Notes to the financial statements
For the financial year ended 31 December 2023
Listdale Motors Limited ("the Company") is a company limited by shares which is incorporated in Northern Ireland registered under the number NI679702 with a registered office at 1 Upper Toberhewny Lane, Lurgan, County Armagh, Northern Ireland, BT66 7EE.
The principal activity of the Company is to sell new passenger vehicles and light commercial vehicles. The Company did not trade for the year ended 31 December 2023.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared in accordance with applicable accounting standards, including Section 1A of Financial Reporting Standard 102 – 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The financial statements are presented in sterling (£).
The following principal accounting policies have been applied:
The following principal accounting policies have been applied:
Short-term debtors are measured at transaction price, less any impairment..
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Judgments in applying accounting policies
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The preparation of financial statements requires management to make judgements, estimates and assumptions in relation to recognition and measurement of assets, liabilities, income and expenses.
In the current financial year management did not make any significant judgements.
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The Company has no employees other than the directors, who did not receive any remuneration (2022: £Nil).
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Debtors: Amounts falling due within one year
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