REGISTERED NUMBER: 07414115 (England and Wales)

Financial Statements for the Year Ended 30 September 2024

for

S & N Motors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

S D Wortley

N L Palmer

REGISTERED OFFICE:

61A Blagden Street

Sheffield

S2 5QS

REGISTERED NUMBER:

07414115 (England and Wales)

ACCOUNTANTS:

Hartrose Associates Ltd

61A Blagden Street

Sheffield

South Yorkshire

S2 5QS

FIXED ASSETS

Tangible assets

4

76,984

77,814

CURRENT ASSETS

Stocks

677,025

691,955

Debtors

5

39,613

4,141

Cash at bank and in hand

175,051

152,499

891,689

848,595

CREDITORS

Amounts falling due within one year

6

531,834

555,335

NET CURRENT ASSETS

359,855

293,260

TOTAL ASSETS LESS CURRENT LIABILITIES

436,839

371,074

CREDITORS

Amounts falling due after more than one year

7

119,160

77,765

NET ASSETS

317,679

293,309

CAPITAL AND RESERVES

Called up share capital

185

185

Retained earnings

317,494

293,124

SHAREHOLDERS' FUNDS

317,679

293,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2025 and were signed on its behalf by:

S D Wortley - Director

1.	STATUTORY INFORMATION

S & N 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

-

in accordance with the property

Fixtures and fittings

-

10% 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 Income Statement, 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.

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 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 October 2023

and 30 September 2024

34,782

37,278

7,700

DEPRECIATION

At 1 October 2023

-

-

4,414

Charge for year

-

-

330

At 30 September 2024

-

-

4,744

NET BOOK VALUE

At 30 September 2024

34,782

37,278

2,956

At 30 September 2023

34,782

37,278

3,286

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2023

and 30 September 2024

3,200

4,781

87,741

DEPRECIATION

At 1 October 2023

2,188

3,325

9,927

Charge for year

300

200

830

At 30 September 2024

2,488

3,525

10,757

NET BOOK VALUE

At 30 September 2024

712

1,256

76,984

At 30 September 2023

1,012

1,456

77,814

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Other debtors

39,613

4,141

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

-

21,359

Trade creditors

15,300

22,417

Taxation and social security

175,462

130,935

Other creditors

341,072

380,624

531,834

555,335

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

67,160

77,765

Other creditors

52,000

-

119,160

77,765

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S D Wortley.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hartrose Associates Ltd

61A Blagden Street

Sheffield

South Yorkshire

S2 5QS

7 September 2025