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Company Registration No. 06866736 (England and Wales)
Samy's Car Sales Ltd Unaudited accounts for the year ended 31 March 2024
Samy's Car Sales Ltd Unaudited accounts Contents
Page
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Samy's Car Sales Ltd Company Information for the year ended 31 March 2024
Director
Jubar Hussain
Company Number
06866736 (England and Wales)
Registered Office
Samys Car Sales Ltd The Bungalow Old Cedars Yard, Arkwright Road Bedford Bedfordshire MK42 0LE England
Accountants
Accounts Assist PB LTD 249 Lincoln Road Peterborough PE1 2PL
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Samy's Car Sales Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
427,207 
1,011,701 
Investment property
1,644,336 
- 
2,071,543 
1,011,701 
Current assets
Inventories
682,732 
1,208,437 
Debtors
130,242 
134,337 
Cash at bank and in hand
197,266 
433,669 
1,010,240 
1,776,443 
Creditors: amounts falling due within one year
(353,715)
(104,994)
Net current assets
656,525 
1,671,449 
Net assets
2,728,068 
2,683,150 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,728,067 
2,683,149 
Shareholders' funds
2,728,068 
2,683,150 
For the year ending 31 March 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 27 December 2024 and were signed on its behalf by
Jubar Hussain Director Company Registration No. 06866736
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Samy's Car Sales Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Samy's Car Sales Ltd is a private company, limited by shares, registered in England and Wales, registration number 06866736. The registered office is Samys Car Sales Ltd, The Bungalow, Old Cedars Yard, Arkwright Road, Bedford, Bedfordshire, MK42 0LE, 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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,011,701 
Additions
1,059,842 
Transfer to investment property
(1,644,336)
At 31 March 2024
427,207 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
427,207 
At 31 March 2023
1,011,701 
5
Investment property
2024 
£ 
Transfers from tangible fixed assets
1,644,336 
At 31 March 2024
1,644,336 
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Samy's Car Sales Ltd Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
130,242 
134,337 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
75,053 
42,705 
Taxes and social security
11,093 
13,183 
Loans from directors
267,569 
49,106 
353,715 
104,994 
8
Average number of employees
During the year the average number of employees was 23 (2023: 21).
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