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REGISTERED NUMBER: 02295035 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

A 1 MOTOR STORES LIMITED

A 1 MOTOR STORES LIMITED (REGISTERED NUMBER: 02295035)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A 1 MOTOR STORES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: W Garratt
P Whitehead
G D Mason
M Doney
S Salloway
B A Hunt
J M Bestwick





SECRETARY: S Salloway





REGISTERED OFFICE: Unit 20 Waterfield Way
Sketchley Industrial Estate
Sketchley Meadows
Hinckley
Leicestershire
LE10 3ER





REGISTERED NUMBER: 02295035 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

A 1 MOTOR STORES LIMITED (REGISTERED NUMBER: 02295035)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 22,197 24,931
22,197 24,931

CURRENT ASSETS
Stocks 486,295 596,370
Debtors 5 432,007 846,005
Cash at bank and in hand 1,071,983 677,224
1,990,285 2,119,599
CREDITORS
Amounts falling due within one year 6 1,082,268 1,302,880
NET CURRENT ASSETS 908,017 816,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

930,214

841,650

CREDITORS
Amounts falling due after more than one
year

7

22,917

47,917
NET ASSETS 907,297 793,733

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 907,198 793,634
SHAREHOLDERS' FUNDS 907,297 793,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

A 1 MOTOR STORES LIMITED (REGISTERED NUMBER: 02295035)

BALANCE SHEET - continued
30 JUNE 2024


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 19 September 2024 and were signed on its behalf by:





G D Mason - Director


A 1 MOTOR STORES LIMITED (REGISTERED NUMBER: 02295035)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33.33% on cost, 25% on cost and 10% 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.

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.

Deferred tax
The directors do not wish to provide for deferred tax.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 9,950
AMORTISATION
At 1 July 2023
and 30 June 2024 9,950
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

A 1 MOTOR STORES LIMITED (REGISTERED NUMBER: 02295035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 208,711
Additions 5,393
At 30 June 2024 214,104
DEPRECIATION
At 1 July 2023 183,780
Charge for year 8,127
At 30 June 2024 191,907
NET BOOK VALUE
At 30 June 2024 22,197
At 30 June 2023 24,931

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 267,658 721,842
Other debtors 164,349 124,163
432,007 846,005

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,000 25,000
Trade creditors 923,644 1,167,071
Taxation and social security 98,141 69,624
Other creditors 35,483 41,185
1,082,268 1,302,880

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 22,917 47,917

8. RELATED PARTY DISCLOSURES

All transactions with members are at arms length.