Sasauto Parts & Accessories Ltd |
Registered Number:09282676 |
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2023
Sasauto Parts & Accessories Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Sasauto Parts & Accessories Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
1,908
2,880
2
1,908
2,880
62,694
69,373
3
Trade and other receivables |
14,960
43,046
4
16,408
Cash and cash equivalents |
20,476
132,895
94,062
Trade and other payables: amounts falling due within one |
year |
(31,900)
(41,580)
5
62,162
91,315
Net current assets
Total assets less current liabilities |
93,223
65,042
Trade and other payables: amounts falling due after more |
than one year |
(8,293)
(5,707)
6
87,516
Net assets
56,749
2
2
87,514
56,747
87,516
56,749
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 23 April 2024 and were signed by: |
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For the year ended 31 October 2023
Sasauto Parts & Accessories Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 31 October 2023
Sasauto Parts & Accessories Ltd
Notes to the Financial Statements
Statutory Information
Sasauto Parts & Accessories Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 09282676. |
185 Forum House Empire Way
Wembley
London
HA9 0HL
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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For the year ended 31 October 2023
Sasauto Parts & Accessories Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
7,200
-
7,200
567
567
-
7,200
567
7,767
Provision for depreciation and impairment |
4,320
-
4,320
Charge for year
1,539
99
1,440
5,859
99
5,760
1,440
468
1,908
2,880
-
2,880
2022
2023
69,373
62,694
4. Trade and other receivables |
2022
2023
42,941
5,936
105
9,024
14,960
43,046
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For the year ended 31 October 2023
Sasauto Parts & Accessories Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
2,793
3,000
1,783
3,274
586
-
Taxation and social security |
14,927
3,838
21,491
21,788
41,580
31,900
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
5,707
8,293
7. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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