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Company Registration No. 07526757 (England and Wales)
MONZA MOTORS LIMITED Unaudited accounts for the year ended 29 February 2024
MONZA MOTORS LIMITED Unaudited accounts Contents
Page
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MONZA MOTORS LIMITED Company Information for the year ended 29 February 2024
Director
Mr Tokeer Ashraf,
Company Number
07526757 (England and Wales)
Registered Office
SOL House 24,Dark Lane Macnhester M12 6FA United Kingdom
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MONZA MOTORS LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,584 
2,584 
Current assets
Inventories
205,500 
192,500 
Cash at bank and in hand
27,472 
21,188 
232,972 
213,688 
Creditors: amounts falling due within one year
(111,735)
(78,967)
Net current assets
121,237 
134,721 
Total assets less current liabilities
123,821 
137,305 
Creditors: amounts falling due after more than one year
(159,856)
(138,027)
Net liabilities
(36,035)
(722)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(36,135)
(822)
Shareholders' funds
(36,035)
(722)
For the year ending 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 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 29 November 2024 and were signed on its behalf by
Mr Tokeer Ashraf, Director Company Registration No. 07526757
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MONZA MOTORS LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
MONZA MOTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07526757. The registered office is SOL House, 24,Dark Lane, Macnhester, M12 6FA, United Kingdom.
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:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
3,500 
At 29 February 2024
3,500 
Depreciation
At 1 March 2023
916 
At 29 February 2024
916 
Net book value
At 29 February 2024
2,584 
At 28 February 2023
2,584 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,858 
3,500 
Taxes and social security
219 
- 
Loans from directors
104,508 
73,767 
Accruals
3,150 
1,700 
111,735 
78,967 
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MONZA MOTORS LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
33,527 
39,977 
Other creditors
126,329 
98,050 
159,856 
138,027 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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