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Company Registration No. 11773181 (England and Wales)
NICK & STEFAN MOTOR WORKS LTD Unaudited accounts for the year ended 31 January 2024
NICK & STEFAN MOTOR WORKS LTD Unaudited accounts Contents
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NICK & STEFAN MOTOR WORKS LTD Company Information for the year ended 31 January 2024
Director
Mircea Stefan Antonescu
Company Number
11773181 (England and Wales)
Registered Office
UNIT 6 WILLIAM HANKE INDUSTRIAL ESTATE BRIERLEY HILL WEST MIDLANDS DY5 2ZA ENGLAND
Accountants
Clark & Deen Taxpro Limited Benson House, Suite D 98-104 Lombard Street Birmingham West Midlands B12 0QR
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NICK & STEFAN MOTOR WORKS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,936 
14,516 
Current assets
Debtors
3,824 
1,637 
Cash at bank and in hand
46,798 
41,236 
50,622 
42,873 
Creditors: amounts falling due within one year
(40,310)
(34,720)
Net current assets
10,312 
8,153 
Net assets
25,248 
22,669 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
25,148 
22,569 
Shareholders' funds
25,248 
22,669 
For the year ending 31 January 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 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 22 October 2024 and were signed on its behalf by
Mircea Stefan Antonescu Director Company Registration No. 11773181
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NICK & STEFAN MOTOR WORKS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
NICK & STEFAN MOTOR WORKS LTD is a private company, limited by shares, registered in England and Wales, registration number 11773181. The registered office is UNIT 6, WILLIAM HANKE INDUSTRIAL ESTATE, BRIERLEY HILL, WEST MIDLANDS, DY5 2ZA, 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.
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:
Plant & machinery
15% on reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
22,838 
Additions
420 
At 31 January 2024
23,258 
Depreciation
At 1 February 2023
8,322 
At 31 January 2024
8,322 
Net book value
At 31 January 2024
14,936 
At 31 January 2023
14,516 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,053 
866 
Accrued income and prepayments
771 
771 
3,824 
1,637 
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NICK & STEFAN MOTOR WORKS LTD Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,603 
16,045 
VAT
4,029 
1,807 
Trade creditors
12,574 
6,217 
Taxes and social security
6,889 
9,308 
Other creditors
- 
1,000 
Loans from directors
3,390 
(1,610)
Accruals
1,825 
1,953 
40,310 
34,720 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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