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Company Registration No. 11773181 (England and Wales)
NICK & STEFAN MOTOR WORKS LTD Unaudited accounts for the year ended 31 January 2023
NICK & STEFAN MOTOR WORKS LTD Unaudited accounts Contents
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NICK & STEFAN MOTOR WORKS LTD Company Information for the year ended 31 January 2023
Director
Mircea Stefan Antonescu
Company Number
11773181 (England and Wales)
Registered Office
UNIT 6 WILLIAM HANKE INDUSTRIAL ESTATE BRIERLEY HILL WEST MIDLANDS DY5 2ZA ENGLAND
Accountants
Clark & Deen Taxpro Limited Benson House, Suite D 98-104 Lombard Street Birmingham West Midlands B12 0QR
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NICK & STEFAN MOTOR WORKS LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,516 
14,898 
Current assets
Debtors
1,637 
2,538 
Cash at bank and in hand
41,236 
18,972 
42,873 
21,510 
Creditors: amounts falling due within one year
(34,720)
(35,420)
Net current assets/(liabilities)
8,153 
(13,910)
Net assets
22,669 
988 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
22,569 
888 
Shareholders' funds
22,669 
988 
For the year ending 31 January 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 9 August 2023 and were signed on its behalf by
Mircea Stefan Antonescu Director Company Registration No. 11773181
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NICK & STEFAN MOTOR WORKS LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
NICK & STEFAN MOTOR WORKS LTD is a private company, limited by shares, registered in England and Wales, registration number 11773181. The registered office is UNIT 6, WILLIAM HANKE INDUSTRIAL ESTATE, BRIERLEY HILL, WEST MIDLANDS, DY5 2ZA, 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 remained unchanged from the previous year, and also 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
15% on reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2022
20,658 
Additions
2,180 
At 31 January 2023
22,838 
Depreciation
At 1 February 2022
5,760 
Charge for the year
2,562 
At 31 January 2023
8,322 
Net book value
At 31 January 2023
14,516 
At 31 January 2022
14,898 
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NICK & STEFAN MOTOR WORKS LTD Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
866 
995 
Accrued income and prepayments
771 
1,543 
1,637 
2,538 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
16,045 
20,104 
VAT
1,807 
3,457 
Trade creditors
6,217 
3,645 
Taxes and social security
9,308 
4,119 
Other creditors
1,000 
- 
Loans from directors
(1,610)
2,070 
Accruals
1,953 
2,025 
34,720 
35,420 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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