GLOBE MOTORS BLACKBURN LIMITED

Company Registration Number:
08136607 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

GLOBE MOTORS BLACKBURN LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

GLOBE MOTORS BLACKBURN LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 13,736 13,065
Total fixed assets: 13,736 13,065
Current assets
Stocks: 319,250 292,180
Debtors:   36,055 34,241
Cash at bank and in hand: 353,243 82,551
Total current assets: 708,548 408,972
Creditors: amounts falling due within one year:   (410,758) (146,183)
Net current assets (liabilities): 297,790 262,789
Total assets less current liabilities: 311,526 275,854
Creditors: amounts falling due after more than one year:   (101,250) (146,250)
Total net assets (liabilities): 210,276 129,604
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 210,176 129,504
Shareholders funds: 210,276 129,604

The notes form part of these financial statements

GLOBE MOTORS BLACKBURN LIMITED

Balance sheet statements

For the year ending 31 July 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 April 2024
and signed on behalf of the board by:

Name: Jawid Patel
Status: Director

The notes form part of these financial statements

GLOBE MOTORS BLACKBURN LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets and depreciation policy

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:Plant & machinery 20% reducing balanceComputer equipment 20% reducing balance

Valuation and information policy

Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.

GLOBE MOTORS BLACKBURN LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 8 8

GLOBE MOTORS BLACKBURN LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 24,346
Additions 4,105
At 31 July 2023 28,451
Depreciation
At 01 August 2022 11,281
Charge for year 3,434
At 31 July 2023 14,715
Net book value
At 31 July 2023 13,736
At 31 July 2022 13,065