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Company Registration No. 11389395 (England and Wales)
H&T Motor Style UK Limited Unaudited accounts for the year ended 31 May 2023
H&T Motor Style UK Limited Unaudited accounts Contents
Page
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H&T Motor Style UK Limited Company Information for the year ended 31 May 2023
Director
Mr Hristo Hristov
Company Number
11389395 (England and Wales)
Registered Office
136 Beaver Road Ashford TN23 7SS
Accountants
Prody Books Ltd The Old Library St Faith's Street Maidstone Kent ME14 1LH
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H&T Motor Style UK Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,885 
8,235 
Current assets
Debtors
30,105 
37,551 
Cash at bank and in hand
8,842 
6,498 
38,947 
44,049 
Creditors: amounts falling due within one year
(22,858)
(17,278)
Net current assets
16,089 
26,771 
Total assets less current liabilities
23,974 
35,006 
Creditors: amounts falling due after more than one year
(20,627)
(30,223)
Net assets
3,347 
4,783 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,247 
4,683 
Shareholders' funds
3,347 
4,783 
For the year ending 31 May 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 20 February 2024 and were signed on its behalf by
Mr Hristo Hristov Director Company Registration No. 11389395
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H&T Motor Style UK Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
H&T Motor Style UK Limited is a private company, limited by shares, registered in England and Wales, registration number 11389395. The registered office is 136 Beaver Road, Ashford, TN23 7SS.
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.
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.
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:
Motor vehicles
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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H&T Motor Style UK Limited Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2022
13,675 
Additions
2,000 
At 31 May 2023
15,675 
Depreciation
At 1 June 2022
5,440 
Charge for the year
2,350 
At 31 May 2023
7,790 
Net book value
At 31 May 2023
7,885 
At 31 May 2022
8,235 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,872 
2,438 
Other debtors
27,233 
35,113 
30,105 
37,551 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,596 
9,401 
VAT
8,621 
4,165 
Taxes and social security
309 
413 
Loans from directors
3,507 
2,639 
Accruals
825 
660 
22,858 
17,278 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,627 
30,223 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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H&T Motor Style UK Limited Notes to the Accounts for the year ended 31 May 2023
9
Transactions with related parties
Dividends totaling £2,400 ( 2022 - £2,000) were paid in the year in respect of shares held by the company's director. Related party balances The reporting entity has a debit balance of £27,233 ( 2022 - £35,113) with a connected company.
10
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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