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Company Registration No. 13365876 (England and Wales)
L&R MOTOR ENGINEERS LIMITED Unaudited accounts for the year ended 30 April 2024
L&R MOTOR ENGINEERS LIMITED Unaudited accounts Contents
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L&R MOTOR ENGINEERS LIMITED Company Information for the year ended 30 April 2024
Directors
Sagar Shah Mansour Yousef Abdou
Company Number
13365876 (England and Wales)
Registered Office
17 GAINSBORO GARDENS GREENFORD UB6 0JG ENGLAND
Accountants
Utopians Accountants 49 Highview Pinner Middlesex HA5 3PE
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L&R MOTOR ENGINEERS LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,814 
4,395 
Current assets
Inventories
13,866 
2,561 
Debtors
1,688 
681 
Cash at bank and in hand
22,735 
25,491 
38,289 
28,733 
Creditors: amounts falling due within one year
(13,075)
(10,499)
Net current assets
25,214 
18,234 
Total assets less current liabilities
29,028 
22,629 
Creditors: amounts falling due after more than one year
(11,153)
(11,153)
Net assets
17,875 
11,476 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
16,875 
10,476 
Shareholders' funds
17,875 
11,476 
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 4 January 2025 and were signed on its behalf by
Sagar Shah Director Company Registration No. 13365876
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L&R MOTOR ENGINEERS LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
L&R MOTOR ENGINEERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13365876. The registered office is 17 GAINSBORO GARDENS, GREENFORD, UB6 0JG, 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.
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:
Plant & machinery
10% on reducing balance
Fixtures & fittings
10% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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L&R MOTOR ENGINEERS LIMITED Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
4,500 
925 
5,425 
At 30 April 2024
4,500 
925 
5,425 
Depreciation
At 1 May 2023
855 
175 
1,030 
Charge for the year
490 
91 
581 
At 30 April 2024
1,345 
266 
1,611 
Net book value
At 30 April 2024
3,155 
659 
3,814 
At 30 April 2023
3,645 
750 
4,395 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
752 
457 
Accrued income and prepayments
936 
224 
1,688 
681 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,964 
2,395 
Trade creditors
7,762 
5,987 
Taxes and social security
1,349 
2,117 
13,075 
10,499 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
11,153 
11,153 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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