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REGISTERED NUMBER: 01032825 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Kirkston Motors Limited

Kirkston Motors Limited (Registered number: 01032825)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kirkston Motors Limited

Company Information
for the Year Ended 31 December 2023







Director: Mr G W Firth





Registered office: 2-4 Easy Road
Leeds
LS9 0AZ





Registered number: 01032825 (England and Wales)





Accountants: Ashby Berry Coulsons
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Kirkston Motors Limited (Registered number: 01032825)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 284 568
Investment property 5 120,000 120,000
120,284 120,568

Current assets
Debtors 6 800 -
Cash at bank 92,507 85,275
93,307 85,275
Creditors
Amounts falling due within one year 7 34,105 32,219
Net current assets 59,202 53,056
Total assets less current liabilities 179,486 173,624

Provisions for liabilities 12,000 12,000
Net assets 167,486 161,624

Capital and reserves
Called up share capital 8 100 100
Revaluation reserve 9 27,358 27,358
Other reserves 9 62,926 62,926
Retained earnings 9 77,102 71,240
Shareholders' funds 167,486 161,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Kirkston Motors Limited (Registered number: 01032825)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





Mr G W Firth - Director


Kirkston Motors Limited (Registered number: 01032825)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Kirkston 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 1 (2022 - 1 ) .

Kirkston Motors Limited (Registered number: 01032825)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 7,603 5,246 12,849
Depreciation
At 1 January 2023 7,603 4,678 12,281
Charge for year - 284 284
At 31 December 2023 7,603 4,962 12,565
Net book value
At 31 December 2023 - 284 284
At 31 December 2022 - 568 568

5. Investment property
Total
£   
Fair value
At 1 January 2023
and 31 December 2023 120,000
Net book value
At 31 December 2023 120,000
At 31 December 2022 120,000

The investment properties were valued on a fair value basis on 31 December 2023 by the director.

Fair value at 31 December 2023 is represented by:
£   
Valuation in 1988 27,358
Valuation in 2018 42,926
Valuation in 2022 20,000
Cost 29,716
120,000

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 800 -

Kirkston Motors Limited (Registered number: 01032825)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - 106
Tax 1,676 1,464
Directors' current accounts 31,228 29,448
Accrued expenses 1,201 1,201
34,105 32,219

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. Reserves
Retained Revaluation Other
earnings reserve reserves Totals
£    £    £    £   

At 1 January 2023 71,240 27,358 62,926 161,524
Profit for the year 6,862 - - 6,862
Dividends (1,000 ) - - (1,000 )
At 31 December 2023 77,102 27,358 62,926 167,386