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Company Registration No. 11668624 (England and Wales)
MABGATE MOTORS (LEEDS) LTD unaudited financial statements for the year ended 30 November 2023
MABGATE MOTORS (LEEDS) LTD unaudited financial statements Contents
Page
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MABGATE MOTORS (LEEDS) LTD Company Information for the year ended 30 November 2023
Director
Abdal MIAH
Company Number
11668624 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MABGATE MOTORS (LEEDS) LTD for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MABGATE MOTORS (LEEDS) LTD for the year ended 30 November 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 21 August 2024
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MABGATE MOTORS (LEEDS) LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
25,536 
5,536 
Debtors
100 
1,997 
Cash at bank and in hand
2,964 
12,966 
28,600 
20,499 
Creditors: amounts falling due within one year
(8,448)
(420)
Net current assets
20,152 
20,079 
Total assets less current liabilities
20,152 
20,079 
Creditors: amounts falling due after more than one year
(20,000)
(20,000)
Net assets
152 
79 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
52 
(21)
Shareholders' funds
152 
79 
For the year ending 30 November 2023 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 21 August 2024 and were signed on its behalf by
Abdal MIAH Director Company Registration No. 11668624
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MABGATE MOTORS (LEEDS) LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
MABGATE MOTORS (LEEDS) LTD is a private company, limited by shares, registered in England and Wales, registration number 11668624. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Trading activities are
repairing motor vehicles
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,897 
Other debtors
100 
100 
100 
1,997 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
12 
- 
Loans from directors
7,786 
- 
Accruals
650 
420 
8,448 
420 
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MABGATE MOTORS (LEEDS) LTD Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,000 
20,000 
7
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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