Leicester Motor Spares Limited |
Registered Number:08470954 |
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
For the year ended 29 February 2024
Leicester Motor Spares Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Leicester Motor Spares Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
9,742
10,438
2
9,742
10,438
85,922
115,117
3
Trade and other receivables |
7,445
2,561
4
20,860
Cash and cash equivalents |
22,507
140,185
114,227
Trade and other payables: amounts falling due within one |
year |
(65,561)
(109,913)
5
48,666
30,272
Net current assets
Total assets less current liabilities |
40,014
59,104
Trade and other payables: amounts falling due after more |
than one year |
(18,664)
(20,616)
6
(1,851)
(1,983)
Provisions for liabilities |
17,547
Net assets
38,457
100
100
17,447
38,357
17,547
38,457
Shareholders' funds
For the year ended 29 February 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 29 February 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his 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. |
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For the year ended 29 February 2024
Leicester Motor Spares Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 25 November 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 29 February 2024
Leicester Motor Spares Limited
Notes to the Financial Statements
Statutory Information
Leicester Motor Spares Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 08470954. |
248 Humberstone Road
Leicester
LE5 0EG
The presentation currency is £ sterling. |
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: |
Plant and machinery
Computer equipment
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. |
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For the year ended 29 February 2024
Leicester Motor Spares Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
29,921
1,973
25,035
2,913
1,734
150
-
1,584
4,497
25,035
2,123
31,655
Provision for depreciation and impairment |
19,483
1,164
15,785
2,534
Charge for year
2,430
404
1,680
346
21,913
1,568
17,465
2,880
1,617
7,570
555
9,742
379
9,250
809
10,438
2023
2024
115,117
85,922
4. Trade and other receivables |
2023
2024
2,561
4,445
-
3,000
7,445
2,561
5. Trade and other payables: amounts falling due within one year |
2023
2024
53,485
23,829
Taxation and social security |
21,477
7,762
34,951
33,970
109,913
65,561
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For the year ended 29 February 2024
Leicester Motor Spares Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
20,616
18,664
7. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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