PARTS EMPORIUM LTD

Company Registration Number:
07730250 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

PARTS EMPORIUM LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

PARTS EMPORIUM LTD

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 665,497 805,425
Investments: 4 1,375,469 1,517,960
Total fixed assets: 2,040,966 2,323,385
Current assets
Stocks: 615,000 490,224
Debtors:   71,232 8,040
Cash at bank and in hand: 137,675 36,390
Total current assets: 823,907 534,654
Creditors: amounts falling due within one year:   (963,150) (445,954)
Net current assets (liabilities): (139,243) 88,700
Total assets less current liabilities: 1,901,723 2,412,085
Creditors: amounts falling due after more than one year:   (1,107,228) (1,604,972)
Total net assets (liabilities): 794,495 807,113
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 794,395 807,013
Shareholders funds: 794,495 807,113

The notes form part of these financial statements

PARTS EMPORIUM LTD

Balance sheet statements

For the year ending 31 August 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 27 July 2024
and signed on behalf of the board by:

Name: A Akram
Status: Director

The notes form part of these financial statements

PARTS EMPORIUM LTD

Notes to the Financial Statements

for the Period Ended 31 August 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

PARTS EMPORIUM LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 15 11

PARTS EMPORIUM LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 1,158,578
Additions 11,820
Disposals (25,000)
At 31 August 2023 1,145,398
Depreciation
At 01 September 2022 353,153
Charge for year 126,748
At 31 August 2023 479,901
Net book value
At 31 August 2023 665,497
At 31 August 2022 805,425

PARTS EMPORIUM LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Fixed investments

The fixed investment figure of £1,375,469 is comprised of loans to associated companies.