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Company Registration No. 6778969 (England and Wales)
Southport Motor Co Ltd Unaudited accounts for the year ended 31 December 2023
Southport Motor Co Ltd Unaudited accounts Contents
Page
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Southport Motor Co Ltd Company Information for the year ended 31 December 2023
Director
J Crowder-Barton
Company Number
6778969 (England and Wales)
Registered Office
37-39 Shakespeare Street Southport Merseyside PR8 5AB
Accountants
Henshaws Accountants Office 7 37-39 Shakespeare Street Southport PR8 5AB
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Southport Motor Co Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,360 
8,255 
Current assets
Inventories
974,977 
928,953 
Debtors
295,236 
289,397 
Cash at bank and in hand
316,356 
290,151 
1,586,569 
1,508,501 
Creditors: amounts falling due within one year
(53,002)
(61,899)
Net current assets
1,533,567 
1,446,602 
Total assets less current liabilities
1,540,927 
1,454,857 
Creditors: amounts falling due after more than one year
(29,849)
(38,182)
Net assets
1,511,078 
1,416,675 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,510,978 
1,416,575 
Shareholders' funds
1,511,078 
1,416,675 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 July 2024 and were signed on its behalf by
J Crowder-Barton Director Company Registration No. 6778969
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Southport Motor Co Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Southport Motor Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 6778969. The registered office is 37-39 Shakespeare Street, Southport, Merseyside, PR8 5AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, gross of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% SL
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
4,225 
27,063 
2,227 
33,515 
Additions
803 
- 
- 
803 
At 31 December 2023
5,028 
27,063 
2,227 
34,318 
Depreciation
At 1 January 2023
1,056 
21,977 
2,227 
25,260 
Charge for the year
792 
906 
- 
1,698 
At 31 December 2023
1,848 
22,883 
2,227 
26,958 
Net book value
At 31 December 2023
3,180 
4,180 
- 
7,360 
At 31 December 2022
3,169 
5,086 
- 
8,255 
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Southport Motor Co Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
74,076 
6,837 
Other debtors
221,160 
206,101 
295,236 
212,938 
Amounts falling due after more than one year
Trade debtors
- 
76,459 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
42,202 
VAT
24,741 
20,446 
Trade creditors
40,377 
4,165 
Taxes and social security
(14,486)
(7,280)
Accruals
2,370 
2,366 
53,002 
61,899 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,849 
38,182 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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