MEMPHIS MOTORS LIMITED

Company Registration Number:
11351897 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

MEMPHIS MOTORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

MEMPHIS MOTORS LIMITED

Company Information

for the Period Ended 31 May 2023




Registered office: Suite 23, Berkhamsted House
121 High Street
Berkhamsted
Hertfordshire
GBR
HP4 2DJ
Company Registration Number: 11351897 (England and Wales)

MEMPHIS MOTORS LIMITED

Balance sheet

As at 31 May 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 40,205 44,575
Total fixed assets: 40,205 44,575
Current assets
Stocks: 334,500 319,315
Debtors: 5 48,715 62,315
Cash at bank and in hand: 125,225 119,419
Total current assets: 508,440 501,049
Creditors: amounts falling due within one year: 6 ( 263,987 ) ( 295,630 )
Net current assets (liabilities): 244,453 205,419
Total assets less current liabilities: 284,658 249,994
Creditors: amounts falling due after more than one year: 7 ( 31,432 ) ( 30,624 )
Total net assets (liabilities): 253,226 219,370

The notes form part of these financial statements

MEMPHIS MOTORS LIMITED

Balance sheet continued

As at 31 May 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 253,126 219,270
Shareholders funds: 253,226 219,370

For the year ending 31 May 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 12 April 2024
And Signed On Behalf Of The Board By:

Name: Sarah Jevon
Status: Director

The notes form part of these financial statements

MEMPHIS MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MEMPHIS MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

MEMPHIS MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 3. Off balance sheet disclosure

    No

MEMPHIS MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Total
Cost £ £ £ £
At 01 June 2022 47,499 11,970 8,322 67,791
Additions 2,100 3,200 1,550 6,850
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 May 2023 49,599 15,170 9,872 74,641
Depreciation
At 01 June 2022 12,555 6,175 4,486 23,216
Charge for year 4,960 3,792 2,468 11,220
On disposals - - - -
Other adjustments - - - -
At 31 May 2023 17,515 9,967 6,954 34,436
Net book value
At 31 May 2023 32,084 5,203 2,918 40,205
At 31 May 2022 34,944 5,795 3,836 44,575

MEMPHIS MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Debtors


2023
£

2022
£
Trade debtors 48,715 62,315
Total 48,715 62,315

MEMPHIS MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 10,979
Trade creditors 254,867 268,453
Other creditors 9,120 16,198
Total 263,987 295,630

MEMPHIS MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 31,432 30,624
Total 31,432 30,624