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REGISTERED NUMBER: 06334379 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Crompton Way Motors Limited

Crompton Way Motors Limited (Registered number: 06334379)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crompton Way Motors Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P A Richards
Mrs L Richards





SECRETARY: Mrs L Richards





REGISTERED OFFICE: 8 Crompton Way
Bolton
BL2 2SD





REGISTERED NUMBER: 06334379 (England and Wales)





ACCOUNTANTS: KG Accountancy & Bookkeeping Services Limited
29 Whitegate Drive
Blackpool
Lancashire
FY3 9AA

Crompton Way Motors Limited (Registered number: 06334379)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 448,625 440,230

CURRENT ASSETS
Stocks 564,452 496,278
Debtors 5 38,809 52,026
Cash at bank 40,481 13,644
643,742 561,948
CREDITORS
Amounts falling due within one year 6 833,363 830,395
NET CURRENT LIABILITIES (189,621 ) (268,447 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,004

171,783

CREDITORS
Amounts falling due after more than
one year

7

36,904

43,113
NET ASSETS 222,100 128,670

RESERVES
Retained earnings 222,100 128,670
222,100 128,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Crompton Way Motors Limited (Registered number: 06334379)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





P A Richards - Director


Crompton Way Motors Limited (Registered number: 06334379)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Crompton Way Motors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

Crompton Way Motors Limited (Registered number: 06334379)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 348,453 110,135 458,588
Additions - 8,395 8,395
At 31 October 2023 348,453 118,530 466,983
DEPRECIATION
At 1 November 2022
and 31 October 2023 - 18,358 18,358
NET BOOK VALUE
At 31 October 2023 348,453 100,172 448,625
At 31 October 2022 348,453 91,777 440,230

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 40,490 53,707
Other debtors (1,681 ) (1,681 )
38,809 52,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 548,117 516,700
Trade creditors 102,615 44,358
Taxation and social security 29,407 30,445
Other creditors 153,224 238,892
833,363 830,395

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 36,904 43,113