BrightAccountsProduction v1.0.0 v1.0.0 2022-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the repair, servicing and MOT of motor vehicles. 26 February 2024 05985508 2023-11-30 05985508 2022-11-30 05985508 2021-11-30 05985508 2022-12-01 2023-11-30 05985508 2021-12-01 2022-11-30 05985508 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05985508 uk-curr:PoundSterling 2022-12-01 2023-11-30 05985508 uk-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05985508 uk-bus:AbridgedAccounts 2022-12-01 2023-11-30 05985508 uk-core:ShareCapital 2023-11-30 05985508 uk-core:ShareCapital 2022-11-30 05985508 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 05985508 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 05985508 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-11-30 05985508 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-11-30 05985508 uk-bus:FRS102 2022-12-01 2023-11-30 05985508 uk-core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 05985508 uk-core:MotorVehicles 2022-12-01 2023-11-30 05985508 2022-12-01 2023-11-30 05985508 uk-bus:Director1 2022-12-01 2023-11-30 05985508 uk-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Nuffield Motors Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 November 2023



Nuffield Motors Limited
Company Registration Number: 05985508
ABRIDGED BALANCE SHEET
as at 30 November 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 35,636 20,055
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Current Assets
Stocks 4,400 4,900
Debtors 5,258 3,801
Cash at bank and in hand 87,235 69,688
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96,893 78,389
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Creditors: amounts falling due within one year (48,138) (38,984)
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Net Current Assets 48,755 39,405
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Total Assets less Current Liabilities 84,391 59,460
 
Creditors:
amounts falling due after more than one year (15,067) (26,537)
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Net Assets 69,324 32,923
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Capital and Reserves
Called up share capital 2 2
Retained earnings 69,322 32,921
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Shareholders' Funds 69,324 32,923
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 26 February 2024
           
           
________________________________          
Mr S Carkeet          
Director          
           



Nuffield Motors Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 November 2023

   
1. General Information
 
Nuffield Motors Limited is a company limited by shares incorporated in the United Kingdom. 8 Abingdon Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0UG, England is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 November 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% reducing balance
  Motor vehicles - 25% reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 8, (2022 - 5).
 
  2023 2022
  Number Number
 
Director 1 1
Employees 7 4
  ───────── ─────────
  8 5
  ═════════ ═════════
         
4. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 December 2022 86,667 6,250 92,917
Additions 5,020 12,000 17,020
  ───────── ───────── ─────────
At 30 November 2023 91,687 18,250 109,937
  ───────── ───────── ─────────
Depreciation
At 1 December 2022 70,596 2,266 72,862
Charge for the financial year 4,173 3,996 8,169
On disposals (6,730) - (6,730)
  ───────── ───────── ─────────
At 30 November 2023 68,039 6,262 74,301
  ───────── ───────── ─────────
Net book value
At 30 November 2023 23,648 11,988 35,636
  ═════════ ═════════ ═════════
At 30 November 2022 16,071 3,984 20,055
  ═════════ ═════════ ═════════