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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
Page
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182 Classic Motors Limited Company Information for the year ended 31 May 2023
Director
Malcolm Hazard
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
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182 Classic Motors Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,953 
12,521 
Current assets
Inventories
19,152 
18,032 
Debtors
23,507 
32,655 
Cash at bank and in hand
7,366 
29,169 
50,025 
79,856 
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)
Capital and reserves
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
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182 Classic Motors Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 May 2023
1,250 
269 
5,434 
6,953 
At 31 May 2022
1,250 
404 
10,867 
12,521 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,977 
35,745 
Accrued income and prepayments
1,530 
(3,090)
23,507 
32,655 
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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 
97,123 
100,186 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
45,000 
66,125 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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