Company Registration No. 07680257 (England and Wales)
CRANBROOK MOTORS LIMITED
Unaudited accounts
for the year ended 30 November 2023
CRANBROOK MOTORS LIMITED
Unaudited accounts
Contents
CRANBROOK MOTORS LIMITED
Company Information
for the year ended 30 November 2023
Company Number
07680257 (England and Wales)
Registered Office
301 THE DRIVE
ILFORD
IG1 3PN
CRANBROOK MOTORS LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
587,882
287,882
Cash at bank and in hand
120,371
302,073
Creditors: amounts falling due within one year
(5,759)
(4,553)
Net current assets
138,414
351,322
Total assets less current liabilities
726,296
639,204
Creditors: amounts falling due after more than one year
(709,006)
(613,680)
Called up share capital
100
100
Profit and loss account
17,190
25,424
Shareholders' funds
17,290
25,524
For the year ending 30 November 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 14 August 2024 and were signed on its behalf by
MOIN AKHTAR
Director
Company Registration No. 07680257
CRANBROOK MOTORS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
CRANBROOK MOTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07680257. The registered office is 301 THE DRIVE, ILFORD, IG1 3PN.
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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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
At 1 December 2022
287,882
At 30 November 2023
587,882
At 30 November 2023
587,882
At 30 November 2022
287,882
Amounts falling due within one year
Other debtors
23,802
53,802
CRANBROOK MOTORS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,395
2,774
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
128,273
126,947
Other creditors
76,000
86,000
Loans from directors
504,733
400,733
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Average number of employees
During the year the average number of employees was 0 (2022: 0).