2022-11-012023-10-312023-10-31false1173312853 MOTORS 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53 MOTORS LTD

Registered Number
11733128
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

53 MOTORS LTD
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

YILDIRIM, Varol

Registered Address

14a Winchmore Hill Road
London
N14 6PT

Registered Number

11733128 (England and Wales)
53 MOTORS LTD
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets51,1791,519
1,1791,519
Current assets
Debtors65,00311,326
Cash at bank and on hand8,8002,353
13,80313,679
Creditors amounts falling due within one year7(7,123)(4,451)
Net current assets (liabilities)6,6809,228
Total assets less current liabilities7,85910,747
Creditors amounts falling due after one year(7,533)(10,560)
Net assets326187
Capital and reserves
Called up share capital100100
Profit and loss account22687
Shareholders' funds326187
The financial statements were approved and authorised for issue by the Director on 3 November 2023, and are signed on its behalf by:
YILDIRIM, Varol
Director
Registered Company No. 11733128
53 MOTORS LTD
Notes to the Financial Statements
for the year ended 31 October 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Vehicles5
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 November 221,700
At 31 October 231,700
Depreciation and impairment
At 01 November 22181
Charge for year340
At 31 October 23521
Net book value
At 31 October 231,179
At 31 October 221,519
6.Debtors

2023

2022

££
Other debtors5,00311,326
Total5,00311,326
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables1,008-
Taxation and social security6,1154,451
Total7,1234,451
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.