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REGISTERED NUMBER: 03782822 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Kilby Motors Limited

Kilby Motors Limited (Registered number: 03782822)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Kilby Motors Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S Parmar
Mrs A Parmar





SECRETARY: Mrs A Parmar





REGISTERED OFFICE: Wellingborough Road
Irthlingborough
Wellingborough
Northamptonshire
NN9 5RE





REGISTERED NUMBER: 03782822 (England and Wales)





ACCOUNTANTS: Kempton Accountancy Services Limited
31 Lake Drive
Weldon
Northamptonshire
NN17 3FE

Kilby Motors Limited (Registered number: 03782822)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 84,786 89,332
84,786 89,332

CURRENT ASSETS
Stocks 6 114,299 122,081
Debtors 7 20,115 37,181
Cash at bank and in hand 345,807 460,035
480,221 619,297
CREDITORS
Amounts falling due within one year 8 87,214 174,580
NET CURRENT ASSETS 393,007 444,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,793

534,049

PROVISIONS FOR LIABILITIES 3,592 3,592
NET ASSETS 474,201 530,457

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 474,101 530,357
SHAREHOLDERS' FUNDS 474,201 530,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Kilby Motors Limited (Registered number: 03782822)

Balance Sheet - continued
31 August 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 22 November 2023 and were signed on its behalf by:




Mrs A Parmar - Director



S Parmar - Director


Kilby Motors Limited (Registered number: 03782822)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Kilby Motors 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.

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.

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 nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Kilby Motors Limited (Registered number: 03782822)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 38,000
AMORTISATION
At 1 September 2022
and 31 August 2023 38,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 142,490 87,925 8,200 238,615
DEPRECIATION
At 1 September 2022 61,287 81,194 6,802 149,283
Charge for year 2,850 1,346 350 4,546
At 31 August 2023 64,137 82,540 7,152 153,829
NET BOOK VALUE
At 31 August 2023 78,353 5,385 1,048 84,786
At 31 August 2022 81,203 6,731 1,398 89,332

6. STOCKS
31.8.23 31.8.22
£    £   
Stocks 33,000 32,500
Finished goods 81,299 89,581
114,299 122,081

Kilby Motors Limited (Registered number: 03782822)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 18,508 35,574
Prepayments and accrued income 1,607 1,607
20,115 37,181

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 10,660 16,860
Tax - 17,761
Social security and other taxes 1,861 1,887
VAT 16,105 13,847
Other creditors - 5,100
Directors' current accounts 56,588 117,125
Accruals and deferred income 2,000 2,000
87,214 174,580

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

Kilby Motors Limited

Report of the Accountants to the Directors of
Kilby Motors Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kempton Accountancy Services Limited
31 Lake Drive
Weldon
Northamptonshire
NN17 3FE


22 November 2023