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REGISTERED NUMBER: 08792944 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

SUV 4X4 Limited

SUV 4X4 Limited (Registered number: 08792944)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUV 4X4 Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: RP Dhesi
Mrs S Dhesi





REGISTERED OFFICE: Unit 517
Avenue E East
Thorp Arch Estate
Wetherby
LS23 7EG





REGISTERED NUMBER: 08792944 (England and Wales)





ACCOUNTANTS: KJA Kilner Johnson Ltd
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

SUV 4X4 Limited (Registered number: 08792944)

Balance Sheet
28 February 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 114,705 128,297
114,705 128,297

CURRENT ASSETS
Stocks 6 4,658,452 4,423,350
Debtors 7 139,437 228,733
Cash at bank 178,311 115,373
4,976,200 4,767,456
CREDITORS
Amounts falling due within one year 8 4,914,306 4,731,926
NET CURRENT ASSETS 61,894 35,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,599

163,827

CREDITORS
Amounts falling due after more than one
year

9

(22,500

)

(35,000

)

PROVISIONS FOR LIABILITIES (33,894 ) (32,074 )
NET ASSETS 120,205 96,753

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 120,105 96,653
120,205 96,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

SUV 4X4 Limited (Registered number: 08792944)

Balance Sheet - continued
28 February 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 29 November 2023 and were signed on its behalf by:





RP Dhesi - Director


SUV 4X4 Limited (Registered number: 08792944)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

SUV 4X4 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% reducing balance
Plant and machinery - 25% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance

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.

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.

Stocking loans
The stocking loans are secured by various charges. Repayments are made as and when the stock items are sold.

SUV 4X4 Limited (Registered number: 08792944)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS

Intangible assets consisting of goodwill were initially measured at cost. After initial recognition intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses.

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2022 59,588 99,972 10,669 15,350 185,579
Additions 7,775 2,200 24,515 - 34,490
Disposals - (27,420 ) (7,049 ) - (34,469 )
At 28 February 2023 67,363 74,752 28,135 15,350 185,600
DEPRECIATION
At 1 March 2022 5,959 37,811 9,674 3,838 57,282
Charge for year 6,076 10,493 3,731 2,878 23,178
Eliminated on disposal - (5,429 ) (4,136 ) - (9,565 )
At 28 February 2023 12,035 42,875 9,269 6,716 70,895
NET BOOK VALUE
At 28 February 2023 55,328 31,877 18,866 8,634 114,705
At 28 February 2022 53,629 62,161 995 11,512 128,297

6. STOCKS
2023 2022
as restated
£    £   
Finished goods 4,658,452 4,423,350

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 109,437 26,990
Other debtors 30,000 201,743
139,437 228,733

SUV 4X4 Limited (Registered number: 08792944)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 10,000 7,500
Other loans 3,895,152 3,707,544
Trade creditors 160,679 154,743
Tax 67,730 47,653
Social security and other taxes 66,113 53,096
VAT 15,400 40,641
Other creditors 18,639 16,650
Directors' current accounts 676,293 663,489
Accrued expenses 4,300 40,610
4,914,306 4,731,926

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Bank loans 10,000 22,500
Bank loans - 2-5 years 12,500 12,500
22,500 35,000

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
as restated
£    £   
Within one year 130,000 -
Between one and five years 500,000 -
In more than five years 200,000 -
830,000 -

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Le Capital UK Asset 1 Limited 609,176 -

Lloyds Banking Group has a fixed and a floating charge over the company assets .

Le Capital UK (Asset 1) Limited has a floating charge over the company assets .