Company Registration No. 10677213 (England and Wales)
182 Classic Motors Limited
Unaudited accounts
for the year ended 31 May 2023
182 Classic Motors Limited
Unaudited accounts
Contents
182 Classic Motors Limited
Company Information
for the year ended 31 May 2023
Company Number
10677213 (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
182 Classic Motors Limited
Statement of financial position
as at 31 May 2023
Tangible assets
6,953
12,521
Cash at bank and in hand
7,366
29,169
Creditors: amounts falling due within one year
(97,123)
(100,186)
Net current liabilities
(47,098)
(20,330)
Total assets less current liabilities
(40,145)
(7,809)
Creditors: amounts falling due after more than one year
(45,000)
(66,125)
Net liabilities
(85,145)
(73,934)
Profit and loss account
(85,145)
(73,934)
Shareholders' funds
(85,145)
(73,934)
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 9 February 2024 and were signed on its behalf by
Malcolm Hazard
Director
Company Registration No. 10677213
182 Classic Motors Limited
Notes to the Accounts
for the year ended 31 May 2023
182 Classic Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 10677213. 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
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
1,250
539
16,300
18,089
At 31 May 2023
1,250
539
16,300
18,089
At 1 June 2022
-
135
5,433
5,568
Charge for the year
-
135
5,433
5,568
At 31 May 2023
-
270
10,866
11,136
At 31 May 2023
1,250
269
5,434
6,953
At 31 May 2022
1,250
404
10,867
12,521
Amounts falling due within one year
Trade debtors
21,977
35,745
Accrued income and prepayments
1,530
(3,090)
182 Classic Motors Limited
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
39,322
36,238
Taxes and social security
42,152
41,869
Other creditors
11,649
18,079
Loans from directors
4,000
4,000
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).