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REGISTERED NUMBER: 01158750 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Kirkby Lonsdale Motors Limited

Kirkby Lonsdale Motors Limited (Registered number: 01158750)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Kirkby Lonsdale Motors Limited (Registered number: 01158750)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230,806 234,591

CURRENT ASSETS
Stocks 140,206 106,556
Debtors 5 57,576 68,251
Cash at bank and in hand 1,707,891 1,402,573
1,905,673 1,577,380
CREDITORS
Amounts falling due within one year 6 365,971 313,323
NET CURRENT ASSETS 1,539,702 1,264,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,770,508

1,498,648

PROVISIONS FOR LIABILITIES 33,634 20,986
NET ASSETS 1,736,874 1,477,662

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,736,872 1,477,660
1,736,874 1,477,662

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Kirkby Lonsdale Motors Limited (Registered number: 01158750)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





C M Atkinson - Director


Kirkby Lonsdale Motors Limited (Registered number: 01158750)

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

1. STATUTORY INFORMATION

Kirkby Lonsdale Motors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01158750

Registered office: Kendal Road
Kirkby Lonsdale
LA6 2HH

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Kirkby Lonsdale Motors Limited (Registered number: 01158750)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 370,144 454,796 824,940
Additions - 42,400 42,400
Disposals - (18,800 ) (18,800 )
At 31 March 2024 370,144 478,396 848,540
DEPRECIATION
At 1 April 2023 262,680 327,669 590,349
Charge for year 11,191 34,994 46,185
Eliminated on disposal - (18,800 ) (18,800 )
At 31 March 2024 273,871 343,863 617,734
NET BOOK VALUE
At 31 March 2024 96,273 134,533 230,806
At 31 March 2023 107,464 127,127 234,591

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 48,234 55,660
Other debtors 9,342 12,591
57,576 68,251

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 149,292 103,936
Taxation and social security 126,021 107,046
Other creditors 90,658 102,341
365,971 313,323