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Company Registration No. 13399686 (England and Wales)
GENUINE EURO PARTS LTD Unaudited accounts for the year ended 31 May 2022
GENUINE EURO PARTS LTD Unaudited accounts Contents
Page
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GENUINE EURO PARTS LTD Company Information for the year ended 31 May 2022
Director
Ahmad Sharif FEIZI
Company Number
13399686 (England and Wales)
Registered Office
UNIT 4 MARSTON ROAD WOLVERHAMPTON WV2 4LA ENGLAND
Accountants
Fouladi and Co Accountants 30 High Street Cradley Heath West Midlands B64 5HL
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GENUINE EURO PARTS LTD Accountants' report
Accountants' report to the director of GENUINE EURO PARTS LTD on the preparation of the unaudited statutory accounts for the year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GENUINE EURO PARTS LTD for the year ended 31 May 2022 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of GENUINE EURO PARTS LTD, as a body, in accordance with the terms of our engagement letter dated 1 June 2021. Our work has been undertaken solely to prepare for your approval the accounts of GENUINE EURO PARTS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GENUINE EURO PARTS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GENUINE EURO PARTS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of GENUINE EURO PARTS LTD. You consider that GENUINE EURO PARTS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GENUINE EURO PARTS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Fouladi and Co Accountants 30 High Street Cradley Heath West Midlands B64 5HL 3 September 2022
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GENUINE EURO PARTS LTD Statement of financial position as at 31 May 2022
2022 
Notes
£ 
Fixed assets
Tangible assets
17,141 
Current assets
Inventories
33,500 
Cash at bank and in hand
1,090 
34,590 
Creditors: amounts falling due within one year
(77,092)
Net current liabilities
(42,502)
Net liabilities
(25,361)
Capital and reserves
Called up share capital
1 
Profit and loss account
(25,362)
Shareholders' funds
(25,361)
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 September 2022 and were signed on its behalf by
Ahmad Sharif FEIZI Director Company Registration No. 13399686
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GENUINE EURO PARTS LTD Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
GENUINE EURO PARTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13399686. The registered office is UNIT 4, MARSTON ROAD, WOLVERHAMPTON, WV2 4LA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2021
- 
- 
- 
Additions
12,000 
8,166 
20,166 
At 31 May 2022
12,000 
8,166 
20,166 
Depreciation
Charge for the year
1,800 
1,225 
3,025 
At 31 May 2022
1,800 
1,225 
3,025 
Net book value
At 31 May 2022
10,200 
6,941 
17,141 
5
Creditors: amounts falling due within one year
2022 
£ 
Bank loans and overdrafts
19,600 
Trade creditors
645 
Loans from directors
56,847 
77,092 
6
Average number of employees
During the year the average number of employees was 0.
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