AB MOTORS & COMMERCIALS LTD

Company Registration Number:
NI622251 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

AB MOTORS & COMMERCIALS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

AB MOTORS & COMMERCIALS LTD

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 47,909 85,513
Total fixed assets: 47,909 85,513
Current assets
Stocks: 598,591 596,487
Debtors:   293,262 176,392
Cash at bank and in hand: 1,019,862 424,898
Total current assets: 1,911,715 1,197,777
Creditors: amounts falling due within one year:   (532,417) (150,912)
Net current assets (liabilities): 1,379,298 1,046,865
Total assets less current liabilities: 1,427,207 1,132,378
Creditors: amounts falling due after more than one year:   (73,667) (83,333)
Total net assets (liabilities): 1,353,540 1,049,045
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,353,440 1,048,945
Shareholders funds: 1,353,540 1,049,045

The notes form part of these financial statements

AB MOTORS & COMMERCIALS LTD

Balance sheet statements

For the year ending 31 January 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 October 2023
and signed on behalf of the board by:

Name: Alan Bolton
Status: Director

The notes form part of these financial statements

AB MOTORS & COMMERCIALS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

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

AB MOTORS & COMMERCIALS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

AB MOTORS & COMMERCIALS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 121,084
Disposals (41,000)
At 31 January 2023 80,084
Depreciation
At 01 February 2022 35,571
On disposals (3,396)
At 31 January 2023 32,175
Net book value
At 31 January 2023 47,909
At 31 January 2022 85,513