Company Registration No. 13011112 (England and Wales)
Saymez Cars Limited
Unaudited accounts
for the year ended 30 November 2024
Saymez Cars Limited
Unaudited accounts
Contents
Saymez Cars Limited
Company Information
for the year ended 30 November 2024
Company Number
13011112 (England and Wales)
Registered Office
175 CAMERON ROAD
DERBY
DE23 8RU
ENGLAND
Accountants
Waleed & Co
19 Chester Avenue
Luton
LU4 9SF
Saymez Cars Limited
Statement of financial position
as at 30 November 2024
Tangible assets
34,007
12,480
Cash at bank and in hand
90,730
141,071
Creditors: amounts falling due within one year
(202,808)
(291,475)
Net current (liabilities)/assets
(18,954)
541
Called up share capital
1
1
Profit and loss account
15,052
13,020
Shareholders' funds
15,053
13,021
For the year ending 30 November 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 8 August 2025 and were signed on its behalf by
Mansoor Ahmed
Director
Company Registration No. 13011112
Saymez Cars Limited
Notes to the Accounts
for the year ended 30 November 2024
Saymez Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 13011112. The registered office is 175 CAMERON ROAD, DERBY, DE23 8RU, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15 % reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2023
14,682
-
14,682
Additions
26,231
1,379
27,610
At 30 November 2024
40,913
1,379
42,292
At 1 December 2023
2,202
-
2,202
Charge for the year
5,807
276
6,083
At 30 November 2024
8,009
276
8,285
At 30 November 2024
32,904
1,103
34,007
At 30 November 2023
12,480
-
12,480
Saymez Cars Limited
Notes to the Accounts
for the year ended 30 November 2024
Amounts falling due within one year
Trade debtors
93,118
150,941
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,210
127
Loans from directors
167,125
228,247
Other creditors include amount owed to the director £167,125 (2023: £122,758).
8
Average number of employees
During the year the average number of employees was 18 (2023: 9).