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
Southport Motor Co Ltd
Company Information
for the year ended 31 December 2023
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
Southport Motor Co Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
7,360
8,255
Inventories
974,977
928,953
Cash at bank and in hand
316,356
290,151
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
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
Southport Motor Co Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 31 December 2023
5,028
27,063
2,227
34,318
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
At 31 December 2023
3,180
4,180
-
7,360
At 31 December 2022
3,169
5,086
-
8,255
Southport Motor Co Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
74,076
6,837
Other debtors
221,160
206,101
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
42,202
Trade creditors
40,377
4,165
Taxes and social security
(14,486)
(7,280)
7
Creditors: amounts falling due after more than one year
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).