Company Registration No. 07414266 (England and Wales)
TEMPLAR CARS LIMITED
Unaudited accounts
for the period from 1 November 2022 to 30 April 2024
TEMPLAR CARS LIMITED
Unaudited accounts
Contents
TEMPLAR CARS LIMITED
Company Information
for the period from 1 November 2022 to 30 April 2024
Directors
Andrew John Hobson
Gary Walker
Company Number
07414266 (England and Wales)
Registered Office
Unit 5
Pond Street
Chesterfield
Derbyshire
S40 2LE
England
Accountants
Hammond & Co
36 Chesterfield Road
Market Street
Staveley
Derbyshire
S43 3UT
TEMPLAR CARS LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
18,951
2,184
Inventories
523,959
402,880
Cash at bank and in hand
35,033
79,942
Creditors: amounts falling due within one year
(129,410)
(101,610)
Net current assets
488,762
388,980
Total assets less current liabilities
507,713
391,164
Creditors: amounts falling due after more than one year
(53,388)
(36,574)
Provisions for liabilities
Net assets
450,724
354,175
Called up share capital
2
2
Profit and loss account
450,722
354,173
Shareholders' funds
450,724
354,175
For the period ending 30 April 2024 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 22 October 2024 and were signed on its behalf by
Andrew John Hobson
Director
Company Registration No. 07414266
TEMPLAR CARS LIMITED
Notes to the Accounts
for the period from 1 November 2022 to 30 April 2024
TEMPLAR CARS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07414266. The registered office is Unit 5, Pond Street, Chesterfield, Derbyshire, S40 2LE, 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.
These financial statements for the period from 1 November 2022 to 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Fixtures & fittings
30% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
-
13,119
-
13,119
Additions
22,000
-
1,374
23,374
At 30 April 2024
22,000
13,119
1,374
36,493
At 1 November 2022
-
10,935
-
10,935
Charge for the period
5,500
654
453
6,607
At 30 April 2024
5,500
11,589
453
17,542
At 30 April 2024
16,500
1,530
921
18,951
At 31 October 2022
-
2,184
-
2,184
TEMPLAR CARS LIMITED
Notes to the Accounts
for the period from 1 November 2022 to 30 April 2024
Amounts falling due within one year
Trade debtors
59,180
5,482
6
Creditors: amounts falling due within one year
2024
2022
Bank loans and overdrafts
-
5,556
Trade creditors
28,448
33,594
Taxes and social security
82,808
13,446
Loans from directors
17,000
10,000
7
Creditors: amounts falling due after more than one year
2024
2022
Obligations under finance leases and hire purchase contracts
19,522
-
8
Average number of employees
During the period the average number of employees was 7 (2022: 8).