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
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
Trafford Cars Limited
Statement of financial position
as at 31 October 2023
Intangible assets
6,550
43,550
Tangible assets
417,092
482,686
Cash at bank and in hand
893,640
1,323,909
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
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
Trafford Cars Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Trafford Cars Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill
At 1 November 2022
331,000
At 31 October 2023
331,000
At 1 November 2022
287,450
Charge for the year
37,000
At 31 October 2023
324,450
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
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
At 31 October 2023
154,298
140,280
122,514
417,092
At 31 October 2022
154,298
165,035
163,353
482,686
Amounts falling due within one year
Trade debtors
363,064
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
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).