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REGISTERED NUMBER: 07414115 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

S & N Motors Limited

S & N Motors Limited (Registered number: 07414115)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

S & N Motors Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: S D Wortley
N L Palmer





REGISTERED OFFICE: 61A Blagden Street
Sheffield
S2 5QS





REGISTERED NUMBER: 07414115 (England and Wales)





ACCOUNTANTS: A H Accountancy Services
Incorporated Financial Accountants
61A Blagden Street
Sheffield
South Yorkshire
S2 5QS

S & N Motors Limited (Registered number: 07414115)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,814 77,184

CURRENT ASSETS
Stocks 691,955 715,165
Debtors 5 4,141 54,442
Cash at bank and in hand 152,499 92,087
848,595 861,694
CREDITORS
Amounts falling due within one year 6 555,335 544,953
NET CURRENT ASSETS 293,260 316,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,074

393,925

CREDITORS
Amounts falling due after more than one year 7 77,765 98,387
NET ASSETS 293,309 295,538

CAPITAL AND RESERVES
Called up share capital 185 185
Retained earnings 293,124 295,353
SHAREHOLDERS' FUNDS 293,309 295,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S & N Motors Limited (Registered number: 07414115)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





S D Wortley - Director


S & N Motors Limited (Registered number: 07414115)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

S & N Motors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - in accordance with the property
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

S & N Motors Limited (Registered number: 07414115)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2022 34,782 37,278 7,580
Additions - - 120
At 30 September 2023 34,782 37,278 7,700
DEPRECIATION
At 1 October 2022 - - 4,051
Charge for year - - 363
At 30 September 2023 - - 4,414
NET BOOK VALUE
At 30 September 2023 34,782 37,278 3,286
At 30 September 2022 34,782 37,278 3,529

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 3,200 3,346 86,186
Additions - 1,435 1,555
At 30 September 2023 3,200 4,781 87,741
DEPRECIATION
At 1 October 2022 1,850 3,101 9,002
Charge for year 338 224 925
At 30 September 2023 2,188 3,325 9,927
NET BOOK VALUE
At 30 September 2023 1,012 1,456 77,814
At 30 September 2022 1,350 245 77,184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 4,141 54,442

S & N Motors Limited (Registered number: 07414115)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 21,359 23,592
Trade creditors 22,417 6,460
Taxation and social security 130,935 162,657
Other creditors 380,624 352,244
555,335 544,953

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 77,765 98,387

8. ULTIMATE CONTROLLING PARTY

The controlling party is S D Wortley.

S & N Motors Limited

Report of the Accountants to the Directors of
S & N Motors Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






A H Accountancy Services
Incorporated Financial Accountants
61A Blagden Street
Sheffield
South Yorkshire
S2 5QS


23 August 2024