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REGISTERED NUMBER: 07121903 (England and Wales)














A & B Motors Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025






A & B Motors Limited (Registered number: 07121903)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & B Motors Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: A Goulding





SECRETARY:





REGISTERED OFFICE: 10 Victoria Road South
Southsea
Hampshire
PO5 2DA





REGISTERED NUMBER: 07121903 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA

A & B Motors Limited (Registered number: 07121903)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 63,577 69,571

CURRENT ASSETS
Stocks 64,409 47,756
Debtors 5 281,323 83,407
Cash at bank and in hand 226,770 307,359
572,502 438,522
CREDITORS
Amounts falling due within one year 6 150,582 123,744
NET CURRENT ASSETS 421,920 314,778
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,497

384,349

CREDITORS
Amounts falling due after more than one year 7 18,333 28,333
NET ASSETS 467,164 356,016

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 467,162 356,014
467,164 356,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

A & B Motors Limited (Registered number: 07121903)

Balance Sheet - continued
31 January 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:





A Goulding - Director


A & B Motors Limited (Registered number: 07121903)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

A & B Motors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

A & B Motors Limited (Registered number: 07121903)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 280,840 64,805 190,178 16,338 552,161
Additions 11,677 - - - 11,677
At 31 January 2025 292,517 64,805 190,178 16,338 563,838
DEPRECIATION
At 1 February 2024 262,712 31,830 171,710 16,338 482,590
Charge for year 5,513 8,244 3,916 (2 ) 17,671
At 31 January 2025 268,225 40,074 175,626 16,336 500,261
NET BOOK VALUE
At 31 January 2025 24,292 24,731 14,552 2 63,577
At 31 January 2024 18,128 32,975 18,468 - 69,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 169,349 83,407
Other debtors 59,860 -
Directors' current accounts 52,114 -
281,323 83,407

A & B Motors Limited (Registered number: 07121903)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 16,256 10,056
Taxation 34,227 33,259
Social security and other taxes 9,192 10,366
VAT 43,943 39,687
Other creditors 4,942 6,747
Directors' current accounts - 878
Accrued expenses 42,022 22,751
150,582 123,744

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans more 5 yr by instal 18,333 28,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,333 28,333