Acorah Software Products - Accounts Production 16.2.800 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05014820 Mr Abid Rehman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05014820 2023-10-31 05014820 2024-10-31 05014820 2023-11-01 2024-10-31 05014820 frs-core:CurrentFinancialInstruments 2024-10-31 05014820 frs-core:Non-currentFinancialInstruments 2024-10-31 05014820 frs-core:FurnitureFittings 2024-10-31 05014820 frs-core:FurnitureFittings 2023-11-01 2024-10-31 05014820 frs-core:FurnitureFittings 2023-10-31 05014820 frs-core:ShareCapital 2024-10-31 05014820 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05014820 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05014820 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05014820 frs-bus:SmallEntities 2023-11-01 2024-10-31 05014820 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05014820 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05014820 frs-bus:Director1 2023-11-01 2024-10-31 05014820 frs-countries:EnglandWales 2023-11-01 2024-10-31 05014820 2022-10-31 05014820 2023-10-31 05014820 2022-11-01 2023-10-31 05014820 frs-core:CurrentFinancialInstruments 2023-10-31 05014820 frs-core:Non-currentFinancialInstruments 2023-10-31 05014820 frs-core:ShareCapital 2023-10-31 05014820 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05014820
Ali Motors Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Alderton Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05014820
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 174 205
174 205
CURRENT ASSETS
Stocks 5 15,275 28,200
Cash at bank and in hand 3,379 2,642
18,654 30,842
Creditors: Amounts Falling Due Within One Year 6 (10,431 ) (4,857 )
NET CURRENT ASSETS (LIABILITIES) 8,223 25,985
TOTAL ASSETS LESS CURRENT LIABILITIES 8,397 26,190
Creditors: Amounts Falling Due After More Than One Year 7 - (17,458 )
NET ASSETS 8,397 8,732
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 7,397 7,732
SHAREHOLDERS' FUNDS 8,397 8,732
Page 1
Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Abid Rehman
Director
28/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ali Motors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05014820 . The registered office is 415 Lea Bridge Road, Leyton, London, E10 7EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% reducing balance method
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2023 4,499
As at 31 October 2024 4,499
Depreciation
As at 1 November 2023 4,294
Provided during the period 31
As at 31 October 2024 4,325
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 October 2024 174
As at 1 November 2023 205
5. Stocks
2024 2023
£ £
Stock 15,275 28,200
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 8,921 2,253
Taxation and social security 1,510 2,604
10,431 4,857
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 17,458
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4