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
Samy's Car Sales Ltd
Company Information
for the year ended 31 March 2024
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
Samy's Car Sales Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
427,207
1,011,701
Investment property
1,644,336
-
Inventories
682,732
1,208,437
Cash at bank and in hand
197,266
433,669
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
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
Samy's Car Sales Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Transfer to investment property
(1,644,336)
At 31 March 2023
1,011,701
Transfers from tangible fixed assets
1,644,336
At 31 March 2024
1,644,336
Samy's Car Sales Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
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
8
Average number of employees
During the year the average number of employees was 23 (2023: 21).