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Company Registration No. 11907711 (England and Wales)
APPROVED USED MOTORS LTD Unaudited accounts for the year ended 31 March 2023
APPROVED USED MOTORS LTD Unaudited accounts Contents
Page
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APPROVED USED MOTORS LTD Company Information for the year ended 31 March 2023
Director
Mr Fareed Scandari
Company Number
11907711 (England and Wales)
Registered Office
6 COTSWOLD GATE LONDON NW2 1QS ENGLAND
Accountants
Yahya & Co Accountants Ltd T/A Yahya Accountancy 164 West Hendon Broadway London NW9 7AA
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APPROVED USED MOTORS LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
380 
380 
Current assets
Inventories
30,000 
48,000 
Cash at bank and in hand
1 
572 
30,001 
48,572 
Creditors: amounts falling due within one year
(13,020)
(13,486)
Net current assets
16,981 
35,086 
Total assets less current liabilities
17,361 
35,466 
Creditors: amounts falling due after more than one year
(34,022)
(34,022)
Net (liabilities)/assets
(16,661)
1,444 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(16,662)
1,443 
Shareholders' funds
(16,661)
1,444 
For the year ending 31 March 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 6 March 2024 and were signed on its behalf by
Mr Fareed Scandari Director Company Registration No. 11907711
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APPROVED USED MOTORS LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
APPROVED USED MOTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 11907711. The registered office is 6 COTSWOLD GATE, LONDON, NW2 1QS, 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 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:
Computer equipment
18% Reducing Balance Method
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
490 
At 31 March 2023
490 
Depreciation
At 1 April 2022
110 
At 31 March 2023
110 
Net book value
At 31 March 2023
380 
At 31 March 2022
380 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,198 
9,666 
Taxes and social security
- 
329 
Loans from directors
6,922 
2,891 
Accruals
900 
600 
13,020 
13,486 
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APPROVED USED MOTORS LTD Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,022 
34,022 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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