H B MOTORS LTD

Company Registration Number:
08765288 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

H B MOTORS LTD

Contents of the Financial Statements

for the Period Ended 30 November 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

H B MOTORS LTD

Company Information

for the Period Ended 30 November 2024




Director: HIJAZ BAIG
Registered office: Mount Pleasant Farm
Southend Arterial Road
Hornchurch
Essex
RM11 3UJ
Company Registration Number: 08765288 (England and Wales)

H B MOTORS LTD

Directors' Report Period Ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Principal Activities

Principal activity of the company is Sale of used cars and light motor vehicles”.

Directors

The directors shown below have held office during the whole of the period from 01 December 2023 to 30 November 2024
HIJAZ BAIG

This report was approved by the board of directors on 12 February 2025
And Signed On Behalf Of The Board By:

Name: HIJAZ BAIG
Status: Director

H B MOTORS LTD

Profit and Loss Account

for the Period Ended 30 November 2024


Notes

2024
£

2023
£
Turnover 568,618 665,827
Cost of sales ( 449,629 ) ( 552,248 )
Gross Profit or (Loss) 118,989 113,579
Distribution Costs ( 14,051 ) ( 9,464 )
Administrative Expenses ( 77,836 ) ( 73,080 )
Operating Profit or (Loss) 27,102 31,035
Profit or (Loss) Before Tax 27,102 31,035
Profit or (Loss) for Period 27,102 31,035

The notes form part of these financial statements

H B MOTORS LTD

Balance sheet

As at 30 November 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 1,116 296
Total fixed assets: 1,116 296
Current assets
Stocks: 150,098 148,065
Debtors: 5 28,317 16,053
Cash at bank and in hand: 61,679 9,681
Total current assets: 240,094 173,799
Prepayments and accrued income: 25,093
Creditors: amounts falling due within one year: 6 ( 1,926 ) ( 5,828 )
Net current assets (liabilities): 263,261 167,971
Total assets less current liabilities: 264,377 168,267
Creditors: amounts falling due after more than one year: 7 ( 148,850 ) ( 78,640 )
Accruals and deferred income: ( 1,304 ) ( 2,506 )
Total net assets (liabilities): 114,223 87,121

The notes form part of these financial statements

H B MOTORS LTD

Balance sheet continued

As at 30 November 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 114,222 87,120
Shareholders funds: 114,223 87,121

For the year ending 30 November 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 12 February 2025
And Signed On Behalf Of The Board By:

Name: HIJAZ BAIG
Status: Director

The notes form part of these financial statements

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turn over represents net invoiced sales of goods and services excluding value added tax.

    Tangible fixed assets depreciation policy


    Tangible fixed assets are depreciated at 18% first year allowances for the whole year. After
    This 18% on reducing balance method.
    Car, fixture and fittings and equipment are depreciated at 18% reducing balance method for the whole year
    Computers are depreciated at 100% first year allowance for the whole year

    Valuation information and policy

    The accounts have been prepared under the historical cost convention. In accordance with the financial reporting standard for smaller entities (effective April 2008)

    Other accounting policies

    Deferred tax is recognised in respect of all timings differences that have originated but not reversed at balance sheet date.

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 3. Off balance sheet disclosure

    No

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Tangible assets

Motor vehicles Total
Cost £ £
At 01 December 2023 296 296
Additions 1,064 1,064
Disposals - -
Revaluations - -
Transfers - -
At 30 November 2024 1,360 1,360
Depreciation
At 01 December 2023 - -
Charge for year 244 244
On disposals - -
Other adjustments - -
At 30 November 2024 244 244
Net book value
At 30 November 2024 1,116 1,116
At 30 November 2023 296 296

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Debtors


2024
£

2023
£
Trade debtors 28,317 16,053
Total 28,317 16,053

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 1,926 5,828
Total 1,926 5,828

H B MOTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 148,850 78,640
Total 148,850 78,640