ILKESTON MOTOR FACTORS LIMITED

ILKESTON MOTOR FACTORS LIMITED

ILKESTON MOTOR FACTORS LIMITED - Company Information

Print Friendly Version

1 October 2020 false No description of principal activity Taxfiler 2022.6 08559517business:PrivateLimitedCompanyLtd2020-10-012021-09-30 085595172020-09-30 085595172020-10-012021-09-30 08559517business:AuditExempt-NoAccountantsReport2020-10-012021-09-30 08559517business:FullAccounts2020-10-012021-09-30 085595172021-09-30 08559517business:Director12020-10-012021-09-30 08559517business:RegisteredOffice2020-10-012021-09-30 085595172020-09-30 08559517core:WithinOneYear2021-09-30 08559517core:WithinOneYear2020-09-30 08559517core:AfterOneYear2021-09-30 08559517core:AfterOneYear2020-09-30 08559517core:ShareCapital2021-09-30 08559517core:ShareCapital2020-09-30 08559517core:RetainedEarningsAccumulatedLosses2021-09-30 08559517core:RetainedEarningsAccumulatedLosses2020-09-30 08559517business:SmallEntities2020-10-012021-09-30 08559517countries:EnglandWales2020-10-012021-09-30 08559517core:PlantMachinery2020-10-012021-09-30 08559517core:MotorVehicles2020-10-012021-09-30 08559517core:FurnitureFittings2020-10-012021-09-30 08559517core:PlantMachinery2020-09-30 08559517core:MotorVehicles2020-09-30 08559517core:FurnitureFittings2020-09-30 08559517core:PlantMachinery2021-09-30 08559517core:MotorVehicles2021-09-30 08559517core:FurnitureFittings2021-09-30 085595172019-10-012020-09-30 iso4217:GBP xbrli:pure
Company Registration No. 08559517 (England and Wales)
ILKESTON MOTOR FACTORS LIMITED Unaudited accounts for the year ended 30 September 2021
ILKESTON MOTOR FACTORS LIMITED Unaudited accounts Contents
Page
- 2 -
ILKESTON MOTOR FACTORS LIMITED Company Information for the year ended 30 September 2021
Director
Mr T Valuckis
Company Number
08559517 (England and Wales)
Registered Office
THE ROPE WALK STATION ROAD ILKESTON DERBYSHIRE DE7 5HX
Accountants
SQK Accountancy Limited 275 Deansgate Manchester North West England M3 4EL
- 3 -
ILKESTON MOTOR FACTORS LIMITED Statement of financial position as at 30 September 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
5,328 
7,103 
Current assets
Inventories
21,628 
21,628 
Debtors
5
33,853 
36,173 
Cash at bank and in hand
67,823 
54,521 
123,304 
112,322 
Creditors: amounts falling due within one year
6
(80,963)
(53,367)
Net current assets
42,341 
58,955 
Total assets less current liabilities
47,669 
66,058 
Creditors: amounts falling due after more than one year
7
(35,638)
(50,000)
Provisions for liabilities
Deferred tax
(1,545)
(1,545)
Net assets
10,486 
14,513 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,386 
14,413 
Shareholders' funds
10,486 
14,513 
For the year ending 30 September 2021 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.
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 30 June 2022 and were signed on its behalf by
Mr T Valuckis Director Company Registration No. 08559517
- 4 -
ILKESTON MOTOR FACTORS LIMITED Notes to the Accounts for the year ended 30 September 2021
1
Statutory information
ILKESTON MOTOR FACTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08559517. The registered office is THE ROPE WALK, STATION ROAD, ILKESTON, DERBYSHIRE, DE7 5HX.
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 remained unchanged from the previous year, and also 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.
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
20% Reduced balance
Motor vehicles
20% Reduced balance
Fixtures & fittings
20% Reduced balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2020
6,962 
3,000 
9,158 
19,120 
At 30 September 2021
6,962 
3,000 
9,158 
19,120 
Depreciation
At 1 October 2020
4,908 
1,080 
6,029 
12,017 
Charge for the year
513 
480 
782 
1,775 
At 30 September 2021
5,421 
1,560 
6,811 
13,792 
Net book value
At 30 September 2021
1,541 
1,440 
2,347 
5,328 
At 30 September 2020
2,054 
1,920 
3,129 
7,103 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
33,853 
36,173 
- 5 -
ILKESTON MOTOR FACTORS LIMITED Notes to the Accounts for the year ended 30 September 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
9,634 
- 
Trade creditors
30,310 
25,442 
Taxes and social security
10,531 
9,459 
Loans from directors
30,488 
18,466 
80,963 
53,367 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
35,638 
50,000 
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
- 6 -