Registered number
14083784
Tom's Motors Chadderton Ltd
Filleted Accounts
31 May 2023
Tom's Motors Chadderton Ltd
Registered number: 14083784
Balance Sheet
as at 31 May 2023
Notes 2023
£
Fixed assets
Tangible assets 3 196,189
Current assets
Debtors 4 25,819
Cash at bank and in hand 80,261
106,080
Creditors: amounts falling due within one year 5 (284,838)
Net current liabilities (178,758)
Net assets 17,431
Capital and reserves
Called up share capital 100
Profit and loss account 17,331
Shareholders' funds 17,431
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Burgess
Director
Approved by the board on 13 March 2024
Tom's Motors Chadderton Ltd
Notes to the Accounts
for the period from 3 May 2022 to 31 May 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023
Number
Average number of persons employed by the company 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 138,910 91,900 230,810
At 31 May 2023 138,910 91,900 230,810
Depreciation
Charge for the period 20,836 13,785 34,621
At 31 May 2023 20,836 13,785 34,621
Net book value
At 31 May 2023 118,074 78,115 196,189
4 Debtors 2023
£
Trade debtors 25,819
5 Creditors: amounts falling due within one year 2023
£
Trade creditors 65,933
Taxation and social security costs 3,645
Accruals 2,800
Director's Account 212,460
284,838
6 Other information
Tom's Motors Chadderton Ltd is a private company limited by shares and incorporated in England. Its registered office is:
838 Middleton Road
Chadderton
Oldham
England
OL9 0PA
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