Leicester Motor Spares Limited
|
Registered Number
:
08470954
|
For the year ended 29 February 2020
England and Wales
Unaudited Financial Statements
For the year ended 29 February 2020
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
2019
2020
Property
,
plant and equipment
|
6,742
8,124
2
6,742
8,124
48,262
41,177
3
Trade and other receivables
|
2,676
16,546
4
3,557
Cash and cash equivalents
|
12,505
70,228
54,495
Trade and other payables
:
amounts falling due within one
|
year
|
(32,713)
(37,686)
5
21,782
32,542
Net current assets
Total assets less current liabilities
|
39,284
29,906
Trade and other payables
:
amounts falling due after more
|
than one year
|
(8,270)
(19,910)
6
(1,281)
(1,544)
Provisions for liabilities
|
18,093
Net assets
20,092
100
100
17,993
19,992
18,093
20,092
Shareholders' funds
For the year ended 29 February 2020 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 29 February 2020 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.
|
These financial statements were approved and authorised for issue by the Board on 29 November 2020 and were signed by:
|
1 of 4
For the year ended 29 February 2020
Leicester Motor Spares Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 4
For the year ended 29 February 2020
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
Computer equipment
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
500
500
-
-
2,913
14,664
500
18,077
Provision for depreciation and impairment
|
9,453
-
8,083
1,370
Charge for year
1,882
125
1,466
291
11,335
125
9,549
1,661
1,252
5,115
375
6,742
1,543
6,581
-
8,124
3 of 4
For the year ended 29 February 2020
Leicester Motor Spares Limited
Notes to the Financial Statements Continued
2019
2020
41,177
48,262
4
.
Trade and other receivables
|
2019
2020
2,420
1,376
14,126
1,300
2,676
16,546
5
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
22,662
6,354
Taxation and social security
|
2,184
3,025
12,840
23,334
37,686
32,713
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
19,910
8,270
7
.
Average number of persons employed
|
During the year the average number of employees was 3 (2019 : 3)
4 of 4