Company Registration No. 10187324 (England and Wales)
181 Classic Motors Ltd
Unaudited accounts
for the year ended 31 May 2023
181 Classic Motors Ltd
Unaudited accounts
Contents
181 Classic Motors Ltd
Company Information
for the year ended 31 May 2023
Company Number
10187324 (England and Wales)
Registered Office
Units 6-9
Old Great North Road
Sutton on Trent
Newark
NG23 6QS
Accountants
Clearview Accountancy and Finance Ltd
Aura Business Centre
Manners Road
Newark
Nottinghamshire
NG24 1BS
181 Classic Motors Ltd
Statement of financial position
as at 31 May 2023
Intangible assets
4,983
4,983
Tangible assets
2,500
2,500
Cash at bank and in hand
4,606
5,007
Creditors: amounts falling due within one year
(63,086)
(65,402)
Net current liabilities
(24,144)
(17,438)
Total assets less current liabilities
(16,661)
(9,955)
Creditors: amounts falling due after more than one year
(3,272)
(5,907)
Net liabilities
(19,933)
(15,862)
Profit and loss account
(19,931)
(15,860)
Shareholders' funds
(19,933)
(15,862)
For the year ending 31 May 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 21 February 2024 and were signed on its behalf by
Malcolm Hazard
Director
Company Registration No. 10187324
181 Classic Motors Ltd
Notes to the Accounts
for the year ended 31 May 2023
181 Classic Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 10187324. The registered office is Units 6-9, Old Great North Road, Sutton on Trent, Newark, NG23 6QS.
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.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 June 2022
678
6,710
7,388
At 31 May 2023
678
6,710
7,388
At 1 June 2022
295
4,593
4,888
At 31 May 2023
295
4,593
4,888
At 31 May 2023
383
2,117
2,500
At 31 May 2022
383
2,117
2,500
181 Classic Motors Ltd
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
25,957
34,234
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
21,944
(20,390)
Trade creditors
14,749
59,544
Taxes and social security
8,549
5,582
Other creditors
17,844
20,666
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).