2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 11,594 7,674 662 8,336 3,258 3,920 xbrli:pure xbrli:shares iso4217:GBP 4256452 2022-12-01 2023-11-30 4256452 2023-11-30 4256452 2022-11-30 4256452 2021-12-01 2022-11-30 4256452 2022-11-30 4256452 2021-11-30 4256452 core:FurnitureFittings 2022-12-01 2023-11-30 4256452 bus:Director1 2022-12-01 2023-11-30 4256452 core:WithinOneYear 2023-11-30 4256452 core:WithinOneYear 2022-11-30 4256452 core:FurnitureFittings 2022-11-30 4256452 core:FurnitureFittings 2023-11-30 4256452 core:AfterOneYear 2023-11-30 4256452 core:AfterOneYear 2022-11-30 4256452 core:ShareCapital 2023-11-30 4256452 core:ShareCapital 2022-11-30 4256452 core:RetainedEarningsAccumulatedLosses 2023-11-30 4256452 core:RetainedEarningsAccumulatedLosses 2022-11-30 4256452 core:FurnitureFittings 2022-11-30 4256452 bus:SmallEntities 2022-12-01 2023-11-30 4256452 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 4256452 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 4256452 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 4256452 bus:FullAccounts 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 4256452
C C M H AUTOS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 November 2023
C C M H AUTOS LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
3,258
3,920
CURRENT ASSETS
Stocks
41,576
37,368
Debtors
6
1,208
1,327
Cash at bank and in hand
11,895
19,574
--------
--------
54,679
58,269
CREDITORS: amounts falling due within one year
7
21,010
24,273
--------
--------
NET CURRENT ASSETS
33,669
33,996
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
36,927
37,916
CREDITORS: amounts falling due after more than one year
8
1,500
2,500
--------
--------
NET ASSETS
35,427
35,416
--------
--------
C C M H AUTOS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2023
2023
2022
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
35,425
35,414
--------
--------
SHAREHOLDERS FUNDS
35,427
35,416
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 July 2024 , and are signed on behalf of the board by:
L Heron
Director
Company registration number: 4256452
C C M H AUTOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Scholey House, Hirst Road, Chapel Haddlesey, YO8 8QQ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on the car being invoiced, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
(d) Current tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
10% straight line
(g) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(h) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Total
£
£
Cost
At 1 December 2022 and 30 November 2023
11,594
11,594
--------
--------
Depreciation
At 1 December 2022
7,674
7,674
Charge for the year
662
662
--------
--------
At 30 November 2023
8,336
8,336
--------
--------
Carrying amount
At 30 November 2023
3,258
3,258
--------
--------
At 30 November 2022
3,920
3,920
--------
--------
6. DEBTORS
2023
2022
£
£
Other debtors
1,208
1,327
-------
-------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
110
55
Accruals
1,350
1,075
Corporation tax
154
1,153
Social security and other taxes
469
1,106
Directors current accounts
17,927
19,884
Other creditors
1,000
1,000
--------
--------
21,010
24,273
--------
--------
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
1,500
2,500
-------
-------
9. RELATED PARTY TRANSACTIONS
The directors made available loans to the company throughout the year. These loans are interest free and repayable on demand. At the year end the balance of the loan accounts was £17,927 (2022: £19,884).