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REGISTERED NUMBER: 03831070 (England and Wales)












Financial Statements

for the Year Ended 31 August 2023

for

New Cadishead Cars Limited

New Cadishead Cars Limited (Registered number: 03831070)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Cadishead Cars Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mrs C L Madden





REGISTERED OFFICE: 229 Roseway Avenue
Cadishead
Manchester
M44 5GH





REGISTERED NUMBER: 03831070 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

New Cadishead Cars Limited (Registered number: 03831070)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 6,206 8,275
6,206 8,275

CURRENT ASSETS
Debtors 6 12,613 19,513

CREDITORS
Amounts falling due within one year 7 24,117 20,108
NET CURRENT LIABILITIES (11,504 ) (595 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,298

)

7,680

CREDITORS
Amounts falling due after more than one
year

8

5,958

7,878
NET LIABILITIES (11,256 ) (198 )

CAPITAL AND RESERVES
Called up share capital 31,200 31,200
Retained earnings (42,456 ) (31,398 )
SHAREHOLDERS' FUNDS (11,256 ) (198 )

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

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

The director acknowledges her 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.

New Cadishead Cars Limited (Registered number: 03831070)

Balance Sheet - continued
31 August 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 23 April 2024 and were signed by:





Mrs C L Madden - Director


New Cadishead Cars Limited (Registered number: 03831070)

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

1. STATUTORY INFORMATION

New Cadishead Cars 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.

The company relies on the support of its director and shareholder and other lenders. There is nothing to suggest that this support will be withdrawn in the period of one year following the date of the signing of the balance sheet. On this basis, the financial statements have been prepared on the going concern basis.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - not provided
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

New Cadishead Cars Limited (Registered number: 03831070)

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

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 3,000
AMORTISATION
At 1 September 2022
and 31 August 2023 3,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 1,200 57,564 42,138 100,902
DEPRECIATION
At 1 September 2022 1,200 50,847 40,580 92,627
Charge for year - 1,679 390 2,069
At 31 August 2023 1,200 52,526 40,970 94,696
NET BOOK VALUE
At 31 August 2023 - 5,038 1,168 6,206
At 31 August 2022 - 6,717 1,558 8,275

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 3,389 3,503
Other debtors 9,224 11,872
Directors' current accounts - 4,138
12,613 19,513

New Cadishead Cars Limited (Registered number: 03831070)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 6,855 6,102
Trade creditors 1,955 2,828
Tax - 2,548
Social security and other taxes 1,056 7,680
Pension - 50
VAT 7,219 -
Directors' current accounts 6,307 -
Accrued expenses 725 900
24,117 20,108

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 3,088 2,802
Bank loans - 2-5 years 2,870 5,076
5,958 7,878

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
Mrs C L Madden
Balance outstanding at start of year 4,138 27,318
Amounts repaid (4,138 ) (23,180 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,138