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REGISTERED NUMBER: 04453596 (England and Wales)















A1 Motoring Limited

Unaudited Financial Statements for the Year Ended 31 July 2023






A1 Motoring Limited (Registered number: 04453596)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


A1 Motoring Limited

Company Information
for the Year Ended 31 July 2023







Directors: A Syder
Mrs R Syder





Secretary: Mrs R Syder





Registered office: Bradford House
Yarmouth Rd
Stalham
Norfolk
NR12 9PD





Registered number: 04453596 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

A1 Motoring Limited (Registered number: 04453596)

Statement of Financial Position
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,028 968

Current assets
Stocks 49,975 49,135
Debtors 5 567 617
Cash at bank and in hand 45,166 54,084
95,708 103,836
Creditors
Amounts falling due within one year 6 23,569 20,833
Net current assets 72,139 83,003
Total assets less current liabilities 73,167 83,971

Provisions for liabilities 195 184
Net assets 72,972 83,787

Capital and reserves
Called up share capital 100 100
Retained earnings 72,872 83,687
72,972 83,787

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 24 April 2024 and were signed on its behalf by:




A Syder - Director


A1 Motoring Limited (Registered number: 04453596)

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

1. Statutory information

A1 Motoring 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Shop & office equipment - 15% on reducing balance

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

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

A1 Motoring Limited (Registered number: 04453596)

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

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

4. Tangible fixed assets
Shop &
office
equipment
£   
Cost
At 1 August 2022 5,322
Additions 349
Disposals (299 )
At 31 July 2023 5,372
Depreciation
At 1 August 2022 4,354
Charge for year 181
Eliminated on disposal (191 )
At 31 July 2023 4,344
Net book value
At 31 July 2023 1,028
At 31 July 2022 968

5. Debtors: amounts falling due within one year
31/7/23 31/7/22
£    £   
Other debtors 567 617

6. Creditors: amounts falling due within one year
31/7/23 31/7/22
£    £   
Trade creditors 16,842 12,883
Taxation and social security 4,969 5,635
Other creditors 1,758 2,315
23,569 20,833