Company Registration No. 13399686 (England and Wales)
GENUINE EURO PARTS LTD
Unaudited accounts
for the year ended 31 May 2023
GENUINE EURO PARTS LTD
Unaudited accounts
Contents
GENUINE EURO PARTS LTD
Company Information
for the year ended 31 May 2023
Director
Ahmad Sharif FEIZI
Company Number
13399686 (England and Wales)
Registered Office
UNIT 4
MARSTON ROAD
WOLVERHAMPTON
WV2 4LA
ENGLAND
Accountants
Fouladi and Co Accountants
30 High Street
Cradley Heath
West Midlands
B64 5HL
GENUINE EURO PARTS LTD
Accountants' report
Accountants' report to the director of GENUINE EURO PARTS LTD on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
GENUINE EURO PARTS LTD for the year ended
31 May 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of GENUINE EURO PARTS LTD, as a body, in accordance with the terms of our engagement letter dated 1 June 2021. Our work has been undertaken solely to prepare for your approval the accounts of GENUINE EURO PARTS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GENUINE EURO PARTS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GENUINE EURO PARTS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GENUINE EURO PARTS LTD. You consider that GENUINE EURO PARTS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GENUINE EURO PARTS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Fouladi and Co Accountants
30 High Street
Cradley Heath
West Midlands
B64 5HL
8 February 2024
GENUINE EURO PARTS LTD
Statement of financial position
as at 31 May 2023
Tangible assets
14,570
17,141
Cash at bank and in hand
12,469
1,090
Creditors: amounts falling due within one year
(142,644)
(77,092)
Net current liabilities
(38,175)
(42,502)
Net liabilities
(23,605)
(25,361)
Called up share capital
1
1
Profit and loss account
(23,606)
(25,362)
Shareholders' funds
(23,605)
(25,361)
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 February 2024 and were signed on its behalf by
Ahmad Sharif FEIZI
Director
Company Registration No. 13399686
GENUINE EURO PARTS LTD
Notes to the Accounts
for the year ended 31 May 2023
GENUINE EURO PARTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13399686. The registered office is UNIT 4, MARSTON ROAD, WOLVERHAMPTON, WV2 4LA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
12,000
8,166
20,166
At 31 May 2023
12,000
8,166
20,166
At 1 June 2022
1,800
1,225
3,025
Charge for the year
1,530
1,041
2,571
At 31 May 2023
3,330
2,266
5,596
At 31 May 2023
8,670
5,900
14,570
At 31 May 2022
10,200
6,941
17,141
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
19,600
Loans from directors
141,644
56,847
GENUINE EURO PARTS LTD
Notes to the Accounts
for the year ended 31 May 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).