2023-04-01 04575653 2024-03-31 04575653 2023-04-01 2024-03-31 04575653 2023-03-31 04575653 2022-04-01 2023-03-31 04575653 uk-core:WithinOneYear 2023-03-31 04575653 uk-core:WithinOneYear 2024-03-31 04575653 uk-core:ShareCapital 2024-03-31 04575653 uk-core:ShareCapital 2023-03-31 04575653 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04575653 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04575653 uk-bus:Director1 2023-04-01 2024-03-31 04575653 uk-bus:Director2 2023-04-01 2024-03-31 04575653 uk-core:Buildings 2023-04-01 2024-03-31 04575653 uk-core:PlantMachinery 2023-04-01 2024-03-31 04575653 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 04575653 uk-core:FurnitureFittings 2023-04-01 2024-03-31 04575653 uk-core:FurnitureFittings 2023-03-31 04575653 uk-core:CommercialMotorVehicles 2023-03-31 04575653 uk-core:PlantMachinery 2023-03-31 04575653 uk-core:Buildings 2023-03-31 04575653 uk-core:PlantMachinery 2024-03-31 04575653 uk-core:CommercialMotorVehicles 2024-03-31 04575653 uk-core:FurnitureFittings 2024-03-31 04575653 uk-core:Buildings 2024-03-31 iso4217:GBP xbrli:pure 04575653 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04575653 uk-bus:FRS102 2023-04-01 2024-03-31 04575653 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 04575653 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Cunningham Motors Limited
Registered Number:04575653
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Cunningham Motors Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
04575653
As at 31 March 2024
Cunningham Motors Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
75,892
82,903
2
75,892
82,903
Current assets
Inventories
3,325
2,740
3
Trade and other receivables
25,344
24,868
4
104,523
Cash and cash equivalents
81,356
108,964
133,192
Trade and other payables: amounts falling due within
one year
(107,750)
(49,173)
5
25,442
59,791
Net current assets
Total assets less current liabilities
135,683
108,345
(6,865)
(9,442)
Provisions for liabilities
128,818
Net assets
98,903
Capital and reserves
Called up share capital
100
100
Retained earnings
128,718
98,803
128,818
98,903
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
04575653
For the year ended 31 March 2024
Cunningham Motors Limited
Statement of Financial Position Continued
Mr David Alan Constance Director
Mrs Genene Mary Constance Director
These financial statements were approved and authorised for issue by the Board on 16 July 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Cunningham Motors Limited
Notes to the Financial Statements
Statutory Information
Cunningham Motors Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 04575653.
Registered address:
Station Lane
Thetford
Norfolk
IP24 1ND
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical
costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Straight line
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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6
For the year ended 31 March 2024
Cunningham Motors Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor
vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 April 2023
173,028
2,100
37,792
87,459
45,677
9,250
-
-
9,250
-
Additions
-
(1,150)
-
-
Disposals
(1,150)
At 31 March 2024
96,709
36,642
2,100
181,128
45,677
Provision for depreciation and impairment
At 01 April 2023
90,125
1,086
15,987
40,510
32,542
Charge for year
15,971
152
5,415
7,749
2,655
(860)
-
(860)
-
-
On disposal
At 31 March 2024
105,236
1,238
20,542
48,259
35,197
At 31 March 2024
Net book value
10,480
48,450
16,100
862
75,892
At 31 March 2023
13,135
46,949
21,805
1,014
82,903
3. Inventories
2023
2024
£
£
Stocks
2,740
3,325
4. Trade and other receivables
2023
2024
£
£
Trade debtors
24,868
25,344
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
16,085
22,987
Taxation and social security
27,851
28,534
Other creditors
5,237
56,229
49,173
107,750
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7
For the year ended 31 March 2024
Cunningham Motors Limited
Notes to the Financial Statements Continued
6. Related party transactions
During the year the Company paid rent of £19,200 (2023: £19,200) for premises owned by the Directors
Mr David Constance and Mrs Genene Constance
7. Average number of persons employed
During the year the average number of employees was 4 (2023 : 5)
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