H B MOTORS LTD

Company Registration Number:
08765288 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

H B MOTORS LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

H B MOTORS LTD

Company Information

for the Period Ended 30 November 2023




Director: hijaz baig
Registered office: Mount Pleasant Farm
Southend Arterial Road
Hornchurch
Essex
RM11 3UJ
Company Registration Number: 08765288 (England and Wales)

H B MOTORS LTD

Directors' Report Period Ended 30 November 2023

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

Principal Activities

Principal activity of the company is Sale of used cars and light motor vehicles”.

Directors

The directors shown below have held office during the whole of the period from 01 December 2022 to 30 November 2023
hijaz baig

This report was approved by the board of directors on 9 January 2024
And Signed On Behalf Of The Board By:

Name: hijaz baig
Status: Director

H B MOTORS LTD

Profit and Loss Account

for the Period Ended 30 November 2023


Notes

2023
£

2022
£
Turnover 665,827 674,299
Cost of sales ( 552,248 ) ( 565,404 )
Gross Profit or (Loss) 113,579 108,895
Distribution Costs ( 9,464 ) ( 8,535 )
Administrative Expenses ( 73,080 ) ( 70,268 )
Operating Profit or (Loss) 31,035 30,092
Profit or (Loss) Before Tax 31,035 30,092
Profit or (Loss) for Period 31,035 30,092

The notes form part of these financial statements

H B MOTORS LTD

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 296 360
Total fixed assets: 296 360
Current assets
Stocks: 148,065 166,673
Debtors: 5 16,053 3,582
Cash at bank and in hand: 9,681 46,758
Total current assets: 173,799 217,013
Creditors: amounts falling due within one year: 6 ( 5,828 ) ( 31,777 )
Net current assets (liabilities): 167,971 185,236
Total assets less current liabilities: 168,267 185,596
Creditors: amounts falling due after more than one year: 7 ( 78,640 ) ( 127,054 )
Accruals and deferred income: ( 2,506 ) ( 2,456 )
Total net assets (liabilities): 87,121 56,086

The notes form part of these financial statements

H B MOTORS LTD

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 87,120 56,085
Shareholders funds: 87,121 56,086

For the year ending 30 November 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 9 January 2024
And Signed On Behalf Of The Board By:

Name: hijaz baig
Status: Director

The notes form part of these financial statements

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turn over represents net invoiced sales of goods and services excluding value added tax.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated at 18% first year allowances for the whole year. After
    This 18% on reducing balance method.
    Car, fixture and fittings and equipment are depreciated at 18% reducing balance method for the whole year
    Computers are depreciated at 100% first year allowance for the whole year

    Valuation information and policy

    The accounts have been prepared under the historical cost convention. In accordance with the financial reporting standard for smaller entities (effective April 2008)

    Other accounting policies

    Deferred tax is recognised in respect of all timings differences that have originated but not reversed at balance sheet date.

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 0

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible assets

Motor vehicles Total
Cost £ £
At 01 December 2022 360 360
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 November 2023 360 360
Depreciation
At 01 December 2022 - -
Charge for year 64 64
On disposals - -
Other adjustments - -
At 30 November 2023 64 64
Net book value
At 30 November 2023 296 296
At 30 November 2022 360 360

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors


2023
£

2022
£
Trade debtors 16,053 3,582
Total 16,053 3,582

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 5,828 31,777
Total 5,828 31,777

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 78,640 127,054
Total 78,640 127,054