Motaquip Excel Factors Limited

Registered number

05048890

Unaudited Filleted Accounts

28 February 2026

Motaquip Excel Factors Limited
Registered number:		05048890
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,584			1,041

Current assets
Stocks		107,702			109,332
Debtors	4	22,397			21,448
Cash at bank and in hand		16,497			20,878
		146,596			151,658

Creditors: amounts falling due within one year	5	(59,134)			(58,983)

Net current assets			87,462			92,675

Total assets less current liabilities			89,046			93,716


Provisions for liabilities			(301)			(198)


Net assets			88,745			93,518

Capital and reserves
Called up share capital			25,000			25,000
Profit and loss account			63,745			68,518

Shareholders' funds			88,745			93,518

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Mark Staley
Director
Approved by the board on 22 April 2026

Motaquip Excel Factors Limited
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Motor Vehicles	over 3 years to match lease term



	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			4		5


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2025	28,055		36,048		64,103
	Additions	1,526		-		1,526
	Disposals	(1,828)		-		(1,828)
	At 28 February 2026	27,753		36,048		63,801

	Depreciation
	At 1 March 2025	27,014		36,048		63,062
	Charge for the year	871		-		871
	On disposals	(1,716)		-		(1,716)
	At 28 February 2026	26,169		36,048		62,217

	Net book value
	At 28 February 2026	1,584		-		1,584
	At 28 February 2025	1,041		-		1,041


4	Debtors			2026		2025
£					£

	Trade debtors			16,151		18,294
	Other debtors			6,246		3,154
				22,397		21,448


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			37,775		35,656
	Taxation and social security costs			16,752		17,315
	Other creditors			4,607		6,012
				59,134		58,983


6	Directors Loan Transaction

	During the year, Mr Mark Staley and Mr Lee Staley used a current account with the company to record amounts due to them and amounts drawn by them. The amounts owed to the directors and included in other creditors as at 28th February 2026 were £1,197.55 (2025: £1,957.55) for Mr Mark Staley and £1,190.52 (2025: £1,950.52) for Mr Lee Staley. The amounts are repayable on demand and may carry interest.


7	Related party transactions

	Nathan Staley and Tom Staley are sons of the company director Mark Staley and are both employees of Motaquip Excel Factors Limited. Wages paid to them are at market value.


8	Controlling party

	Mr Mark Staley and Mr Lee Staley each hold 50% of the share capital of the company therefore together they are the company's ultimate controlling party.


9	Other information

	Motaquip Excel Factors Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 29 Rising Sun Industrial Estate
	Blaina
	Abertillery
	Gwent
	NP13 3JW