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REGISTERED NUMBER: 13542277 (England and Wales)







Abridged Financial Statements for the Year Ended 31st March 2024

for

City Motors (Worcester) Limited

City Motors (Worcester) Limited (Registered number: 13542277)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


City Motors (Worcester) Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: C E Henshaw
Ms D J Simpson





REGISTERED OFFICE: 53 Barbourne Road
Worcester
Worcestershire
WR1 1SA





REGISTERED NUMBER: 13542277 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

City Motors (Worcester) Limited (Registered number: 13542277)

Abridged Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,000 40,500
Tangible assets 5 11,863 8,847
47,863 49,347

CURRENT ASSETS
Debtors 68,901 89,196
Cash at bank and in hand 36,480 17,733
105,381 106,929
CREDITORS
Amounts falling due within one year 108,325 100,898
NET CURRENT (LIABILITIES)/ASSETS (2,944 ) 6,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,919

55,378

CREDITORS
Amounts falling due after more than one
year

6

(30,559

)

(34,815

)

PROVISIONS FOR LIABILITIES 8 (600 ) (400 )
NET ASSETS 13,760 20,163

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,660 20,063
13,760 20,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

City Motors (Worcester) Limited (Registered number: 13542277)

Abridged Balance Sheet - continued
31st March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th October 2024 and were signed on its behalf by:




C E Henshaw - Director



Ms D J Simpson - Director


City Motors (Worcester) Limited (Registered number: 13542277)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

City Motors (Worcester) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

City Motors (Worcester) Limited (Registered number: 13542277)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 45,000
AMORTISATION
At 1st April 2023 4,500
Amortisation for year 4,500
At 31st March 2024 9,000
NET BOOK VALUE

At 31st March 2024 36,000
At 31st March 2023 40,500

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 11,514
Additions 9,430
Disposals (3,770 )
At 31st March 2024 17,174
DEPRECIATION
At 1st April 2023 2,667
Charge for year 3,587
Eliminated on disposal (943 )
At 31st March 2024 5,311
NET BOOK VALUE
At 31st March 2024 11,863
At 31st March 2023 8,847

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 9,259 14,815

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 2,500 -

The loan is secured against the assets of the company.

City Motors (Worcester) Limited (Registered number: 13542277)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 600 400

Deferred
tax
£   
Balance at 1st April 2023 400
Provided during year 200
Balance at 31st March 2024 600

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Creditors is a loan from the directors, Mr C E Henshaw and Ms D J Simpson. It is interest free.

10. RELATED PARTY DISCLOSURES

Included within the accounts is a loan to City Motors (Rentals) Ltd, a company registered in the United Kingdom. No interest is charged on this loan.