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REGISTERED NUMBER: 02448075 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Aird Motors Limited

Aird Motors Limited (Registered number: 02448075)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Aird Motors Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Tuach
M Roddy
Mrs J Roddy
Mrs K Tuach





SECRETARY: D Tuach





REGISTERED OFFICE: Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE





REGISTERED NUMBER: 02448075 (England and Wales)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA

Aird Motors Limited (Registered number: 02448075)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 286,726 244,029

CURRENT ASSETS
Stocks 634,509 732,326
Debtors 104,227 90,734
Cash at bank and in hand 331,435 223,586
1,070,171 1,046,646
CREDITORS
Amounts falling due within one year 590,505 565,022
NET CURRENT ASSETS 479,666 481,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

766,392

725,653

PROVISIONS FOR LIABILITIES 22,780 14,252
NET ASSETS 743,612 711,401

CAPITAL AND RESERVES
Called up share capital 80,000 80,000
Revaluation Reserve 5 100,000 100,000
Retained earnings 563,612 531,401
SHAREHOLDERS' FUNDS 743,612 711,401

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

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

Aird Motors Limited (Registered number: 02448075)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 March 2024 and were signed on its behalf by:




M Roddy - Director



D Tuach - Director


Aird Motors Limited (Registered number: 02448075)

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

1. STATUTORY INFORMATION

Aird Motors 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold Property - 2% on cost
Plant and Machinery - 33% on cost
Motor Vehicles - 25% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

Freehold property is measured at deemed cost, less depreciation, based on a revaluation in 2015.

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.

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.

Aird Motors Limited (Registered number: 02448075)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 524,104
Additions 99,738
Disposals (85,269 )
At 31 December 2023 538,573
DEPRECIATION
At 1 January 2023 280,075
Charge for year 32,619
Eliminated on disposal (60,847 )
At 31 December 2023 251,847
NET BOOK VALUE
At 31 December 2023 286,726
At 31 December 2022 244,029

5. RESERVES
Revaluation
Reserve
£   
At 1 January 2023
and 31 December 2023 100,000

6. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors, M B Roddy and Mrs J Roddy, throughout the current and previous year.