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Company Registration No. 13914859 (England and Wales)
MOTOR POINT LEEDS LTD Unaudited accounts for the period from 14 February 2022 to 28 February 2023
MOTOR POINT LEEDS LTD Unaudited accounts Contents
Page
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MOTOR POINT LEEDS LTD Company Information for the period from 14 February 2022 to 28 February 2023
Directors
Mohammed Sajid YAKOOB Sherab YAKOOB
Company Number
13914859 (England and Wales)
Registered Office
8A COWPER ROAD LEEDS LS9 7AP ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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MOTOR POINT LEEDS LTD Statement of financial position as at 28 February 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
5,858 
Current assets
Debtors
100 
Cash at bank and in hand
10,638 
10,738 
Creditors: amounts falling due within one year
(7,952)
Net current assets
2,786 
Net assets
8,644 
Capital and reserves
Called up share capital
100 
Profit and loss account
8,544 
Shareholders' funds
8,644 
For the period 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 directors acknowledge their 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 of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by
Mohammed Sajid YAKOOB Director Company Registration No. 13914859
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MOTOR POINT LEEDS LTD Notes to the Accounts for the period from 14 February 2022 to 28 February 2023
1
Statutory information
MOTOR POINT LEEDS LTD is a private company, limited by shares, registered in England and Wales, registration number 13914859. The registered office is 8A COWPER ROAD, LEEDS, LS9 7AP, ENGLAND.
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 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Plant & machinery
20% diminishing balance method.
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MOTOR POINT LEEDS LTD Notes to the Accounts for the period from 14 February 2022 to 28 February 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 14 February 2022
- 
Additions
7,322 
At 28 February 2023
7,322 
Depreciation
Charge for the period
1,464 
At 28 February 2023
1,464 
Net book value
At 28 February 2023
5,858 
5
Debtors
2023 
£ 
Amounts falling due after more than one year
Other debtors
100 
6
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
630 
Loans from directors
7,322 
7,952 
7
Average number of employees
During the period the average number of employees was 1.
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