Sylvan Motors Ltd 11275675 false 2022-10-01 2023-09-29 2023-09-29 The principal activity of the company is that of the sale of second hand motor vehicles. Digita Accounts Production Advanced 6.30.9574.0 true true 11275675 2022-10-01 2023-09-29 11275675 2023-09-29 11275675 core:RetainedEarningsAccumulatedLosses 2023-09-29 11275675 core:ShareCapital 2023-09-29 11275675 core:CurrentFinancialInstruments 2023-09-29 11275675 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-29 11275675 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-29 11275675 bus:SmallEntities 2022-10-01 2023-09-29 11275675 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-29 11275675 bus:FullAccounts 2022-10-01 2023-09-29 11275675 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-29 11275675 bus:RegisteredOffice 2022-10-01 2023-09-29 11275675 bus:Director1 2022-10-01 2023-09-29 11275675 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-29 11275675 countries:EnglandWales 2022-10-01 2023-09-29 11275675 2021-10-01 2022-09-30 11275675 2022-09-30 11275675 core:RetainedEarningsAccumulatedLosses 2022-09-30 11275675 core:ShareCapital 2022-09-30 11275675 core:CurrentFinancialInstruments 2022-09-30 11275675 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 11275675 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 11275675

Sylvan Motors Ltd

Unaudited Financial Statements

for the Period from 1 October 2022 to 29 September 2023

 

Sylvan Motors Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Sylvan Motors Ltd

(Registration number: 11275675)
Balance Sheet as at 29 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

1,500

Creditors: Amounts falling due within one year

5

(10,500)

(6,000)

Total assets less current liabilities

 

(10,500)

(4,500)

Creditors: Amounts falling due after more than one year

5

(13,000)

(19,000)

Net liabilities

 

(23,500)

(23,500)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(23,501)

(23,501)

Shareholders' deficit

 

(23,500)

(23,500)

For the financial period ending 29 September 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 accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 26 September 2024
 

.........................................
Mr Thomas Hine
Director

 

Sylvan Motors Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

1

General information

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

The address of its registered office is:
Unit 3A
Normacot Road
Stoke-On-Trent
ST3 1PW
UK

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These 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.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The directors of Sylvan Motors Ltd have
agreed to ensure the company have sufficient funds to meet their day to day working capital requirements.
The directors consider that these facilities will continue to be made available to the company. On this basis, the
directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of motor vehicles 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.

 

Sylvan Motors Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

Government grants

Government Grants are recognised using the accrual model. Grants which relate to revenue shall be recognised in other operating income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Any amounts outstanding at the year end will be included within other debtors.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined on the original purchase price of the vehicles.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2022 - 0).

4

Debtors

2023
£

2022
£

Other debtors

-

1,500

-

1,500

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

10,500

6,000

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Other non-current financial liabilities

13,000

19,000