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Company Registration No. 12132623 (England and Wales)
SPECIAL MOTORS LTD Unaudited accounts for the year ended 31 July 2023
SPECIAL MOTORS LTD Unaudited accounts Contents
Page
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SPECIAL MOTORS LTD Company Information for the year ended 31 July 2023
Director
Ammar Akram AL-HABBOUL
Secretary
11919407
Company Number
12132623 (England and Wales)
Registered Office
3A SAYNER LANE LEEDS LS10 1LS ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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SPECIAL MOTORS LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,013 
15,570 
Current assets
Inventories
21,853 
20,721 
Cash at bank and in hand
969 
10,891 
22,822 
31,612 
Creditors: amounts falling due within one year
(20,553)
(28,264)
Net current assets
2,269 
3,348 
Total assets less current liabilities
16,282 
18,918 
Creditors: amounts falling due after more than one year
(6,610)
(10,151)
Net assets
9,672 
8,767 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,572 
8,667 
Shareholders' funds
9,672 
8,767 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 29 July 2024 and were signed on its behalf by
Ammar Akram AL-HABBOUL Director Company Registration No. 12132623
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SPECIAL MOTORS LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
SPECIAL MOTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 12132623. The registered office is 3A SAYNER LANE, LEEDS, LS10 1LS, ENGLAND.
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 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss. Also, local council grants are received in terms of Covid-19 pandemic are credit to profit and loss account under other operating expenses, whereas all fixed cost against these are debited in the profit and loss account too.
Tangible fixed assets and depreciation
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:
Trading activity
Maintenance and repair of motor vehicles
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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SPECIAL MOTORS LTD Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
21,356 
At 31 July 2023
21,356 
Depreciation
At 1 August 2022
5,786 
Charge for the year
1,557 
At 31 July 2023
7,343 
Net book value
At 31 July 2023
14,013 
At 31 July 2022
15,570 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
6,125 
6,125 
Taxes and social security
605 
- 
Other creditors
- 
7,539 
Loans from directors
12,503 
14,000 
Accruals
1,320 
600 
20,553 
28,264 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,610 
10,151 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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