Company Registration No. 11317022 (England and Wales)
COAST 2 TYNE MOTOR Co LTD
Unaudited accounts
for the year ended 30 April 2023
COAST 2 TYNE MOTOR Co LTD
Statement of financial position
as at 30 April 2023
Tangible assets
138,044
86,045
Inventories
325,000
451,000
Cash at bank and in hand
-
2,185
Creditors: amounts falling due within one year
(242,921)
(376,675)
Net current assets
82,079
76,510
Total assets less current liabilities
220,123
162,555
Creditors: amounts falling due after more than one year
(37,417)
(41,790)
Net assets
182,706
120,765
Called up share capital
1
1
Profit and loss account
182,705
120,764
Shareholders' funds
182,706
120,765
For the year ending 30 April 2023 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 14 November 2023 and were signed on its behalf by
Gary Beever
Director
Company Registration No. 11317022
COAST 2 TYNE MOTOR Co LTD
Notes to the Accounts
for the year ended 30 April 2023
COAST 2 TYNE MOTOR Co LTD is a private company, limited by shares, registered in England and Wales, registration number 11317022. The registered office is Morton House, Morton GRANGE, Fence Houses, Type a choice below ..., DH4 6QA, United Kingdom.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2022
39,795
-
45,300
950
86,045
Additions
-
42,000
9,999
-
51,999
At 30 April 2023
39,795
42,000
55,299
950
138,044
At 30 April 2023
-
-
-
-
-
At 30 April 2023
39,795
42,000
55,299
950
138,044
At 30 April 2022
39,795
-
45,300
950
86,045
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
30,366
6,600
Obligations under finance leases and hire purchase contracts
184,379
333,200
Other creditors
18,526
27,135
Loans from directors
8,300
8,300
COAST 2 TYNE MOTOR Co LTD
Notes to the Accounts
for the year ended 30 April 2023
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).