St Christophers Motor Company Limited 02940883 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the sale of motor vehicles and ancillliary services. Digita Accounts Production Advanced 6.30.9574.0 true true 02940883 2023-01-01 2023-12-31 02940883 2023-12-31 02940883 core:RetainedEarningsAccumulatedLosses 2023-12-31 02940883 core:ShareCapital 2023-12-31 02940883 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02940883 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 02940883 core:FurnitureFittingsToolsEquipment 2023-12-31 02940883 core:OtherPropertyPlantEquipment 2023-12-31 02940883 bus:SmallEntities 2023-01-01 2023-12-31 02940883 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02940883 bus:FullAccounts 2023-01-01 2023-12-31 02940883 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02940883 bus:Director1 2023-01-01 2023-12-31 02940883 bus:Director2 2023-01-01 2023-12-31 02940883 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02940883 core:FurnitureFittings 2023-01-01 2023-12-31 02940883 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 02940883 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 02940883 core:PlantMachinery 2023-01-01 2023-12-31 02940883 countries:AllCountries 2023-01-01 2023-12-31 02940883 2022-12-31 02940883 core:FurnitureFittingsToolsEquipment 2022-12-31 02940883 core:OtherPropertyPlantEquipment 2022-12-31 02940883 2022-01-01 2022-12-31 02940883 2022-12-31 02940883 core:RetainedEarningsAccumulatedLosses 2022-12-31 02940883 core:ShareCapital 2022-12-31 02940883 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 02940883 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 02940883 core:FurnitureFittingsToolsEquipment 2022-12-31 02940883 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 02940883

St Christophers Motor Company Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

St Christophers Motor Company Limited

(Registration number: 02940883)

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

4,460

4,955

Current assets

 

Stocks

-

1,000

Debtors

4

1,595

1,193

 

1,595

2,193

Creditors: Amounts falling due within one year

5

(52,800)

(44,907)

Net current liabilities

 

(51,205)

(42,714)

Total assets less current liabilities

 

(46,745)

(37,759)

Creditors: Amounts falling due after more than one year

5

(6,120)

(9,675)

Net liabilities

 

(52,865)

(47,434)

Capital and reserves

 

Called up share capital

100

120

Profit and loss account

(52,965)

(47,554)

Shareholders' deficit

 

(52,865)

(47,434)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

Approved and authorised by the Board on 4 April 2024 and signed on its behalf by:
 

 

St Christophers Motor Company Limited

(Registration number: 02940883)

Balance Sheet as at 31 December 2023 (continued)

.........................................
M Okrasa
Director

.........................................
C R Allen
Director

 
     
 

St Christophers Motor Company Limited

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

1

Accounting policies

Statutory information

St Christophers Motor Company Limited is a private company, limited by shares, domiciled in England and Wales, company number 02940883. The registered office is at 145-149 Langsett Road South, Sheffield, S35 0GY.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling. The financial statements are those of the company as an individual entity.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates. Income is recognised when goods or services have been delivered to the customer such that risks and rewards of ownership have transferred to them.

Government grants

Grants that relate to the financing of projects to expand the operations of the business are amortised over the expected useful economic lives of the assets or projects concerned. Grants relating to the revenue expenditure are credited to income where receivable.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

St Christophers Motor Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

1

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% reducing balance

Plant and machinery

10% reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

St Christophers Motor Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

3

Tangible assets

Fixtures and fittings
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 January 2023

7,932

26,154

34,086

At 31 December 2023

7,932

26,154

34,086

Depreciation

At 1 January 2023

7,487

21,644

29,131

Charge for the year

44

451

495

At 31 December 2023

7,531

22,095

29,626

Carrying amount

At 31 December 2023

401

4,059

4,460

At 31 December 2022

445

4,510

4,955

4

Debtors

2023
£

2022
£

Other debtors

1,595

1,193

5

Creditors

2023
£

2022
£

Due within one year

Bank loans and overdrafts

32,116

33,011

Trade creditors

14,749

6,706

Taxation and social security

1,655

1,141

Accruals

4,280

4,049

52,800

44,907

Due after one year

Bank loans

6,120

9,675

6

Related party transactions

Included in other debtors is a balance of £1,193 (2022: £1,193) due from the directors to the company.