1 November 2023 false No description of principal activity Taxfiler 2024.6 12252682business:PrivateLimitedCompanyLtd2023-11-012024-10-31 122526822023-10-31 122526822023-11-012024-10-31 12252682business:AuditExempt-NoAccountantsReport2023-11-012024-10-31 12252682business:FilletedAccounts2023-11-012024-10-31 122526822024-10-31 12252682business:Director12023-11-012024-10-31 12252682business:RegisteredOffice2023-11-012024-10-31 122526822023-10-31 12252682core:WithinOneYear2024-10-31 12252682core:WithinOneYear2023-10-31 12252682core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 12252682core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 12252682core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 12252682core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 12252682core:PreviouslyStatedAmount2024-10-31 12252682core:PreviouslyStatedAmount2023-10-31 12252682business:SmallEntities2023-11-012024-10-31 12252682countries:EnglandWales2023-11-012024-10-31 12252682core:ComputerEquipment2023-10-31 12252682core:ComputerEquipment2023-11-012024-10-31 12252682core:ComputerEquipment2024-10-31 122526822022-11-012023-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12252682 (England and Wales)
Shaft Motors Limited Unaudited accounts for the year ended 31 October 2024
Shaft Motors Limited Unaudited accounts Contents
Page
- 2 -
Shaft Motors Limited Company Information for the year ended 31 October 2024
Director
Yared Ambachew YOSEF
Company Number
12252682 (England and Wales)
Registered Office
Unit 2a Vulcan Works Vulcan Road Bilston, Wolverhampton WV14 7JY United Kingdom
Accountants
SIMPLE ACCOUNTANTS LTD Unit 227, Tudorleaf Business Centre 2/8 Fountayne Road, London N15 4QL
- 3 -
Shaft Motors Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
993 
- 
Current assets
Debtors
9,293 
9,293 
Cash at bank and in hand
1,296 
8,985 
10,589 
18,278 
Creditors: amounts falling due within one year
(7,927)
(7,927)
Net current assets
2,662 
10,351 
Net assets
3,655 
10,351 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,654 
10,350 
Shareholders' funds
3,655 
10,351 
For the year ending 31 October 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 12 February 2025 and were signed on its behalf by
Yared Ambachew YOSEF Director Company Registration No. 12252682
- 4 -
Shaft Motors Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Shaft Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 12252682. The registered office is Unit 2a Vulcan Works, Vulcan Road, Bilston, Wolverhampton, WV14 7JY, 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.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2023
- 
Additions
993 
At 31 October 2024
993 
Depreciation
At 31 October 2024
- 
Net book value
At 31 October 2024
993 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
9,293 
9,293 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
7,927 
7,927 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 5 -