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Registered number: 09442441

AM CARS SPARES PARTS LTD

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023

Prepared By:
Primus Accounting Ltd
896 Woodborough Road
Nottingham
NG3 5QR

AM CARS SPARES PARTS LTD

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
MARCIN PASEK
REGISTERED OFFICE
26 BROOM GARDENS
LEEDS
LS10 3JW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09442441
ACCOUNTANTS
Primus Accounting Ltd
896 Woodborough Road
Nottingham
NG3 5QR

AM CARS SPARES PARTS LTD

ACCOUNTS
FOR THEYEARENDED28/02/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

AM CARS SPARES PARTS LTD

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets347920,669
CURRENT ASSETS
Stock2,4982,498
Debtors57,200-
Cash at bank and in hand30861
10,0062,559
CREDITORS: Amounts falling due within one year61,6602,957
NET CURRENT ASSETS / (LIABILITIES)8,346(398)
TOTAL ASSETS LESS CURRENT LIABILITIES8,82520,271
CREDITORS: Amounts falling due after more than one year78,33310,833
NET ASSETS4929,438
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account3929,338
SHAREHOLDERS' FUNDS4929,438
For the year ending 28/02/2023 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 01/11/2023 and signed on their behalf by
.............................
MARCIN PASEK
Director

AM CARS SPARES PARTS LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentstraight line 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Government Grants Deferred
Government grants received are treated as deferred credits and credited to profit and loss account over the estimated useful life of the relevant fixed assets.
2. EMPLOYEES
20232022
No.No.
Average number of employees--

AM CARS SPARES PARTS LTD

3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentMotor CarsTotal
££££
Cost
At 01/03/202225,8291,63112,32839,788
Disposals(15,960)--(15,960)
At 28/02/20239,8691,63112,32823,828
Depreciation
At 01/03/20225,87991212,32819,119
For the year3,990240-4,230
At 28/02/20239,8691,15212,32823,349
Net Book Amounts
At 28/02/2023-479-479
At 28/02/202219,950719-20,669
4. STOCK 20232022
££
Stock comprises:
Stock2,4982,498
2,4982,498
5. DEBTORS 20232022
££
Amounts falling due within one year
Directors current account7,200-
7,200-
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax1,654187
Directors current account-2,770
Other creditors6-
1,6602,957

AM CARS SPARES PARTS LTD

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr8,33310,833
8,33310,833
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100