2023-02-01 2024-01-31 false No description of principal activity Capium Accounts Production 1.1 08375806 bus:FullAccounts 2023-02-01 2024-01-31 08375806 bus:FRS102 2023-02-01 2024-01-31 08375806 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 08375806 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08375806 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08375806 2023-02-01 2024-01-31 08375806 2024-01-31 08375806 bus:RegisteredOffice 2023-02-01 2024-01-31 08375806 core:WithinOneYear 2024-01-31 08375806 core:AfterOneYear 2024-01-31 08375806 bus:Director1 2023-02-01 2024-01-31 08375806 bus:Director1 2024-01-31 08375806 bus:Director1 2022-02-01 2023-01-31 08375806 bus:Director2 2023-02-01 2024-01-31 08375806 bus:Director2 2024-01-31 08375806 bus:Director2 2022-02-01 2023-01-31 08375806 2022-02-01 08375806 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 08375806 2022-02-01 2023-01-31 08375806 2023-01-31 08375806 core:WithinOneYear 2023-01-31 08375806 core:AfterOneYear 2023-01-31 08375806 bus:EntityAccountantsOrAuditors 2022-02-01 2023-01-31 08375806 core:PlantMachinery 2023-02-01 2024-01-31 08375806 core:PlantMachinery 2024-01-31 08375806 core:PlantMachinery 2023-01-31 08375806 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-01-31 08375806 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 08375806 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 08375806 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 08375806 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-01-31 08375806 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 08375806 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 08375806 core:Non-currentFinancialInstruments 2024-01-31 08375806 core:Non-currentFinancialInstruments 2023-01-31 08375806 core:ShareCapital 2024-01-31 08375806 core:ShareCapital 2023-01-31 08375806 core:RetainedEarningsAccumulatedLosses 2024-01-31 08375806 core:RetainedEarningsAccumulatedLosses 2023-01-31 08375806 dpl:Item1 2023-02-01 08375806 dpl:Item1 2024-01-31 08375806 dpl:Item1 2022-02-01 08375806 dpl:Item1 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08375806
England and Wales

 

 

 

CROWTHER LODGE MOTOR COMPANY LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 30,232    35,211 
30,232    35,211 
Current assets      
Stocks 4 1,824,648    1,257,912 
Debtors 5 25,610    91,848 
Cash at bank and in hand 155,384    221,123 
2,005,642    1,570,883 
Creditors: amount falling due within one year 6 (1,483,636)   (990,996)
Net current assets 522,006    579,887 
 
Total assets less current liabilities 552,238    615,098 
Creditors: amount falling due after more than one year 7 (212,215)   (250,891)
Net assets 340,023    364,207 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 339,923    364,107 
Shareholders' funds 340,023    364,207 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 17 October 2024 and were signed on its behalf by:


-------------------------------
Paul Peacock
Director
1
General Information
Crowther Lodge Motor Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08375806, registration address Park Road, Felling by Pass, Gateshead, NE30 4PB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under going concern and the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 11 (2023 : 12).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 February 2023 122,411    122,411 
Additions 356    356 
Disposals  
At 31 January 2024 122,767    122,767 
Depreciation
At 01 February 2023 87,200    87,200 
Charge for year 5,335    5,335 
On disposals  
At 31 January 2024 92,535    92,535 
Net book values
Closing balance as at 31 January 2024 30,232    30,232 
Opening balance as at 01 February 2023 35,211    35,211 


4.

Stocks

2024
£
  2023
£
Stocks 1,824,648    1,257,912 
1,824,648    1,257,912 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 24,656    62,854 
Prepayments & Accrued Income 954    8,143 
VAT   20,851 
25,610    91,848 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 401,977    60,928 
Corporation Tax 6,086    26,115 
PAYE & Social Security 3,241    9,410 
Pension control 1,415    1,413 
Advance Paid 9,288   
Other Creditors 15,000   
MotoNovo & BCA 780,652    826,950 
Funding circle 230,654    38,179 
Directors' Current Accounts 28,001    28,001 
VAT 7,322   
1,483,636    990,996 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Loan 212,215    250,891 
212,215    250,891 

8.

Directors advances, credits and guarantees

Included in creditors: amounts falling due within one year are amounts owed to Directors of £28,001 (2023 - £28,001)
9.

Controlling party

For the whole of the period under review the company was under the control of Mr John Houckham and Mr Paul Peacock.
2