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REGISTERED NUMBER: 06793228 (England and Wales)















H & M Autos Limited

Unaudited Financial Statements for the Year Ended 31 January 2024






H & M Autos Limited (Registered number: 06793228)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


H & M Autos Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: R Ahmed





REGISTERED OFFICE: 3 - 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Unit 24, Riverside 1
Sir Thomas Longley Road
Medway City Address
Rochester
Kent
ME2 4DP





REGISTERED NUMBER: 06793228 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

H & M Autos Limited (Registered number: 06793228)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,863 11,471

CURRENT ASSETS
Debtors 5 11,460 9,135
Cash at bank and in hand 12,102 5,164
23,562 14,299
CREDITORS
Amounts falling due within one year 6 20,827 14,066
NET CURRENT ASSETS 2,735 233
TOTAL ASSETS LESS CURRENT LIABILITIES 15,598 11,704

CREDITORS
Amounts falling due after more than one
year

7

(6,000

)

(11,326

)

PROVISIONS FOR LIABILITIES 9 (2,097 ) -
NET ASSETS 7,501 378

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7,499 376
SHAREHOLDERS' FUNDS 7,501 378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

H & M Autos Limited (Registered number: 06793228)

Statement of Financial Position - continued
31 January 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 director and authorised for issue on 25 October 2024 and were signed by:





R Ahmed - Director


H & M Autos Limited (Registered number: 06793228)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

H & M Autos 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents net invoiced sales of services and goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable which are measured at fair value, with changes recognised in profit or loss.

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 statement of financial position date.

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 3 (2023 - 3 ) .

H & M Autos Limited (Registered number: 06793228)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 50,023
Additions 3,161
At 31 January 2024 53,184
DEPRECIATION
At 1 February 2023 38,552
Charge for year 1,769
At 31 January 2024 40,321
NET BOOK VALUE
At 31 January 2024 12,863
At 31 January 2023 11,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,988 772
Other debtors 9,472 8,363
11,460 9,135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,355 6,327
Taxation and social security 7,715 2,459
Other creditors 7,757 5,280
20,827 14,066

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,000 11,326

H & M Autos Limited (Registered number: 06793228)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 11,355 17,653

The director has provided personal guarantees in respect of the bank loan facilities.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,097 -

Deferred
tax
£   
Provided during year 2,097
Balance at 31 January 2024 2,097

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
R Ahmed
Balance outstanding at start of year 4,599 6,118
Amounts repaid (1,891 ) (1,519 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,708 4,599