Leicester Motor Spares Limited
|
Registered Number
:
08470954
|
For the year ended 28 February 2019
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2019
Leicester Motor Spares Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Leicester Motor Spares Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
8,124
9,882
2
8,124
9,882
55,193
48,262
3
Trade and other receivables
|
1,426
2,676
4
8,420
Cash and cash equivalents
|
3,557
54,495
65,039
Trade and other payables
:
amounts falling due within one
|
year
|
(49,228)
(32,713)
5
15,811
21,782
Net current assets
Total assets less current liabilities
|
29,906
25,693
Trade and other payables
:
amounts falling due after more
|
than one year
|
(7,038)
(8,270)
6
(1,544)
(1,878)
Provisions for liabilities
|
20,092
Net assets
16,777
100
100
19,992
16,677
20,092
16,777
Shareholders' funds
For the year ended 28 February 2019 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 of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Raees Gulam Vali Director
|
These financial statements were approved and authorised for issue by the Board on 20 November 2019 and were signed by:
|
1 of 4
For the year ended 28 February 2019
Leicester Motor Spares Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 4
For the year ended 28 February 2019
Leicester Motor Spares Limited
Notes to the Financial Statements
Statutory Information
Leicester Motor Spares Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
08470954
.
|
248 Humberstone Road
Leicester
LE5 0EG
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
2
.
Property
,
plant and equipment
|
17,577
14,664
2,913
2,913
14,664
17,577
Provision for depreciation and impairment
|
7,695
6,616
1,079
Charge for year
1,758
1,467
291
9,453
8,083
1,370
1,543
6,581
8,124
1,834
8,048
9,882
3 of 4
For the year ended 28 February 2019
Leicester Motor Spares Limited
Notes to the Financial Statements Continued
2018
2019
48,262
55,193
4
.
Trade and other receivables
|
2018
2019
1,376
109
1,300
1,317
1,426
2,676
5
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
6,354
6,181
Taxation and social security
|
3,025
10,851
23,334
32,196
32,713
49,228
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2018
2019
8,270
7,038
4 of 4