Company Registration No. 08608350 (England and Wales)
Low Kost Motor Spares Ltd
Unaudited accounts
for the year ended 31 July 2025
Low Kost Motor Spares Ltd
Unaudited accounts
Contents
Low Kost Motor Spares Ltd
Company Information
for the year ended 31 July 2025
Directors
Tahir Mir Hamid
Imran Mir Hamid
Arshad Mahmood
Company Number
08608350 (England and Wales)
Registered Office
424-428 BRADFORD ROAD
BATLEY
WEST YORKSHIRE
WF17 5LS
Low Kost Motor Spares Ltd
Statement of financial position
as at 31 July 2025
Intangible assets
42,000
56,000
Tangible assets
1,944
2,432
Inventories
232,400
243,550
Cash at bank and in hand
15,139
41,987
Creditors: amounts falling due within one year
(193,988)
(276,919)
Net current assets
176,883
126,613
Net assets
220,827
185,045
Called up share capital
100
100
Profit and loss account
220,727
184,945
Shareholders' funds
220,827
185,045
For the year ending 31 July 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by
Tahir Mir Hamid
Director
Company Registration No. 08608350
Low Kost Motor Spares Ltd
Notes to the Accounts
for the year ended 31 July 2025
Low Kost Motor Spares Ltd is a private company, limited by shares, registered in England and Wales, registration number 08608350. The registered office is 424-428 BRADFORD ROAD, BATLEY, WEST YORKSHIRE, WF17 5LS.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Charge for the year
14,000
Low Kost Motor Spares Ltd
Notes to the Accounts
for the year ended 31 July 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2024
24,654
2,000
26,654
At 31 July 2025
24,654
2,000
26,654
At 1 August 2024
22,308
1,914
24,222
Charge for the year
467
21
488
At 31 July 2025
22,775
1,935
24,710
At 31 July 2025
1,879
65
1,944
At 31 July 2024
2,346
86
2,432
Amounts falling due within one year
Trade debtors
123,332
117,995
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
146,968
211,970
Taxes and social security
22,526
37,425
Other creditors
9,494
12,524
Loans from directors
15,000
15,000
8
Average number of employees
During the year the average number of employees was 9 (2024: 9).