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REGISTERED NUMBER: 03651152 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CLASSIC CAR STORAGE LIMITED

CLASSIC CAR STORAGE LIMITED (REGISTERED NUMBER: 03651152)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLASSIC CAR STORAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: J P Oates
Mrs M B Oates





SECRETARY: J P Oates





REGISTERED OFFICE: Old Ditcham Farm
Ditcham
Petersfield
Hampshire
GU31 5RQ





REGISTERED NUMBER: 03651152 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

CLASSIC CAR STORAGE LIMITED (REGISTERED NUMBER: 03651152)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,479 99,428

CURRENT ASSETS
Debtors 5 457,346 435,873
Cash at bank and in hand 8,500 10,002
465,846 445,875
CREDITORS
Amounts falling due within one year 6 272,591 285,859
NET CURRENT ASSETS 193,255 160,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,734

259,444

PROVISIONS FOR LIABILITIES 22,277 18,341
NET ASSETS 262,457 241,103

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 262,455 241,101
SHAREHOLDERS' FUNDS 262,457 241,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CLASSIC CAR STORAGE LIMITED (REGISTERED NUMBER: 03651152)

BALANCE SHEET - continued
31ST MARCH 2024


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 Board of Directors and authorised for issue on 12th August 2024 and were signed on its behalf by:





J P Oates - Director


CLASSIC CAR STORAGE LIMITED (REGISTERED NUMBER: 03651152)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Classic Car Storage 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Solar PV Installation - 4% on cost
Plant and machinery - 15% on reducing balance
Storage equipment - 15% on reducing balance
Security equipment - 15% on reducing balance
Computer equipment - 25% on cost

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.

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 2 (2023 - 2 ) .

CLASSIC CAR STORAGE LIMITED (REGISTERED NUMBER: 03651152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Solar PV Plant and Storage
Installation machinery equipment
£    £    £   
COST
At 1st April 2023
and 31st March 2024 167,759 54,217 21,669
DEPRECIATION
At 1st April 2023 76,062 49,156 21,669
Charge for year 6,710 759 -
At 31st March 2024 82,772 49,915 21,669
NET BOOK VALUE
At 31st March 2024 84,987 4,302 -
At 31st March 2023 91,697 5,061 -

Security Computer
equipment equipment Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 19,171 16,040 278,856
DEPRECIATION
At 1st April 2023 16,726 15,815 179,428
Charge for year 367 113 7,949
At 31st March 2024 17,093 15,928 187,377
NET BOOK VALUE
At 31st March 2024 2,078 112 91,479
At 31st March 2023 2,445 225 99,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,262 25,936
Other debtors 414,187 382,140
Prepayments 29,897 27,797
457,346 435,873

CLASSIC CAR STORAGE LIMITED (REGISTERED NUMBER: 03651152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,859 8,957
Trade creditors 34,169 32,991
Tax 25,748 22,309
Social security and other taxes 1,950 1,491
VAT 11,034 16,656
Other creditors 125,544 125,879
Directors' loan accounts 1,187 15,944
Accruals and deferred income 52,100 61,632
272,591 285,859