Motorpart Logistics Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 13804541 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

16 DECEMBER 2021 TO 31 DECEMBER 2022

FOR

MOTORPART LOGISTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Keeble

Mr J K Ashby

REGISTERED OFFICE:

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

BUSINESS ADDRESS:

Unit E2 New Yatt Business Centre

New Yatt

Witney

Oxfordshire

OX29 6TJ

REGISTERED NUMBER:

13804541 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

10,833

CURRENT ASSETS

Stocks

14,047

Debtors

5

42,432

Cash at bank

67,042

123,521

CREDITORS

Amounts falling due within one year

6

101,112

NET CURRENT ASSETS

22,409

TOTAL ASSETS LESS CURRENT LIABILITIES

33,242

PROVISIONS FOR LIABILITIES

7

2,058

NET ASSETS

31,184

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

31,084

SHAREHOLDERS' FUNDS

31,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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 13 July 2023 and were signed on its behalf by:

Mr J K Ashby - Director

Mr M Keeble - Director

1.	STATUTORY INFORMATION

Motorpart Logistics 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 period 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 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 period 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 period was 6 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

Additions

2,000

8,900

3,439

14,339

At 31 December 2022

2,000

8,900

3,439

14,339

DEPRECIATION

Charge for period

311

2,298

897

3,506

At 31 December 2022

311

2,298

897

3,506

NET BOOK VALUE

At 31 December 2022

1,689

6,602

2,542

10,833

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

39,875

Prepayments

2,557

42,432

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

76,515

Tax

11,485

Social security and other taxes

1,170

VAT

8,771

Pension

277

Directors' current accounts

894

Accrued expenses

2,000

101,112

7.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Accelerated capital allowances

2,058

Deferred

tax

£

Provided during period

2,058

Balance at 31 December 2022

2,058

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary shares

£1

100

100 Ordinary shares shares of £1 each were allotted and fully paid for cash at par during the period.