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REGISTERED NUMBER: 09572167















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Austin Motor Company Ltd

Austin Motor Company Ltd (Registered number: 09572167)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Austin Motor Company Ltd

Company Information
for the year ended 31 May 2023







DIRECTOR: J J Stubbs





SECRETARY:





REGISTERED OFFICE: Unit 23 & 24 Broadfields
Dunmow Road
Rayne
Essex
CM77 6SA





REGISTERED NUMBER: 09572167





ACCOUNTANTS: Simpson Forbes Accountants
Unit 6,CherryTree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

Austin Motor Company Ltd (Registered number: 09572167)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 29,978 22,819
29,978 22,819

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 6 11,021 15,083
Cash at bank 18,833 22,012
39,854 47,095
CREDITORS
Amounts falling due within one year 7 (15,356 ) (5,824 )
NET CURRENT ASSETS 55,210 52,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,188

75,738

CREDITORS
Amounts falling due after more than one
year

8

(350,053

)

(233,724

)

PROVISIONS FOR LIABILITIES 9 - (4,336 )
NET LIABILITIES (264,865 ) (162,322 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (265,065 ) (162,522 )
(264,865 ) (162,322 )

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

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

The director acknowledges his 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.

Austin Motor Company Ltd (Registered number: 09572167)

Balance Sheet - continued
31 May 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 director and authorised for issue on 31 October 2023 and were signed by:





J J Stubbs - Director


Austin Motor Company Ltd (Registered number: 09572167)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Austin Motor Company Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of one years.

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.

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 NIL (2022 - 1 ).

Austin Motor Company Ltd (Registered number: 09572167)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 340
AMORTISATION
At 1 June 2022
and 31 May 2023 340
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 28,730
Additions 15,915
At 31 May 2023 44,645
DEPRECIATION
At 1 June 2022 5,911
Charge for year 8,756
At 31 May 2023 14,667
NET BOOK VALUE
At 31 May 2023 29,978
At 31 May 2022 22,819

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 8,303 12,509

Amounts falling due after more than one year:
Other debtors 2,718 2,574

Aggregate amounts 11,021 15,083

Austin Motor Company Ltd (Registered number: 09572167)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2 (1 )
Amounts owed to group undertakings 4,386 9,386
Taxation and social security (19,744 ) (15,414 )
Other creditors - 205
(15,356 ) (5,824 )

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 31,250 41,250
Other creditors 318,803 192,474
350,053 233,724

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 4,336

Deferred
tax
£   
Balance at 1 June 2022 4,336
Balance at 31 May 2023 4,336

10. RELATED PARTY DISCLOSURES

Austin Motor Company Ltd owes Black Art Designs Ltd £4386.49 as at 31st May 2023, both companies are under common control.

11. ULTIMATE CONTROLLING PARTY

The controlling party is J J Stubbs.