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REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

COLIN HOPSON CARS LIMITED

COLIN HOPSON CARS LIMITED (REGISTERED NUMBER: 01595601)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 4

Chartered Certified Accountant's Report 6

COLIN HOPSON CARS LIMITED

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTOR: Mr C Hopson





SECRETARY: Mr M C Hopson





REGISTERED OFFICE: 30 Partridge Flatt Road
Bessacarr
Doncaster
South Yorkshire
DN4 6SB





REGISTERED NUMBER: 01595601 (England and Wales)





ACCOUNTANT: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

COLIN HOPSON CARS LIMITED (REGISTERED NUMBER: 01595601)

REPORT OF THE DIRECTOR
for the year ended 30 June 2023

The director presents his report with the financial statements of the company for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a motor trader.

DIRECTOR
Mr C Hopson held office during the whole of the period from 1 July 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr C Hopson - Director


19 October 2023

COLIN HOPSON CARS LIMITED (REGISTERED NUMBER: 01595601)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,090 3,635

CURRENT ASSETS
Stocks 533,444 888,587
Debtors 5 127,478 159,248
Cash at bank 373,008 240,705
1,033,930 1,288,540
CREDITORS
Amounts falling due within one year 6 492,300 667,658
NET CURRENT ASSETS 541,630 620,882
TOTAL ASSETS LESS CURRENT LIABILITIES 544,720 624,517

CREDITORS
Amounts falling due after more than one year 7 (23,289 ) (33,225 )

PROVISIONS FOR LIABILITIES (587 ) (691 )
NET ASSETS 520,844 590,601

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 520,744 590,501
SHAREHOLDERS' FUNDS 520,844 590,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2023 and were signed by:





Mr C Hopson - Director


COLIN HOPSON CARS LIMITED (REGISTERED NUMBER: 01595601)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Colin Hopson Cars Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

The freehold property has not been treated as an investment property due to the undue cost of ascertaining a fair value on an ongoing basis. In accordance with Financial Reporting Standards 102, the property is depreciated accordingly. Land is not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred taxation
Provision is made at current rates for taxation deferred in respect of all material timing difference.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

COLIN HOPSON CARS LIMITED (REGISTERED NUMBER: 01595601)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 46,783
DEPRECIATION
At 1 July 2022 43,148
Charge for year 545
At 30 June 2023 43,693
NET BOOK VALUE
At 30 June 2023 3,090
At 30 June 2022 3,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 18,211 22,060
Amounts owed by associates - 22,800
Other debtors 101,000 106,000
Prepayments and accrued income 8,267 8,388
127,478 159,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 9,936 179,196
Trade creditors - 2,629
Tax (22 ) 1,113
Social security and other taxes 811 742
VAT 14,275 21,219
Other creditors 34 48
Wages control account - 215
Directors' current accounts 429,235 446,827
Accruals & deferred income 38,031 15,669
492,300 667,658

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 10,191 9,936
Bank loans - 2-5 years 13,098 23,289
23,289 33,225

CHARTERED CERTIFIED ACCOUNTANT'S REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COLIN HOPSON CARS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Colin Hopson Cars Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Colin Hopson Cars Limited in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Colin Hopson Cars Limited and state those matters that I have agreed to state to the director of Colin Hopson Cars Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its director for my work or for this report.

It is your duty to ensure that Colin Hopson Cars Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Colin Hopson Cars Limited. You consider that Colin Hopson Cars Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Colin Hopson Cars Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


Date: .............................................