Matlock MOT Tyre & Exhaust Centre Limite - Accounts to registrar (filleted) - small 18.2

MATLOCK MOT TYRE & EXHAUST CENTRE LIMITED - Company Information

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REGISTERED NUMBER: 05923931 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

MATLOCK MOT TYRE & EXHAUST CENTRE

LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

Mr S Baker

Mr P Gould

REGISTERED OFFICE:

18 Bakewell Road

Matlock

Derbyshire

DE4 3AU

REGISTERED NUMBER:

05923931 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Tangible assets

31,311

30,766

CURRENT ASSETS

Stocks

2,520

2,498

Debtors

1,825

12,721

Cash at bank and in hand

50,369

42,355

54,714

57,574

CREDITORS

Amounts falling due within one year

(47,085

)

(55,779

)

NET CURRENT ASSETS

7,629

1,795

TOTAL ASSETS LESS CURRENT LIABILITIES

38,940

32,561

CREDITORS

Amounts falling due after more than one
year

(24,950

)

(22,950

)

NET ASSETS

13,990

9,611

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

13,890

9,511

SHAREHOLDERS' FUNDS

13,990

9,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2020 and were
signed on its behalf by:

Mr S Baker - Director

1.	STATUTORY INFORMATION

Matlock MOT Tyre & Exhaust Centre Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Long leasehold

Straight line over 9 years

Plant and machinery

20% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

15% on reducing balance

Stocks

Stocks 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 Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet 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 or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

COST

At 1 October 2018

12,500

66,746

79,246

Additions

8,115

At 30 September 2019

12,500

74,861

87,361

DEPRECIATION

At 1 October 2018

4,167

44,313

48,480

Charge for year

1,389

6,181

7,570

At 30 September 2019

5,556

50,494

56,050

NET BOOK VALUE

At 30 September 2019

6,944

24,367

31,311

At 30 September 2018

8,333

22,433

30,766

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

Trade debtors

1,825

9,482

Other debtors

3,239

1,825

12,721

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

Trade creditors

10,347

9,742

Taxation and social security

7,247

4,108

Other creditors

29,491

41,929

47,085

55,779

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

Trade creditors

24,950

22,950

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

100

Ordinary

100