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Company Registration No. 08737585 (England and Wales)
MATHARU AUTOMOTIVE LIMITED Unaudited accounts for the year ended 31 October 2023
MATHARU AUTOMOTIVE LIMITED Unaudited accounts Contents
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MATHARU AUTOMOTIVE LIMITED Company Information for the year ended 31 October 2023
Directors
Perminder Matharu Parpreet Matharu
Company Number
08737585 (England and Wales)
Registered Office
KG House Kingsfield Close Northampton NN5 7QS
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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MATHARU AUTOMOTIVE LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
523 
697 
Current assets
Debtors
436 
394 
Cash at bank and in hand
127,803 
68,228 
128,239 
68,622 
Creditors: amounts falling due within one year
(30,615)
(24,413)
Net current assets
97,624 
44,209 
Net assets
98,147 
44,906 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
98,145 
44,904 
Shareholders' funds
98,147 
44,906 
For the year ending 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 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 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 of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by
Perminder Matharu Director Company Registration No. 08737585
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MATHARU AUTOMOTIVE LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
MATHARU AUTOMOTIVE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08737585. The registered office is KG House, Kingsfield Close, Northampton, NN5 7QS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
2,651 
At 31 October 2023
2,651 
Depreciation
At 1 November 2022
1,954 
Charge for the year
174 
At 31 October 2023
2,128 
Net book value
At 31 October 2023
523 
At 31 October 2022
697 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
436 
394 
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MATHARU AUTOMOTIVE LIMITED Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,323 
- 
Trade creditors
1,150 
918 
Taxes and social security
20,019 
19,098 
Loans from directors
2,123 
4,397 
30,615 
24,413 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Transactions with related parties
During the year, the company received a loan amounting to £2123 from a member of key management personnel. The loan is to be repaid on demand and interest-free. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
9
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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