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Company Registration No. 07526757 (England and Wales)
MONZA MOTORS LIMITED Unaudited accounts for the year ended 28 February 2023
MONZA MOTORS LIMITED Unaudited accounts Contents
Page
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MONZA MOTORS LIMITED Company Information for the year ended 28 February 2023
Director
Mr Tokeer Ashraf,
Company Number
07526757 (England and Wales)
Registered Office
Unit 2, The Demeter Building, Brighton Road Stockport SK4 2BE United Kingdom
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MONZA MOTORS LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,584 
2,584 
Current assets
Inventories
192,500 
147,750 
Cash at bank and in hand
21,188 
26,490 
213,688 
174,240 
Creditors: amounts falling due within one year
(78,967)
(48,120)
Net current assets
134,721 
126,120 
Total assets less current liabilities
137,305 
128,704 
Creditors: amounts falling due after more than one year
(138,027)
(139,200)
Net liabilities
(722)
(10,496)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(822)
(10,596)
Shareholders' funds
(722)
(10,496)
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2023 and were signed on its behalf by
Mr Tokeer Ashraf, Director Company Registration No. 07526757
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MONZA MOTORS LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
MONZA MOTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07526757. The registered office is Unit 2, The Demeter Building, , Brighton Road, Stockport, SK4 2BE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
3,500 
At 28 February 2023
3,500 
Depreciation
At 1 March 2022
916 
At 28 February 2023
916 
Net book value
At 28 February 2023
2,584 
At 28 February 2022
2,584 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,500 
3,958 
Loans from directors
73,767 
42,462 
Accruals
1,700 
1,700 
78,967 
48,120 
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MONZA MOTORS LIMITED Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,977 
41,150 
Other creditors
98,050 
98,050 
138,027 
139,200 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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