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Company Registration No. 04306241 (England and Wales)
Trafford Cars Limited Unaudited accounts for the year ended 31 October 2023
Trafford Cars Limited Unaudited accounts Contents
Page
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Trafford Cars Limited Company Information for the year ended 31 October 2023
Directors
Mr R L Tandy Mrs J D Tandy
Company Number
04306241 (England and Wales)
Registered Office
UNIT 4 MANWAY BUSINESS PARK CANAL ROAD TIMPERLEY ALTRINCHAM WA14 1TD ENGLAND
Accountants
3rd Eye Accountax LTD PO Box 163 Manchester Greater Manchester M26 6DD
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Trafford Cars Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,550 
43,550 
Tangible assets
417,092 
482,686 
423,642 
526,236 
Current assets
Debtors
379,076 
562,333 
Cash at bank and in hand
893,640 
1,323,909 
1,272,716 
1,886,242 
Creditors: amounts falling due within one year
(228,343)
(951,982)
Net current assets
1,044,373 
934,260 
Total assets less current liabilities
1,468,015 
1,460,496 
Creditors: amounts falling due after more than one year
(5,438)
(1,161)
Net assets
1,462,577 
1,459,335 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,462,477 
1,459,235 
Shareholders' funds
1,462,577 
1,459,335 
For the year ending 31 October 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
Mr R L Tandy Director Company Registration No. 04306241
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Trafford Cars Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Trafford Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 04306241. The registered office is UNIT 4 MANWAY BUSINESS PARK CANAL ROAD, TIMPERLEY, ALTRINCHAM, WA14 1TD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Trafford Cars Limited Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
331,000 
At 31 October 2023
331,000 
Amortisation
At 1 November 2022
287,450 
Charge for the year
37,000 
At 31 October 2023
324,450 
Net book value
At 31 October 2023
6,550 
At 31 October 2022
43,550 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
250,850 
773,185 
551,807 
1,575,842 
At 31 October 2023
250,850 
773,185 
551,807 
1,575,842 
Depreciation
At 1 November 2022
96,552 
608,150 
388,454 
1,093,156 
Charge for the year
- 
24,755 
40,839 
65,594 
At 31 October 2023
96,552 
632,905 
429,293 
1,158,750 
Net book value
At 31 October 2023
154,298 
140,280 
122,514 
417,092 
At 31 October 2022
154,298 
165,035 
163,353 
482,686 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
363,064 
562,333 
Other debtors
16,012 
- 
379,076 
562,333 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
15,027 
19,786 
Trade creditors
7,636 
27,127 
Amounts owed to group undertakings and other participating interests
- 
657,191 
Taxes and social security
112,246 
118,156 
Loans from directors
83,434 
119,722 
Accruals
10,000 
10,000 
228,343 
951,982 
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Trafford Cars Limited Notes to the Accounts for the year ended 31 October 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
5,438 
1,161 
9
Average number of employees
During the year the average number of employees was 33 (2022: 34).
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