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REGISTERED NUMBER: 07983584 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SHREEJEE MOTORS (LONDON) LIMITED

SHREEJEE MOTORS (LONDON) LIMITED (REGISTERED NUMBER: 07983584)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SHREEJEE MOTORS (LONDON) LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: R.B. Lakhtaria





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 07983584 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

SHREEJEE MOTORS (LONDON) LIMITED (REGISTERED NUMBER: 07983584)

STATEMENT OF FINANCIAL POSITION
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 54,191 60,759
54,191 60,759

CURRENT ASSETS
Stocks 11,800 9,250
Debtors 6 16,843 8,618
Cash at bank and in hand 203,120 215,660
231,763 233,528
CREDITORS
Amounts falling due within one year 7 148,324 127,451
NET CURRENT ASSETS 83,439 106,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,630

166,836

CREDITORS
Amounts falling due after more than one
year

8

(18,528

)

(41,603

)

PROVISIONS FOR LIABILITIES (3,870 ) (5,957 )
NET ASSETS 115,232 119,276

CAPITAL AND RESERVES
Called up share capital 30,100 30,100
Retained earnings 10 85,132 89,176
SHAREHOLDERS' FUNDS 115,232 119,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SHREEJEE MOTORS (LONDON) LIMITED (REGISTERED NUMBER: 07983584)

STATEMENT OF FINANCIAL POSITION - continued
30 June 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 28 February 2024 and were signed by:





R.B. Lakhtaria - Director


SHREEJEE MOTORS (LONDON) LIMITED (REGISTERED NUMBER: 07983584)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Shreejee Motors (London) 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.

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 represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised once the goods and services have been provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. The assets are depreciated according to the following policy:

Plant and Machinery - 25% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis

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

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other
accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

SHREEJEE MOTORS (LONDON) LIMITED (REGISTERED NUMBER: 07983584)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at thestatement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 2,500
AMORTISATION
At 1 July 2022
and 30 June 2023 2,500
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 36,334 34,985 38,275 3,710 113,304
Additions 7,609 - 17,070 650 25,329
Disposals - - (22,001 ) - (22,001 )
At 30 June 2023 43,943 34,985 33,344 4,360 116,632
DEPRECIATION
At 1 July 2022 24,916 12,253 13,398 1,978 52,545
Charge for year 4,757 3,410 6,634 595 15,396
Eliminated on disposal - - (5,500 ) - (5,500 )
At 30 June 2023 29,673 15,663 14,532 2,573 62,441
NET BOOK VALUE
At 30 June 2023 14,270 19,322 18,812 1,787 54,191
At 30 June 2022 11,418 22,732 24,877 1,732 60,759

SHREEJEE MOTORS (LONDON) LIMITED (REGISTERED NUMBER: 07983584)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 14,364 6,097
Other debtors 2,479 2,521
16,843 8,618

Included within other debtors are prepayment of £2,479 (2022: £2,521)

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,639 10,000
Hire purchase contracts - 4,146
Trade creditors 80,407 52,447
Taxation and social security 11,916 3,112
Other creditors 45,362 57,746
148,324 127,451

Included within other creditors are accrued expenses of £11,850 (2022: £9,695).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 18,528 29,167
Hire purchase contracts - 12,436
18,528 41,603

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 29,167 39,167

The loans are secured by way of a fixed and floating charge over the assets of the company.

10. RESERVES
Retained
earnings
£   

At 1 July 2022 89,176
Profit for the year 1,956
Dividends (6,000 )
At 30 June 2023 85,132