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
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
MATHARU AUTOMOTIVE LIMITED
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
127,803
68,228
Creditors: amounts falling due within one year
(30,615)
(24,413)
Net current assets
97,624
44,209
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
MATHARU AUTOMOTIVE LIMITED
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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
Amounts falling due within one year
MATHARU AUTOMOTIVE LIMITED
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
20,019
19,098
Loans from directors
2,123
4,397
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).