Motel Limited - Accounts to registrar (filleted) - small 23.1.2

Motel Limited - Accounts to registrar (filleted) - small 23.1.2

MOTEL LIMITED - Company Information

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REGISTERED NUMBER: 06165670 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Motel Limited
Motel Limited (Registered number: 06165670)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Motel Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs S L Wright
J M Wright





REGISTERED OFFICE: Unit 15 Runwell Hall Farmhouse
Hoe Lane
Rettendon Common
Essex
CM3 8DQ





REGISTERED NUMBER: 06165670 (England and Wales)





ACCOUNTANTS: Accounts by Simply Ltd
Unit 15
Runwell Hall Farmhouse
Hoe Lane
Rettendon
Essex
CM3 8DQ
Page 1
Motel Limited (Registered number: 06165670)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,792 32,241
Tangible assets 5 57,659 65,242
83,451 97,483

CURRENT ASSETS
Debtors 6 247,586 63,729
Cash at bank and in hand 113,206 189,145
360,792 252,874
CREDITORS
Amounts falling due within one year 7 55,394 30,713
NET CURRENT ASSETS 305,398 222,161
TOTAL ASSETS LESS CURRENT
LIABILITIES
388,849
319,644

CAPITAL AND RESERVES
Called up share capital 190 190
Retained earnings 388,659 319,454
388,849 319,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 notes form part of these financial statements

Page 2 continued...
Motel Limited (Registered number: 06165670)

Balance Sheet - continued
31 March 2023


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 31 May 2023 and were signed on its behalf by:




J M Wright - Director



Mrs S L Wright - Director


The notes form part of these financial statements

Page 3
Motel Limited (Registered number: 06165670)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Motel 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 represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on cost

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.


Page 4 continued...
Motel Limited (Registered number: 06165670)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

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 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 128,976
AMORTISATION
At 1 April 2022 96,735
Charge for year 6,449
At 31 March 2023 103,184
NET BOOK VALUE
At 31 March 2023 25,792
At 31 March 2022 32,241

Page 5 continued...
Motel Limited (Registered number: 06165670)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 129,600
Additions 12,244
Disposals (16,138 )
At 31 March 2023 125,706
DEPRECIATION
At 1 April 2022 64,358
Charge for year 13,524
Eliminated on disposal (9,835 )
At 31 March 2023 68,047
NET BOOK VALUE
At 31 March 2023 57,659
At 31 March 2022 65,242

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 71,872 41,195
Other debtors 175,714 22,534
247,586 63,729

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 7,284 3,273
Taxation and social security 40,340 22,956
Other creditors 7,770 4,484
55,394 30,713

Page 6