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REGISTERED NUMBER: 02295035 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

A 1 MOTOR STORES LIMITED

A 1 MOTOR STORES LIMITED (REGISTERED NUMBER: 02295035)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A 1 MOTOR STORES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: W Garratt
P Whitehead
G D Mason
M Wilkinson
M Doney
S Salloway
B A Hunt





SECRETARY: S Salloway





REGISTERED OFFICE: Unit 20 Waterfield Way
Sketchley Industrial Estate
Sketchley Meadows
Hinckley
Leicestershire
LE10 3ER





REGISTERED NUMBER: 02295035 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

A 1 MOTOR STORES LIMITED (REGISTERED NUMBER: 02295035)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,931 23,445
24,931 23,445

CURRENT ASSETS
Stocks 596,370 530,620
Debtors 6 846,005 747,717
Cash at bank and in hand 677,224 723,773
2,119,599 2,002,110
CREDITORS
Amounts falling due within one year 7 1,302,880 1,223,446
NET CURRENT ASSETS 816,719 778,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

841,650

802,109

CREDITORS
Amounts falling due after more than one
year

8

47,917

72,917
NET ASSETS 793,733 729,192

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 793,634 729,093
SHAREHOLDERS' FUNDS 793,733 729,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

A 1 MOTOR STORES LIMITED (REGISTERED NUMBER: 02295035)

BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





G D Mason - Director


A 1 MOTOR STORES LIMITED (REGISTERED NUMBER: 02295035)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

A 1 Motor Stores Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33.33% on cost, 25% on cost and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred tax
The directors do not wish to provide for deferred tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

A 1 MOTOR STORES LIMITED (REGISTERED NUMBER: 02295035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 9,950
AMORTISATION
At 1 July 2022
and 30 June 2023 9,950
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022 198,786
Additions 9,925
At 30 June 2023 208,711
DEPRECIATION
At 1 July 2022 175,341
Charge for year 8,439
At 30 June 2023 183,780
NET BOOK VALUE
At 30 June 2023 24,931
At 30 June 2022 23,445

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 721,842 578,595
Other debtors 124,163 169,122
846,005 747,717

A 1 MOTOR STORES LIMITED (REGISTERED NUMBER: 02295035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,000 25,000
Trade creditors 1,167,071 965,343
Taxation and social security 69,624 43,942
Other creditors 41,185 189,161
1,302,880 1,223,446

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 47,917 72,917

9. RELATED PARTY DISCLOSURES

All transactions with members are at arms length.