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Registered number: 4967333

Howard Motor Company Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2022

Prepared By:
The Lanson Partnership

Howard Motor Company Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
DIRECTORS
A Howard
REGISTERED OFFICE
Gazes
Old House Lane
Bisley
Surrey
GU24 9DB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 4967333
ACCOUNTANTS
The Lanson Partnership

Howard Motor Company Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2022
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Howard Motor Company Ltd

BALANCE SHEET AT 31/03/2022
20222021
Notes££
FIXED ASSETS
Tangible assets23,645329
CURRENT ASSETS
Stock40,50046,975
Debtors411,95845,524
Cash at bank and in hand372,831313,824
425,289406,323
CREDITORS: Amounts falling due within one year550,52981,535
NET CURRENT ASSETS374,760324,788
TOTAL ASSETS LESS CURRENT LIABILITIES378,405325,117
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account378,403325,115
SHAREHOLDERS' FUNDS378,405325,117
For the year ending 31/03/2022 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/07/2022 and signed on their behalf by
.............................
A Howard
Director

Howard Motor Company Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 10 - 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Government Grants Deferred
Government grants received are treated as deferred credits and credited to profit and loss account over the estimated useful life of the relevant fixed assets.
1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.

Howard Motor Company Ltd

2. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/04/20211,9661,966
Additions3,9783,978
At 31/03/20225,9445,944
Depreciation
At 01/04/20211,6371,637
For the year662662
At 31/03/20222,2992,299
Net Book Amounts
At 31/03/20223,6453,645
At 31/03/2021329329
3. STOCK 20222021
££
Stock comprises:
Stock of vehicles40,50046,975
40,50046,975
4. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors11,95845,524
11,95845,524
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax31,89555,008
VAT4,38412,011
Paye & Nic creditor1,9661,565
Directors current account116713
Trade creditors9,0009,000
Accruals3,1683,238
50,52981,535

Howard Motor Company Ltd

6. EMPLOYEES
20222021
No.No.
Average number of employees22
7. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
1 Ordinary B shares of £1 each11
22