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REGISTERED NUMBER: 09829111 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2022 TO 30 OCTOBER 2023

FOR

MODERN & HISTORIC MOTORS LIMITED

MODERN & HISTORIC MOTORS LIMITED (REGISTERED NUMBER: 09829111)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MODERN & HISTORIC MOTORS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 OCTOBER 2023







DIRECTORS: R Fordyce
E J H Sendall





REGISTERED OFFICE: 61 Chobham Road
Sunningdale
Berkshire
SL5 0DT





REGISTERED NUMBER: 09829111 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

MODERN & HISTORIC MOTORS LIMITED (REGISTERED NUMBER: 09829111)

BALANCE SHEET
30 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 964 1,134

CURRENT ASSETS
Debtors 5 - 2,569
Cash at bank - 7,940
- 10,509
CREDITORS
Amounts falling due within one year 6 42,937 46,868
NET CURRENT LIABILITIES (42,937 ) (36,359 )
TOTAL ASSETS LESS CURRENT LIABILITIES (41,973 ) (35,225 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (42,073 ) (35,325 )
SHAREHOLDERS' FUNDS (41,973 ) (35,225 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2023 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.

MODERN & HISTORIC MOTORS LIMITED (REGISTERED NUMBER: 09829111)

BALANCE SHEET - continued
30 OCTOBER 2023


The 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 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 30 October 2024 and were signed on its behalf by:





E J H Sendall - Director


MODERN & HISTORIC MOTORS LIMITED (REGISTERED NUMBER: 09829111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 OCTOBER 2023


1. STATUTORY INFORMATION

Modern & Historic Motors 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.

The financial statements have been prepared on a going concern basis which is thought to be appropriate because the directors intend to provide additional funds to meet the company's liabilities as they fall due. The financial statements do not contain any adjustments that might be necessary if the additional funds were not available.

The financial statements are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

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 - 15% on reducing balance

Taxation
Taxation for the period 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.


MODERN & HISTORIC MOTORS LIMITED (REGISTERED NUMBER: 09829111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 OCTOBER 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

Debtors
Debtors are measured at their recoverable amount.

Creditors
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 30 October 2023 1,667
DEPRECIATION
At 1 November 2022 533
Charge for period 170
At 30 October 2023 703
NET BOOK VALUE
At 30 October 2023 964
At 31 October 2022 1,134

MODERN & HISTORIC MOTORS LIMITED (REGISTERED NUMBER: 09829111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 OCTOBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 2,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 71 -
Trade creditors 3,043 2,550
Taxation and social security 4,007 996
Other creditors 35,816 43,322
42,937 46,868

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 October 2023 and the year ended 31 October 2022:

2023 2022
£    £   
E J H Sendall
Balance outstanding at start of period 2,569 -
Amounts advanced - 2,569
Amounts repaid (2,569 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 2,569

9. RELATED PARTY DISCLOSURES

Creditors due within one year include £29,922 (2022 - £29,922) which is owed to R Fordyce and £4,794 (2022 - £Nil) which is owed to E J H Sendall.