2023-04-01 07228052 2024-03-31 07228052 2023-04-01 2024-03-31 07228052 2023-03-31 07228052 2022-04-01 2023-03-31 07228052 uk-core:WithinOneYear 2023-03-31 07228052 uk-core:WithinOneYear 2024-03-31 07228052 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 07228052 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 07228052 uk-bus:Director1 2023-04-01 2024-03-31 07228052 uk-core:ToolsEquipment 2023-04-01 2024-03-31 07228052 uk-core:FurnitureFittings 2023-04-01 2024-03-31 07228052 uk-core:ToolsEquipment 2023-03-31 07228052 uk-core:FurnitureFittings 2023-03-31 07228052 uk-core:Vehicles 2023-03-31 07228052 uk-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 07228052 uk-core:Vehicles 2023-04-01 2024-03-31 07228052 uk-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 07228052 uk-core:Vehicles 2024-03-31 07228052 uk-core:FurnitureFittings 2024-03-31 07228052 uk-core:ToolsEquipment 2024-03-31 07228052 uk-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 07228052 uk-core:AfterOneYear 2024-03-31 07228052 uk-core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure 07228052 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07228052 uk-bus:FRS102 2023-04-01 2024-03-31 07228052 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 07228052 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Draft
F.S.MOTORS LIMITED
Registered Number:07228052
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 March 2024
F.S.MOTORS LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Draft
Registered Number :
07228052
As at 31 March 2024
F.S.MOTORS LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,080,297
2,021,441
2
2,080,297
2,021,441
Current assets
Inventories
-
1,512,632
3
Trade and other receivables
4,376,351
1,527,176
4
337,669
Cash and cash equivalents
1,667,750
4,707,558
4,714,020
Trade and other payables: amounts falling due within one
year
(298,624)
(87,378)
5
4,415,396
4,620,180
Net current assets
Total assets less current liabilities
6,700,477
6,436,837
6,700,477
Net assets
6,436,837
Capital and reserves
Retained earnings
6,700,477
6,436,837
6,700,477
6,436,837
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
UMER BIN SALEEM Director
These financial statements were approved and authorised for issue by the Board on 21 August 2024 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 31 March 2024
F.S.MOTORS LIMITED
Notes to the Financial Statements
Statutory Information
F.S.MOTORS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07228052.
Registered address:
46 LEGRACE AVENUE
HOUNSLOW
MIDDLESEX
TW4 7RS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20 Straight line
Computer equipment
20 Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account.
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5
Draft
For the year ended 31 March 2024
F.S.MOTORS LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 April 2023
2,028,479
3,207
2,331
22,100
2,000,841
66,218
9,966
-
56,252
-
Additions
At 31 March 2024
78,352
2,331
13,173
2,094,697
2,000,841
Provision for depreciation and impairment
At 01 April 2023
7,038
2,907
2,031
2,100
-
Charge for year
7,362
1,060
50
6,252
-
At 31 March 2024
14,400
3,967
2,081
8,352
-
At 31 March 2024
Net book value
2,000,841
70,000
250
9,206
2,080,297
At 31 March 2023
2,000,841
20,000
300
300
2,021,441
3. Inventories
2023
2024
£
£
Stocks
1,512,632
-
4. Trade and other receivables
2023
2024
£
£
Trade debtors
1,306,348
3,241,011
Other debtors
220,828
1,135,340
4,376,351
1,527,176
The debtors above include the following amounts falling due after more than one year:
Other debtors
-
709,692
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6
Draft
For the year ended 31 March 2024
F.S.MOTORS LIMITED
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
-
1
Taxation and social security
87,378
199,723
Other creditors
-
98,900
87,378
298,624
6. Average number of persons employed
During the year the average number of employees was 0 (2023 : 6)
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