2022-05-01 08019117 2023-04-30 08019117 2022-05-01 2023-04-30 08019117 2022-04-30 08019117 2021-05-01 2022-04-30 08019117 uk-core:WithinOneYear 2022-04-30 08019117 uk-core:WithinOneYear 2023-04-30 08019117 uk-core:AfterOneYear 2022-04-30 08019117 uk-core:AfterOneYear 2023-04-30 08019117 uk-core:ShareCapital 2023-04-30 08019117 uk-core:ShareCapital 2022-04-30 08019117 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 08019117 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 08019117 uk-bus:Director1 2022-05-01 2023-04-30 08019117 uk-core:NetGoodwill 2022-05-01 2023-04-30 08019117 uk-core:PlantMachinery 2022-05-01 2023-04-30 08019117 uk-core:ToolsEquipment 2022-05-01 2023-04-30 08019117 uk-core:CommercialMotorVehicles 2022-05-01 2023-04-30 08019117 uk-core:FurnitureFittings 2022-05-01 2023-04-30 08019117 uk-core:Goodwill 2022-04-30 08019117 uk-core:Goodwill 2023-04-30 08019117 uk-core:ToolsEquipment 2022-04-30 08019117 uk-core:FurnitureFittings 2022-04-30 08019117 uk-core:CommercialMotorVehicles 2022-04-30 08019117 uk-core:PlantMachinery 2022-04-30 08019117 uk-core:Buildings 2022-04-30 08019117 uk-core:Buildings 2022-05-01 2023-04-30 08019117 uk-core:Buildings 2023-04-30 08019117 uk-core:CommercialMotorVehicles 2023-04-30 08019117 uk-core:FurnitureFittings 2023-04-30 08019117 uk-core:ToolsEquipment 2023-04-30 08019117 uk-core:PlantMachinery 2023-04-30 08019117 uk-core:AfterOneYear uk-core:Secured 2023-04-30 08019117 uk-core:AfterOneYear uk-core:Secured 2022-04-30 iso4217:GBP xbrli:pure 08019117 uk-bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 08019117 uk-bus:FRS102 2022-05-01 2023-04-30 08019117 uk-bus:FullAccounts 2022-05-01 2023-04-30 08019117 uk-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30
Sherburn Motor Spares Limited
Registered Number:08019117
For the year ended 30 April 2023
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 30 April 2023
Sherburn Motor Spares Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08019117
As at 30 April 2023
Sherburn Motor Spares Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
8,750
8,750
2
Property, plant and equipment
538,340
499,156
3
547,090
507,906
Current assets
Inventories
72,664
79,930
4
Trade and other receivables
5,483
10,678
5
115,798
Cash and cash equivalents
238,126
328,734
193,945
Trade and other payables: amounts falling due within one
year
(85,651)
(113,290)
6
108,294
215,444
Net current assets
Total assets less current liabilities
762,534
616,200
Trade and other payables: amounts falling due after more
than one year
(261,242)
(256,454)
7
506,080
Net assets
354,958
Capital and reserves
Called up share capital
102
100
Retained earnings
505,978
354,858
506,080
354,958
Shareholders' funds
For the year ended 30 April 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
P Peacock Director
These financial statements were approved and authorised for issue by the Board on 14 September 2023 and were signed by:
1 of 5
4
Registered Number :
08019117
For the year ended 30 April 2023
Sherburn Motor Spares Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 30 April 2023
Sherburn Motor Spares Limited
Notes to the Financial Statements
Statutory Information
Sherburn Motor Spares Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08019117.
Principal place of business:
Moor Lane Trading Estate
Sherburn in Elmet
Leeds
West Yorkshire
LS25 6ET
Registered address:
36 Ropergate
Pontefract
West Yorkshire
WF8 1LY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
33% Straight line
Computer equipment
25% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
3 of 5
6
For the year ended 30 April 2023
Sherburn Motor Spares Limited
Notes to the Financial Statements Continued
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 May 2022
17,500
At 30 April 2023
17,500
Amortisation
At 01 May 2022
8,750
At 30 April 2023
8,750
Net book value
At 30 April 2023
8,750
At 30 April 2022
8,750
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or
valuation
At 01 May 2022
593,980
9,396
9,734
127,533
29,499
417,818
100,620
1,281
-
96,048
3,291
-
Additions
-
-
(88,900)
-
-
Disposals
(88,900)
At 30 April 2023
417,818
134,681
9,734
10,677
605,700
32,790
Provision for depreciation and impairment
At 01 May 2022
94,824
5,609
5,406
65,475
18,334
-
Charge for year
19,765
1,366
649
15,515
2,235
-
(47,229)
-
-
(47,229)
-
-
On disposal
At 30 April 2023
67,360
6,975
6,055
33,761
20,569
-
At 30 April 2023
Net book value
417,818
12,221
100,920
3,679
3,702
538,340
417,818
11,165
62,058
4,328
3,787
499,156
At 30 April 2022
Land & Buildings revaluation carried out 25 August 2021.
4 of 5
7
For the year ended 30 April 2023
Sherburn Motor Spares Limited
Notes to the Financial Statements Continued
4. Inventories
2022
2023
£
£
Stocks
79,930
72,664
5. Trade and other receivables
2022
2023
£
£
Other debtors
10,678
5,483
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
4,906
20
Taxation and social security
91,402
70,151
Other creditors
16,982
15,480
113,290
85,651
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
31,570
41,297
Bank loans and overdraft (secured)
156,836
170,743
Other creditors
68,048
49,202
256,454
261,242
8. Average number of persons employed
During the year the average number of employees was 6 (2022 : 9)
5 of 5