IAN FARRELL MOTOR COMPANY LTD

Company Registration Number:
06352969 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

IAN FARRELL MOTOR COMPANY LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

IAN FARRELL MOTOR COMPANY LTD

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 24,449 13,943
Total fixed assets: 24,449 13,943
Current assets
Stocks: 319,995 328,339
Debtors:   19,751 57,080
Cash at bank and in hand: 650,664 441,011
Total current assets: 990,410 826,430
Creditors: amounts falling due within one year:   (261,524) (260,813)
Net current assets (liabilities): 728,886 565,617
Total assets less current liabilities: 753,335 579,560
Creditors: amounts falling due after more than one year:   (42,817) (53,466)
Total net assets (liabilities): 710,518 526,094
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 710,418 525,994
Shareholders funds: 710,518 526,094

The notes form part of these financial statements

IAN FARRELL MOTOR COMPANY LTD

Balance sheet statements

For the year ending 31 August 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 November 2023
and signed on behalf of the board by:

Name: N Farrell
Status: Director

The notes form part of these financial statements

IAN FARRELL MOTOR COMPANY LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

IAN FARRELL MOTOR COMPANY LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 11 11

IAN FARRELL MOTOR COMPANY LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 40,840
Additions 26,550
At 31 August 2023 67,390
Depreciation
At 01 September 2022 26,897
Charge for year 16,044
At 31 August 2023 42,941
Net book value
At 31 August 2023 24,449
At 31 August 2022 13,943