20 July 2022 false No description of principal activity Taxfiler 2023.9 14247163business:PrivateLimitedCompanyLtd2022-07-202023-07-31 142471632022-07-19 142471632022-07-202023-07-31 14247163business:AuditExempt-NoAccountantsReport2022-07-202023-07-31 14247163business:FilletedAccounts2022-07-202023-07-31 142471632023-07-31 14247163business:Director12022-07-202023-07-31 14247163business:RegisteredOffice2022-07-202023-07-31 14247163core:WithinOneYear2023-07-31 14247163core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 14247163core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 14247163core:PreviouslyStatedAmount2023-07-31 14247163business:SmallEntities2022-07-202023-07-31 14247163countries:EnglandWales2022-07-202023-07-31 14247163core:PlantMachinery2022-07-202023-07-31 14247163core:ComputerEquipment2022-07-19 14247163core:ComputerEquipment2022-07-202023-07-31 14247163core:ComputerEquipment2023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 14247163 (England and Wales)
AUTOBARN MOTOR COMPANY LTD Management Accounts for the period from 20 July 2022 to 31 July 2023
AUTOBARN MOTOR COMPANY LTD Management Accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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AUTOBARN MOTOR COMPANY LTD Company Information for the period from 20 July 2022 to 31 July 2023
Director
Sahd Bin AJMAL
Company Number
14247163 (England and Wales)
Registered Office
21 EDGE END AVENUE BRIERFIELD NELSON LANCASHIRE BB9 0PN ENGLAND
Accountants
AWS Chartered Certified Accountants The Mosses Community Centre Cecil Street Bury BL9 0SB
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AUTOBARN MOTOR COMPANY LTD Statement of financial position as at 31 July 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
4
7,080 
Current assets
Inventories
240,289 
Cash at bank and in hand
75,253 
315,542 
Creditors: amounts falling due within one year
5
(306,132)
Net current assets
9,410 
Net assets
16,490 
Capital and reserves
Called up share capital
100 
Profit and loss account
16,390 
Shareholders' funds
16,490 
For the period ending 31 July 2023 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 13 July 2023 and were signed on its behalf by
Sahd Bin AJMAL Director Company Registration No. 14247163
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AUTOBARN MOTOR COMPANY LTD Notes to the Accounts for the period from 20 July 2022 to 31 July 2023
1
Statutory information
AUTOBARN MOTOR COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 14247163. The registered office is 21 EDGE END AVENUE, BRIERFIELD, NELSON, LANCASHIRE, BB9 0PN, 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:
Plant & machinery
20% on reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 20 July 2022
- 
Additions
8,850 
At 31 July 2023
8,850 
Depreciation
Charge for the period
1,770 
At 31 July 2023
1,770 
Net book value
At 31 July 2023
7,080 
5
Creditors: amounts falling due within one year
2023 
£ 
VAT
26,029 
Taxes and social security
2,442 
Other creditors
13,695 
Loans from directors
263,966 
306,132 
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AUTOBARN MOTOR COMPANY LTD Notes to the Accounts for the period from 20 July 2022 to 31 July 2023
6
Average number of employees
During the period the average number of employees was 3.
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