Registered number
14823888
HR MOTORS 99 INTERNATIONAL LIMITED
Filleted Accounts
30 April 2024
HR MOTORS 99 INTERNATIONAL LIMITED
Registered number: 14823888
Balance Sheet
as at 30 April 2024
Notes 2024
£
Current assets
Stocks 54,750
Debtors 3 94,710
Cash at bank and in hand 721
150,181
Creditors: amounts falling due within one year 4 (141,458)
Net current assets 8,723
Net assets 8,723
Capital and reserves
Called up share capital 100
Profit and loss account 8,623
Shareholders' funds 8,723
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Nilay Nayankumar Shah
Director
Approved by the board on 19 April 2025
HR MOTORS 99 INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Debtors 2024
£
Trade debtors 94,710
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 97,620
Taxation and social security costs 34,597
Other creditors 9,241
141,458
5 Other information
HR MOTORS 99 INTERNATIONAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
515 Finchley Road
London
United Kingdom
NW3 7BB
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