SHEFMOTORS LIMITED

Company Registration Number:
12191109 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

SHEFMOTORS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 11

SHEFMOTORS LIMITED

Company Information

for the Period Ended 30 September 2023




Director: Fatima SHEIDU
Registered office: Office 28 Pinnacle House
Newark Road
Peterborough
England
PE1 5YD
Company Registration Number: 12191109 (England and Wales)

SHEFMOTORS LIMITED

Directors' Report Period Ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Principal Activities

The principal activity of the company is the sale of used cars and light motor vehicles.

Directors

The directors shown below have held office during the whole of the period from 01 October 2022 to 30 September 2023
Fatima SHEIDU

This report was approved by the board of directors on 23 October 2023
And Signed On Behalf Of The Board By:

Name: Fatima SHEIDU
Status: Director

SHEFMOTORS LIMITED

Balance sheet

As at 30 September 2023


Notes

2023
£

2022
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 9,800 8,309
Debtors: 5 1,774
Cash at bank and in hand: 37,013 37,047
Total current assets: 46,813 47,130
Creditors: amounts falling due within one year: 6 ( 14,440 ) ( 12,351 )
Net current assets (liabilities): 32,373 34,779
Total assets less current liabilities: 32,373 34,779
Creditors: amounts falling due after more than one year: 7 ( 16,809 ) ( 26,361 )
Total net assets (liabilities): 15,564 8,418

The notes form part of these financial statements

SHEFMOTORS LIMITED

Balance sheet continued

As at 30 September 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 15,464 8,318
Shareholders funds: 15,564 8,418

For the year ending 30 September 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 23 October 2023
And Signed On Behalf Of The Board By:

Name: Fatima SHEIDU
Status: Director

The notes form part of these financial statements

SHEFMOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable on the provision of services, net of VAT, and trade discounts on the provision of services falling within the company’s ordinary activities.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates to write off the assets over their estimated useful lives:
    Motor vehicle 25% reducing balance method
    Office equipment 25% straight-line method
    Furniture & fittings 25% straight-line method

    Other accounting policies

    Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the directors' opinion, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

SHEFMOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

SHEFMOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 3. Off balance sheet disclosure

    No

SHEFMOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Dividends


2023
£

2022
£
Dividends paid 9,544

SHEFMOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Debtors


2023
£

2022
£
Other debtors 1,774
Total 1,774

SHEFMOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 10,000 10,000
Taxation and social security 3,915 1,951
Accruals and deferred income 525 400
Total 14,440 12,351

SHEFMOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 16,809 26,361
Total 16,809 26,361