-04-30 NI028364 42 ns10:Director2 2025-04-30 NI028364 42 ns10:Director2 2024-04-30 NI028364 ns10:Director2 2024-05-01 2025-04-30 NI028364 ns10:CompanySecretary1 2024-05-01 2025-04-30 NI028364 ns10:RegisteredOffice 2024-05-01 2025-04-30 NI028364 ns5:CurrentFinancialInstruments 2025-04-30 NI028364 ns5:CurrentFinancialInstruments 2024-04-30 NI028364 ns5:ShareCapital 2025-04-30 NI028364 ns5:ShareCapital 2024-04-30 NI028364 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 NI028364 ns5:RetainedEarningsAccumulatedLosses 2024-04-30 NI028364 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-05-01 2025-04-30 NI028364 ns5:PlantMachinery 2024-05-01 2025-04-30 NI028364 ns5:FurnitureFittings 2024-05-01 2025-04-30 NI028364 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-04-30 NI028364 ns5:PlantMachinery 2024-04-30 NI028364 ns5:FurnitureFittings 2024-04-30 NI028364 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-04-30 NI028364 ns5:PlantMachinery 2025-04-30 NI028364 ns5:FurnitureFittings 2025-04-30 NI028364 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-04-30 NI028364 ns5:PlantMachinery 2024-04-30 NI028364 ns5:FurnitureFittings 2024-04-30 NI028364 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-30 NI028364 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-30 NI028364 ns5:DeferredTaxation 2024-04-30 NI028364 ns5:DeferredTaxation 2024-05-01 2025-04-30 NI028364 ns5:DeferredTaxation 2025-04-30 NI028364 ns10:OrdinaryShareClass1 2025-04-30 NI028364 ns10:Director1 1 2024-04-30 NI028364 ns10:Director1 1 2023-04-30 NI028364 ns10:Director1 1 2024-05-01 2025-04-30 NI028364 ns10:Director1 1 2023-05-01 2024-04-30 NI028364 ns10:Director1 1 2025-04-30 NI028364 ns10:Director1 1 2024-04-30

REGISTERED NUMBER: NI028364 (Northern Ireland)

Motor & Commercial Parts Limited

Unaudited Financial Statements

for the Year Ended 30 April 2025

Motor & Commercial Parts Limited (Registered number: NI028364)

Contents of the Financial Statements

for the Year Ended 30 April 2025

| Page |

Company information | 1 |

Statement of financial position | 2 |

Notes to the financial statements | 3 |  | to |  | 6

Motor & Commercial Parts Limited

Company Information

for the Year Ended 30 April 2025

| Directors: | Mr W Forde

| Mrs C Forde

| Secretary: | Mr W Forde

| Registered office: | 62 Granville Road

| Dungannon

| Co Tyrone

| BT70 1NJ

| Registered number: | NI028364 (Northern Ireland)

| Accountants: | Wylie Ruddell

| Chartered Accountants

| Armagh Business Centre

| 2 Loughgall Road

| Armagh

| BT61 7NH

Motor & Commercial Parts Limited (Registered number: NI028364)

Statement of Financial Position

30 April 2025

2025 | 2024 |

| Notes | £ | £

Fixed assets

Property, plant and equipment | 4 | 61,731 |  | 48,559 |  |

Current assets

Inventories | 238,868 |  | 226,421 |  |

Receivables | 5 | 254,278 |  | 217,890 |  |

Cash at bank | 539,875 |  | 492,683 |  |

1,033,021 |  | 936,994 |  |

Payables

Amounts falling due within one year | 6 | (311,750 | ) | (304,629 | ) |

Net current assets | 721,271 |  | 632,365 |  |

Total assets less current liabilities | 783,002 |  | 680,924 |  |

Provisions for liabilities | 7 | (11,632 | ) | (7,710 | ) |

Net assets | 771,370 |  | 673,214 |  |

Capital and reserves

Called up share capital | 8 | 500 |  | 500 |  |

Retained earnings | 770,870 |  | 672,714 |  |

Shareholders' funds | 771,370 |  | 673,214 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2026 and were signed on its behalf by:

Mr W Forde - Director

Motor & Commercial Parts Limited (Registered number: NI028364)

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | Statutory information

| Motor & Commercial Parts Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | Accounting policies

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Revenue

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Property, plant and equipment

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Long leasehold | - | 5% on cost

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Inventories

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Motor & Commercial Parts Limited (Registered number: NI028364)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | Accounting policies - continued

| Receivables

| Short term receivables are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Payables

| Short term payables are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Income Statement in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

| Financial instruments

| The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments:

| (i) Financial assets

| Basic financial assets, including trade and other receivables, cash and and bank balances and amounts owed by related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

| If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| (ii) Financial liabilities

| Basic financial liabilities, including trade and other payables, bank loans and overdrafts and amounts owed to related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Motor & Commercial Parts Limited (Registered number: NI028364)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | Accounting policies - continued

| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| (iii) Offsetting

| Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Critical accounting judgements and key sources of estimation uncertainty

| Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

| Useful economic lives of intangible and tangible assets

| The annual depreciation and amortisation charges for intangible and tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See balance sheet notes on intangible fixed assets and property, plant and equipment for the carrying amount of the assets, and note 2 for the useful economic lives for each class of asset.

3. | Employees and directors

| The average number of employees during the year was 12 (2024 - 12 ) .

4. | Property, plant and equipment

Fixtures |

Long | Plant and | and |

leasehold | machinery | fittings | Totals |

| £ | £ | £ | £

| Cost

| At 1 May 2024 | 50,327 |  | 88,630 |  | 42,376 |  | 181,333 |  |

| Additions | - |  | 28,975 |  | - |  | 28,975 |  |

| Disposals | - |  | (12,269 | ) | - |  | (12,269 | ) |

| At 30 April 2025 | 50,327 |  | 105,336 |  | 42,376 |  | 198,039 |  |

| Depreciation

| At 1 May 2024 | 32,606 |  | 62,903 |  | 37,265 |  | 132,774 |  |

| Charge for year | 2,516 |  | 10,372 |  | 1,278 |  | 14,166 |  |

| Eliminated on disposal | - |  | (10,632 | ) | - |  | (10,632 | ) |

| At 30 April 2025 | 35,122 |  | 62,643 |  | 38,543 |  | 136,308 |  |

| Net book value

| At 30 April 2025 | 15,205 |  | 42,693 |  | 3,833 |  | 61,731 |  |

| At 30 April 2024 | 17,721 |  | 25,727 |  | 5,111 |  | 48,559 |  |

Motor & Commercial Parts Limited (Registered number: NI028364)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

5. | Receivables less than one year

2025 | 2024 |

| £ | £

| Trade receivables | 221,610 |  | 201,945 |  |

| Other receivables | 32,668 |  | 15,945 |  |

254,278 |  | 217,890 |  |

6. | Payables less than one year

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 5,098 |  | - |  |

| Trade payables | 181,262 |  | 175,911 |  |

| Taxation and social security | 116,443 |  | 121,087 |  |

| Other payables | 8,947 |  | 7,631 |  |

311,750 |  | 304,629 |  |

7. | Provisions for liabilities

2025 | 2024 |

| £ | £

| Deferred tax | 11,632 |  | 7,710 |  |

Deferred tax |

| £

| Balance at 1 May 2024 | 7,710 |  |

| Charge to Statement of income and retained earnings during year | 3,922 |  |

| Balance at 30 April 2025 | 11,632 |  |

8. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 500 | Ordinary shares | £1 | 500 |  | 500 |  |

9. | Directors' advances, credits and guarantees

| The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 | 2024 |

| £ | £

| Mr W Forde and Mrs C Forde

| Balance outstanding at start of year | (239 | ) | 22,209 |  |

| Amounts advanced | 130,040 |  | 127,552 |  |

| Amounts repaid | (130,000 | ) | (150,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (199 | ) | (239 | ) |

| Interest at the rate of 2.25% per annum is payable annually on these borrowings.