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Company Registration No. 15729059 (England and Wales)
Shayan's Motor Company Ltd Unaudited accounts for the period from 19 May 2024 to 31 May 2025
Shayan's Motor Company Ltd Statement of financial position as at 31 May 2025
2025
Notes
£
Fixed assets
Tangible assets
4
5,812
Current assets
Inventories
35,645
Cash at bank and in hand
41,340
76,985
Creditors: amounts falling due within one year
(75,166)
Net current assets
1,819
Total assets less current liabilities
7,631
Provisions for liabilities
Deferred tax
5
(1,104)
Net assets
6,527
Capital and reserves
Called up share capital
6
1
Profit and loss account
6,526
Shareholders' funds
6,527
For the period ending 31 May 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 6 June 2025 and were signed on its behalf by
Mohammed Ali Bashir Director Company Registration No. 15729059
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Shayan's Motor Company Ltd Notes to the Accounts for the period from 19 May 2024 to 31 May 2025
1
Statutory information
Shayan's Motor Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 15729059. The registered office is 11 Huddersfield Road, Mirfield, West Yorkshire, WF14 9HN, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Shayan's Motor Company Ltd Notes to the Accounts for the period from 19 May 2024 to 31 May 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 19 May 2024
-
Additions
7,450
At 31 May 2025
7,450
Depreciation
Charge for the period
1,638
At 31 May 2025
1,638
Net book value
At 31 May 2025
5,812
5
Deferred taxation
2025
£
Accelerated capital allowances
1,104
2025
£
Charged to the profit and loss account
1,104
Provision at end of period
1,104
6
Share capital
2025
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
7
Average number of employees
During the period the average number of employees was 2.
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