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REGISTERED NUMBER: 03253186 (England and Wales)















Allmake Motor Parts Limited

Unaudited Financial Statements

for the year ended

31 October 2023






Allmake Motor Parts Limited (Registered number: 03253186)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

Allmake Motor Parts Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: R A Batley
C A Snowling
Mrs F L Batley
Mrs R E Snowling





REGISTERED OFFICE: 23-25 Sawmills Road
Diss
Norfolk
IP22 4GG





REGISTERED NUMBER: 03253186 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT

Allmake Motor Parts Limited (Registered number: 03253186)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 147,349 192,657

CURRENT ASSETS
Stocks 307,952 311,152
Debtors 5 536,848 483,963
Cash at bank 480,283 251,346
1,325,083 1,046,461
CREDITORS
Amounts falling due within one year 6 (736,244 ) (611,515 )
NET CURRENT ASSETS 588,839 434,946
TOTAL ASSETS LESS CURRENT LIABILITIES 736,188 627,603

PROVISIONS FOR LIABILITIES (35,938 ) (43,825 )
NET ASSETS 700,250 583,778

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 700,050 583,578
SHAREHOLDERS' FUNDS 700,250 583,778

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

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

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 13 February 2024 and were signed on its behalf by:





R A Batley - Director


Allmake Motor Parts Limited (Registered number: 03253186)

Notes to the Financial Statements
for the year ended 31 October 2023


1. STATUTORY INFORMATION

Allmake Motor Parts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 22 (2022 - 21 ) .

Allmake Motor Parts Limited (Registered number: 03253186)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2022 7,428 69,352 13,439
Additions - - -
At 31 October 2023 7,428 69,352 13,439
DEPRECIATION
At 1 November 2022 3,098 62,072 9,532
Charge for year 733 1,749 977
At 31 October 2023 3,831 63,821 10,509
NET BOOK VALUE
At 31 October 2023 3,597 5,531 2,930
At 31 October 2022 4,330 7,280 3,907

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 244,212 68,610 403,041
Additions - 3,809 3,809
At 31 October 2023 244,212 72,419 406,850
DEPRECIATION
At 1 November 2022 67,542 68,140 210,384
Charge for year 44,318 1,340 49,117
At 31 October 2023 111,860 69,480 259,501
NET BOOK VALUE
At 31 October 2023 132,352 2,939 147,349
At 31 October 2022 176,670 470 192,657

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 535,768 477,245
Amounts owed by group undertakings 1,080 6,718
536,848 483,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 491,243 445,749
Taxation and social security 236,973 158,907
Other creditors 8,028 6,859
736,244 611,515

Allmake Motor Parts Limited (Registered number: 03253186)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 22,000 22,000
Between one and five years 75,167 88,000
In more than five years - 9,166
97,167 119,166

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary share capital £1 100 100
100 Ordinary B share capital £1 100 100
200 200

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Allmake Motor Parts 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Allmake Motor Parts Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Allmake Motor Parts Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Allmake Motor Parts Limited and state those matters that we have agreed to state to the Board of Directors of Allmake Motor Parts Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Allmake Motor Parts Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Allmake Motor Parts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Allmake Motor Parts Limited. You consider that Allmake Motor Parts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Allmake Motor Parts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT


14 February 2024