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Motor Schools Association of Great Britain; driver training and testing
Motor Schools Association of Great Britain; driver training and testing
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Financial report<br />
The Motor Schools<br />
Association of<br />
Great Britain Ltd<br />
Report to the directors on the<br />
preparation of the unaudited<br />
statutory accounts of The Motor<br />
Schools Association of Great<br />
Britain Ltd for the year ended 30<br />
November 2022<br />
In order to assist you to fulfil your<br />
duties under the Companies Act<br />
2006, we have prepared for your<br />
approval the accounts of The Motor<br />
Schools Association of Great Britain<br />
Ltd for the year ended 30 November<br />
2022 which comprise of the Income<br />
and Expenditure Account, the<br />
Balance Sheet and the related notes<br />
from the company’s accounting<br />
records and from information and<br />
explanations you have given us.<br />
As a practising member firm of<br />
the Association of Chartered<br />
Certified Accountants, we are<br />
subject to its ethical and other<br />
professional requirements which are<br />
detailed at http://rulebook.<br />
accaglobal.com/<br />
This report is made solely to the<br />
Board of Directors of The Motor<br />
Schools Association of Great Britain<br />
Ltd, as a body, in accordance with<br />
the terms of our engagement letter<br />
dated 26 January 2023. Our work has<br />
been undertaken solely to prepare<br />
for your approval the accounts of<br />
The Motor Schools Association of<br />
Great Britain Ltd and state those<br />
matters that we have agreed to state<br />
to the Board of Directors of The<br />
Motor Schools Association of Great<br />
Britain Ltd, as a body, in this report,<br />
in accordance with the<br />
requirements of the Association of<br />
Chartered Certified Accountants as<br />
detailed at http://www.accaglobal.<br />
com/factsheet163.<br />
To the fullest extent permitted by<br />
law, we do not accept or assume<br />
responsibility to anyone other than<br />
The Motor Schools Association of<br />
Great Britain Ltd and its Board of<br />
Directors as a body for our work or<br />
for this report.<br />
It is your duty to ensure that The<br />
Motor Schools Association of Great<br />
Britain Ltd has kept adequate<br />
accounting records and to prepare<br />
statutory accounts that give a true<br />
and fair view of the assets, liabilities,<br />
financial position and surplus of The<br />
Motor Schools Association of Great<br />
Britain Ltd. You consider that The<br />
Motor Schools Association of Great<br />
Britain Ltd is exempt from the<br />
statutory audit requirement for the<br />
year.<br />
We have not been instructed to<br />
carry out an audit or a review of the<br />
accounts of The Motor Schools<br />
Association of Great Britain Ltd. For<br />
this reason, we have not verified the<br />
accuracy or completeness of the<br />
accounting records or information<br />
and explanations you have given to<br />
us and we do not, therefore, express<br />
any opinion on the statutory<br />
accounts.<br />
Saffron Accountancy<br />
Services Limited<br />
Chartered Certified Accountants<br />
27 Chaucer Road London<br />
E7 9LZ<br />
Income and Expenditure Account<br />
for the year ended 30 November 2022<br />
For year ending 30th November 2022<br />
2022 2021<br />
£<br />
Income 104,073 110,599<br />
Cost of sales (5,651) (4,496)<br />
Gross surplus 98,422 106, 103<br />
Administrative expenses (90,939) (89,250)<br />
Operating surplus 7,483 16,853<br />
2022 2021<br />
£<br />
(Loss)/gain on revaluation of<br />
investments (1,895) 2,010<br />
Interest receivable - 1<br />
Surplus before taxation 5,588 18,864<br />
Tax on surplus - -<br />
Surplus for the financial year 5,588 18,864<br />
NEWSLINK n MARCH 2023 31
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