SHAHZ CARS LTD

Company Registration Number:
12878228 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

SHAHZ CARS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SHAHZ CARS LTD

Directors' report period ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Principal activities of the company

DIRECTORS' REPORTThe Directors of Shahz Cars Ltd present their Report together with the financial statements of the company for the year ended 30 September 2023.Main business activitiesThe company is a private limited company domiciled and incorporated in the United Kingdom. The main business activities of the company are the sale of used cars. There has been no change in the main business activities of the company over the reporting period.Directors Details;The following persons were directors of Shahz Cars Ltd during or since the end of the financial year:Khurrum Kamal SyedReview of operations and financial results;The company's revenue increased by 6.7% to £803,275 during the financial year and the net profit increased by 1.3%to £44,863. Net cash flow from operating activities increased by 204.9% and the company's net assets increased by 10.6% to £467,548.Dividends;The company declared no dividends during the financial year (2022: £0).Share capital;There have been no changes to the authorised or issued share capital during the year under review. Significant changes in the state of affairs;There were no significant changes in the state of affairs of the company during the financial year or since the end of the financial year.Events arising since the end of the reporting period;The directors are not aware of any material fact or circumstance arising between the end of the financial year and the date of this report that would require adjustments to or disclosure in the financial statements.



Directors

The director shown below has held office during the whole of the period from
1 October 2022 to 30 September 2023

Khurrum Kamal SYED


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 April 2024

And signed on behalf of the board by:
Name: Khurrum Kamal SYED
Status: Director

SHAHZ CARS LTD

Profit And Loss Account

for the Period Ended 30 September 2023

2023 2022


£

£
Turnover: 803,275 752,497
Cost of sales: ( 535,229 ) ( 530,155 )
Gross profit(or loss): 268,046 222,342
Distribution costs: 0 0
Administrative expenses: ( 213,310 ) ( 173,870 )
Other operating income: 650 375
Operating profit(or loss): 55,386 48,847
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 55,386 48,847
Tax: ( 10,523 ) ( 9,281 )
Profit(or loss) for the financial year: 44,863 39,566

SHAHZ CARS LTD

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 138,993 68,104
Total fixed assets: 138,993 68,104
Current assets
Stocks: 4 287,503 322,400
Debtors: 5 12,407 16,040
Cash at bank and in hand: 30,200 11,441
Total current assets: 330,110 349,881
Creditors: amounts falling due within one year: 6 ( 6,255 )
Net current assets (liabilities): 323,855 349,881
Total assets less current liabilities: 462,848 417,985
Total net assets (liabilities): 462,848 417,985
Capital and reserves
Called up share capital: 365,000 365,000
Profit and loss account: 97,848 52,985
Total Shareholders' funds: 462,848 417,985

The notes form part of these financial statements

SHAHZ CARS LTD

Balance sheet statements

For the year ending 30 September 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: Khurrum Kamal SYED
Status: Director

The notes form part of these financial statements

SHAHZ CARS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Revenue is measured at the fair value of the consideration received or receivable and represents the amounts receivable for goods and services provided in the normal course of business, net of discounts, returns, rebates and sales-related taxes.

    Tangible fixed assets depreciation policy

    Items of property, plant and equipment are measured at cost less accumulated depreciation and any accumulated & impairment losses. Depreciation is charged so as to allocate the cost of assets less their residual values over their estimated & useful lives, using the straight-line method. Land and buildings are not depreciated. The following rates are used for the depreciation of other property, plant and equipment.

SHAHZ CARS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 2

SHAHZ CARS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2022 74,295 0 0 74,295
Additions 72,205 4,800 12,700 89,705
Disposals
Revaluations
Transfers
At 30 September 2023 146,500 4,800 12,700 164,000
Depreciation
At 1 October 2022 6,191 0 0 6,191
Charge for year 14,650 802 3,364 18,816
On disposals
Other adjustments
At 30 September 2023 20,841 802 3,364 25,007
Net book value
At 30 September 2023 125,659 3,998 9,336 138,993
At 30 September 2022 68,104 0 0 68,104

SHAHZ CARS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Stocks

2023 2022
£ £
Stocks 287,503 322,400
Total 287,503 322,400

SHAHZ CARS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Debtors

2023 2022
£ £
Trade debtors 12,407 16,040
Total 12,407 16,040

SHAHZ CARS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Creditors: amounts falling due within one year note

2023
£
Trade creditors 6,255
Total 6,255