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REGISTERED NUMBER: 03671542 (England and Wales)















SWINTON MOTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023






SWINTON MOTORS LIMITED (REGISTERED NUMBER: 03671542)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SWINTON MOTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: G Hays
D F Warren



SECRETARY: G Hays



REGISTERED OFFICE: 86/96 Bridge Street
Swinton
Mexborough
South Yorkshire
S64 8AP



REGISTERED NUMBER: 03671542 (England and Wales)



ACCOUNTANTS: W H Prior
Chartered Certified Accountants
Railway Court
Off Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB



BANKERS: National Westminster Bank Plc
12 High Street
Doncaster
South Yorkshire
DN1 1EJ

SWINTON MOTORS LIMITED (REGISTERED NUMBER: 03671542)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,791 69,794

CURRENT ASSETS
Stocks 31,539 32,330
Debtors 5 3,802 3,636
Cash in hand - 201
35,341 36,167
CREDITORS
Amounts falling due within one year 6 72,455 64,410
NET CURRENT LIABILITIES (37,114 ) (28,243 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,677

41,551

PROVISIONS FOR LIABILITIES 665 595
NET ASSETS 31,012 40,956

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,912 40,856
SHAREHOLDERS' FUNDS 31,012 40,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st July 2024 and were signed on its behalf by:





D F Warren - Director


SWINTON MOTORS LIMITED (REGISTERED NUMBER: 03671542)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Swinton Motors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods - Turnover from the sale of goods is recognised at the point of sale.

Rendering of services - Turnover from the provision of services is recognised on completion of the service and, for engagements spanning the balance sheet date, it is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided and at varying rates on cost
Plant and machinery etc - 25% on cost and 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

SWINTON MOTORS LIMITED (REGISTERED NUMBER: 03671542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st December 2022
and 30th November 2023 76,277 35,736 112,013
DEPRECIATION
At 1st December 2022 9,616 32,603 42,219
Charge for year 533 470 1,003
At 30th November 2023 10,149 33,073 43,222
NET BOOK VALUE
At 30th November 2023 66,128 2,663 68,791
At 30th November 2022 66,661 3,133 69,794

Included in cost of land and buildings is freehold land of £ 30,000 (2022 - £ 30,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,123 1,470
Other debtors 1,679 2,166
3,802 3,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,529 16,140
Trade creditors 11,218 9,679
Taxation and social security 9,764 7,967
Other creditors 23,944 30,624
72,455 64,410

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 27,529 16,140

The bank borrowings are secured over the freehold property owned by the company, and by means of a debenture over the assets and undertaking of the company.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have jointly advanced loans to the company, which are currently interest free and unsecured. The total amount owed to the directors at the balance sheet date was £18,680 (2022: £23,680). During the year dividends were paid to the directors totalling £20,000 (2022: £24,000).

SWINTON MOTORS LIMITED (REGISTERED NUMBER: 03671542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


9. ULTIMATE CONTROLLING PARTY

The company is ultimately owned by Messrs. G. Hays and D. F. Warren who between them own 100% of the issued voting share capital.