Company Registration No. 04306241 (England and Wales)
Trafford Cars Limited
Unaudited accounts
for the year ended 31 October 2022
Trafford Cars Limited
Unaudited accounts
Contents
Trafford Cars Limited
Company Information
for the year ended 31 October 2022
Directors
Mr R L Tandy
Mrs J D Tandy
Company Number
04306241 (England and Wales)
Registered Office
UNIT 4 MANWAY BUSINESS PARK CANAL ROAD
TIMPERLEY
ALTRINCHAM
WA14 1TD
ENGLAND
Accountants
3rd Eye Accountax LTD
PO Box 163
Manchester
Greater Manchester
M26 6DD
Trafford Cars Limited
Statement of financial position
as at 31 October 2022
Intangible assets
43,550
80,550
Tangible assets
482,686
493,426
Cash at bank and in hand
1,323,909
1,121,670
Creditors: amounts falling due within one year
(951,982)
(787,065)
Net current assets
934,260
896,594
Total assets less current liabilities
1,460,496
1,470,570
Creditors: amounts falling due after more than one year
(1,161)
(25,458)
Net assets
1,459,335
1,445,112
Called up share capital
100
100
Profit and loss account
1,459,235
1,445,012
Shareholders' funds
1,459,335
1,445,112
For the year ending 31 October 2022 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 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 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 of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by
Mr R L Tandy
Director
Company Registration No. 04306241
Trafford Cars Limited
Notes to the Accounts
for the year ended 31 October 2022
Trafford Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 04306241. The registered office is UNIT 4 MANWAY BUSINESS PARK CANAL ROAD, TIMPERLEY, ALTRINCHAM, WA14 1TD, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
10% Straight Line
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Trafford Cars Limited
Notes to the Accounts
for the year ended 31 October 2022
4
Intangible fixed assets
Goodwill
At 1 November 2021
331,000
At 31 October 2022
331,000
At 1 November 2021
250,450
Charge for the year
37,000
At 31 October 2022
287,450
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2021
250,850
772,681
472,991
1,496,522
Additions
-
504
78,816
79,320
At 31 October 2022
250,850
773,185
551,807
1,575,842
At 1 November 2021
90,067
579,026
334,003
1,003,096
Charge for the year
6,485
29,124
54,451
90,060
At 31 October 2022
96,552
608,150
388,454
1,093,156
At 31 October 2022
154,298
165,035
163,353
482,686
At 31 October 2021
160,783
193,655
138,988
493,426
Amounts falling due within one year
Trade debtors
562,333
561,989
7
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
19,786
15,275
Trade creditors
27,127
12,049
Amounts owed to group undertakings and other participating interests
657,191
497,201
Taxes and social security
118,156
27,558
Loans from directors
119,722
193,982
Trafford Cars Limited
Notes to the Accounts
for the year ended 31 October 2022
8
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
1,161
25,458
9
Average number of employees
During the year the average number of employees was 34 (2021: 46).