TOWCESTER CLASSIC CARS LIMITED

Company Registration Number:
07446775 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

TOWCESTER CLASSIC CARS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

TOWCESTER CLASSIC CARS LIMITED

Company Information

for the Period Ended 31 March 2024




Director: Ian Bradbury
Registered office: 6
Smithland Court
Greens Norton
Towcester
Northamptonshire
NN12 8DA
Company Registration Number: 07446775 (England and Wales)

TOWCESTER CLASSIC CARS LIMITED

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

The maintenance and service of motor vehicles. The restoration of vintage and classic vehicles. The supply of automotive components. The purchase and sale of used vehicles. The provision of other automotive related services.

Political and charitable donations

None

Company policy on the employment of disabled persons

The company operates according to a written code of conduct which has a philosophy of honesty, fairness and decency towards all customers, employees and suppliers. This includes embracing differences and accommodating the specific needs of an individual.

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Ian Bradbury

This report was approved by the board of directors on 29 November 2024
And Signed On Behalf Of The Board By:

Name: Ian Bradbury
Status: Director

TOWCESTER CLASSIC CARS LIMITED

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 59,942 49,725
Cost of sales ( 26,006 ) ( 18,683 )
Gross Profit or (Loss) 33,936 31,042
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 28,900 ) ( 25,295 )
Other operating income 0 0
Operating Profit or (Loss) 5,036 5,747
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 622 ) ( 622 )
Profit or (Loss) Before Tax 4,414 5,125
Tax on Profit ( 838 ) ( 714 )
Profit or (Loss) for Period 3,576 4,411

The notes form part of these financial statements

TOWCESTER CLASSIC CARS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 20,626 18,323
Cash at bank and in hand: 10,322 8,160
Total current assets: 30,948 26,483
Creditors: amounts falling due within one year: 4 ( 2,139 ) ( 5,697 )
Net current assets (liabilities): 28,809 20,786
Total assets less current liabilities: 28,809 20,786
Creditors: amounts falling due after more than one year: 5 ( 1,044 )
Total net assets (liabilities): 28,809 19,742

The notes form part of these financial statements

TOWCESTER CLASSIC CARS LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 500 500
Profit and loss account: 28,309 19,242
Shareholders funds: 28,809 19,742

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 29 November 2024
And Signed On Behalf Of The Board By:

Name: Ian Bradbury
Status: Director

The notes form part of these financial statements

TOWCESTER CLASSIC CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TOWCESTER CLASSIC CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

TOWCESTER CLASSIC CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

TOWCESTER CLASSIC CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 1,666 4,622
Taxation and social security 473 1,075
Total 2,139 5,697

This amount relates to the repayment of a business loan and also VAT collected but not yet paid to HMRC

TOWCESTER CLASSIC CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 1,044
Total 1,044

This amount relates to future repayments of a business loan.