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Company Registration No. 10264985 (England and Wales)
Liphook Cars Ltd Unaudited accounts for the year ended 30 June 2023
Liphook Cars Ltd Unaudited accounts Contents
Page
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Liphook Cars Ltd Company Information for the year ended 30 June 2023
Directors
Mark Pyne Roland Mark Barrett
Company Number
10264985 (England and Wales)
Registered Office
Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH England
Accountants
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH
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Liphook Cars Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
73,736 
38,911 
Current assets
Debtors
19,524 
15,584 
Cash at bank and in hand
11,497 
17,996 
31,021 
33,580 
Creditors: amounts falling due within one year
(57,360)
(43,540)
Net current liabilities
(26,339)
(9,960)
Total assets less current liabilities
47,397 
28,951 
Creditors: amounts falling due after more than one year
(46,312)
(28,757)
Net assets
1,085 
194 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
985 
94 
Shareholders' funds
1,085 
194 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by
Mark Pyne Director Company Registration No. 10264985
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Liphook Cars Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Liphook Cars Ltd is a private company, limited by shares, registered in England and Wales, registration number 10264985. The registered office is Wolfe Mead, Farnham Road, Bordon, Hampshire, GU35 0NH, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Liphook Cars Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
114,234 
2,551 
116,785 
Additions
72,773 
425 
73,198 
Disposals
(64,469)
- 
(64,469)
At 30 June 2023
122,538 
2,976 
125,514 
Depreciation
At 1 July 2022
76,012 
1,862 
77,874 
Charge for the year
16,333 
263 
16,596 
On disposals
(42,692)
- 
(42,692)
At 30 June 2023
49,653 
2,125 
51,778 
Net book value
At 30 June 2023
72,885 
851 
73,736 
At 30 June 2022
38,222 
689 
38,911 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,657 
9,282 
Accrued income and prepayments
7,830 
6,302 
Other debtors
2,037 
- 
19,524 
15,584 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,569 
6,444 
Obligations under finance leases and hire purchase contracts
12,544 
- 
Trade creditors
3,798 
1,046 
Taxes and social security
2,093 
5,955 
Other creditors
- 
30,095 
Loans from directors
32,356 
- 
57,360 
43,540 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,259 
28,757 
Obligations under finance leases and hire purchase contracts
24,053 
- 
46,312 
28,757 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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