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REGISTERED NUMBER: 09592705 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Herts and Essex Motor Company Ltd

Herts and Essex Motor Company Ltd (Registered number: 09592705)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Herts and Essex Motor Company Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mrs Sheri Tracey Wild





REGISTERED OFFICE: Unit F
Bingley Road
Hoddesdon
Herts
EN11 0NX





REGISTERED NUMBER: 09592705 (England and Wales)





ACCOUNTANTS: Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU

Herts and Essex Motor Company Ltd (Registered number: 09592705)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 16,576 8,883

CURRENT ASSETS
Inventories 5 1,948,175 1,491,636
Debtors 6 159,554 18,415
Cash at bank and in hand 13,889 387,602
2,121,618 1,897,653
CREDITORS
Amounts falling due within one year 7 1,711,532 1,465,175
NET CURRENT ASSETS 410,086 432,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,662

441,361

CREDITORS
Amounts falling due after more than
one year

8

29,803

67,486
NET ASSETS 396,859 373,875

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 396,759 373,775
SHAREHOLDERS' FUNDS 396,859 373,875

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Herts and Essex Motor Company Ltd (Registered number: 09592705)

Statement of Financial Position - continued
31 August 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 director and authorised for issue on 6 March 2024 and were signed by:





Mrs Sheri Tracey Wild - Director


Herts and Essex Motor Company Ltd (Registered number: 09592705)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Herts and Essex Motor Company Ltd 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
Revenue 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

Herts and Essex Motor Company Ltd (Registered number: 09592705)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 3,665 7,319 6,778 17,762
Additions 1,667 9,996 - 11,663
At 31 August 2023 5,332 17,315 6,778 29,425
DEPRECIATION
At 1 September 2022 1,788 5,118 1,973 8,879
Charge for year 570 2,439 961 3,970
At 31 August 2023 2,358 7,557 2,934 12,849
NET BOOK VALUE
At 31 August 2023 2,974 9,758 3,844 16,576
At 31 August 2022 1,877 2,201 4,805 8,883

5. INVENTORIES
31.8.23 31.8.22
£    £   
Stocks 1,948,175 1,491,636

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade Debtors 10,949 -
Deposit 14,400 14,400
Other Debtors 6,000 -
Value Added Tax 122,020 -
Prepayments 6,185 4,015
159,554 18,415

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade Creditors 39,680 36,228
Wages Payable - 6,833
Value Added Tax - 9,272
Credit Card- 31009 7,618 -
Other Creditors 103,717 -
Director's Current Account 1,560,517 1,412,842
1,711,532 1,465,175

Herts and Essex Motor Company Ltd (Registered number: 09592705)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.23 31.8.22
£    £   
Bounce Back Loan 29,803 45,331
Close Bros Ltd - 22,155
29,803 67,486

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary Shares 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 September 2022 373,775
Profit for the year 22,984
At 31 August 2023 396,759

Herts and Essex Motor Company Ltd

Report of the Accountants to the Director of
Herts and Essex Motor Company Ltd

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU


Date: .............................................