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REGISTERED NUMBER: 08250733 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Graham Turner (Motor Cars) Ltd

Graham Turner (Motor Cars) Ltd (Registered number: 08250733)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Graham Turner (Motor Cars) Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr G M Turner





REGISTERED OFFICE: Laurel Cottage
Queen Street
Chedworth
Gloucestershire
GL54 4AG





REGISTERED NUMBER: 08250733 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

Graham Turner (Motor Cars) Ltd (Registered number: 08250733)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Stocks 52,574 57,324
Debtors 4 193 193
Cash at bank 33,104 40,340
85,871 97,857
CREDITORS
Amounts falling due within one year 5 22,524 21,458
NET CURRENT ASSETS 63,347 76,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,347

76,399

CREDITORS
Amounts falling due after more than one
year

6

20,833

30,833
NET ASSETS 42,514 45,566

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 42,513 45,565
SHAREHOLDERS' FUNDS 42,514 45,566

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

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

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 27 June 2024 and were signed by:




Mr G M Turner - Director


Graham Turner (Motor Cars) Ltd (Registered number: 08250733)

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

1. STATUTORY INFORMATION

Graham Turner (Motor Cars) Ltd 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 193 193

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 512 4,682
Other creditors 12,012 6,776
22,524 21,458

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 20,833 30,833

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G M Turner.