Classic Car Mechanic Limited 12832697 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is maintenance and repair of motor vehicles. Digita Accounts Production Advanced 6.30.9574.0 true 12832697 2022-12-01 2023-11-30 12832697 2023-11-30 12832697 bus:OrdinaryShareClass1 2023-11-30 12832697 core:CurrentFinancialInstruments 2023-11-30 12832697 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 12832697 core:MotorVehicles 2023-11-30 12832697 core:OfficeEquipment 2023-11-30 12832697 core:PlantMachinery 2023-11-30 12832697 bus:SmallEntities 2022-12-01 2023-11-30 12832697 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 12832697 bus:AbridgedAccounts 2022-12-01 2023-11-30 12832697 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12832697 bus:RegisteredOffice 2022-12-01 2023-11-30 12832697 bus:Director1 2022-12-01 2023-11-30 12832697 bus:Director2 2022-12-01 2023-11-30 12832697 bus:Director3 2022-12-01 2023-11-30 12832697 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 12832697 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12832697 core:OfficeEquipment 2022-12-01 2023-11-30 12832697 core:PlantMachinery 2022-12-01 2023-11-30 12832697 core:Vehicles 2022-12-01 2023-11-30 12832697 countries:AllCountries 2022-12-01 2023-11-30 12832697 2022-11-30 12832697 core:MotorVehicles 2022-11-30 12832697 core:OfficeEquipment 2022-11-30 12832697 core:PlantMachinery 2022-11-30 12832697 2021-12-01 2022-11-30 12832697 2022-11-30 12832697 bus:OrdinaryShareClass1 2022-11-30 12832697 core:CurrentFinancialInstruments 2022-11-30 12832697 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 12832697 core:MotorVehicles 2022-11-30 12832697 core:OfficeEquipment 2022-11-30 12832697 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12832697

Classic Car Mechanic Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 November 2023

 

Classic Car Mechanic Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Classic Car Mechanic Limited

Company Information

Directors

Mr Eric Collins

Ms Ingrid Collins

Ms Siobhan Louise Bartlett

Registered office

76 Mill Chase Road
BORDON
Hampshire
GU35 0HG

Accountants

Accounts Digital Limited
Chartered Certified Accountants
The Shop
Stainton House
Headley Road
Hindhead
Surrey
GU26 6LB

 

Classic Car Mechanic Limited

(Registration number: 12832697)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

9,393

16,916

Current assets

 

Debtors

5

19,421

11,848

Cash at bank and in hand

 

13,818

5,222

 

33,239

17,070

Creditors: Amounts falling due within one year

(240,713)

(99,831)

Net current liabilities

 

(207,474)

(82,761)

Total assets less current liabilities

 

(198,081)

(65,845)

Accruals and deferred income

 

(800)

(800)

Net liabilities

 

(198,881)

(66,645)

Capital and reserves

 

Called up share capital

6

1,000

1,000

Share premium reserve

19,000

19,000

Retained earnings

(218,881)

(86,645)

Shareholders' deficit

 

(198,881)

(66,645)

For the financial 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Classic Car Mechanic Limited

(Registration number: 12832697)
Abridged Balance Sheet as at 30 November 2023

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

Mr Eric Collins
Director

 

Classic Car Mechanic Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
76 Mill Chase Road
BORDON
Hampshire
GU35 0HG
United Kingdom

These financial statements were authorised for issue by the Board on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

• The amount of revenue can be reliably measured;
• it is probable that future economic benefits will flow to the entity;
• and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

Straight Line 25%

 

Classic Car Mechanic Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

Motor Vehicles

Straight Line 25%

Office and Computer equipment

Straight Line 33.33%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2022 - 8).

 

Classic Car Mechanic Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

21,369

1,666

6,500

29,535

At 30 November 2023

21,369

1,666

6,500

29,535

Depreciation

At 1 December 2022

14,642

1,573

3,927

20,142

At 30 November 2023

14,642

1,573

3,927

20,142

Carrying amount

At 30 November 2023

6,727

93

2,573

9,393

At 30 November 2022

12,069

649

4,198

16,916

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000