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REGISTERED NUMBER: 08996759 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ANDERSON MOTOR COMPANY LTD.

ANDERSON MOTOR COMPANY LTD. (REGISTERED NUMBER: 08996759)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANDERSON MOTOR COMPANY LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: I J Anderson
L F Anderson





REGISTERED OFFICE: 4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 08996759 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

ANDERSON MOTOR COMPANY LTD. (REGISTERED NUMBER: 08996759)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,583 13,566
10,583 13,566

CURRENT ASSETS
Stocks 6 105,898 144,802
Debtors 7 18,493 229
Cash at bank 26,284 47,935
150,675 192,966
CREDITORS
Amounts falling due within one year 8 23,644 44,764
NET CURRENT ASSETS 127,031 148,202
TOTAL ASSETS LESS CURRENT LIABILITIES 137,614 161,768

CREDITORS
Amounts falling due after more than one
year

9

(22,401

)

(32,333

)

PROVISIONS FOR LIABILITIES 10 (1,171 ) (1,521 )
NET ASSETS 114,042 127,914

CAPITAL AND RESERVES
Called up share capital 11 10 10
Retained earnings 114,032 127,904
SHAREHOLDERS' FUNDS 114,042 127,914

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.

ANDERSON MOTOR COMPANY LTD. (REGISTERED NUMBER: 08996759)

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 11 November 2024 and were signed on its behalf by:





I J Anderson - Director


ANDERSON MOTOR COMPANY LTD. (REGISTERED NUMBER: 08996759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Anderson Motor Company Ltd. 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 generated in connection with the incorporation of a Limited Company from a previous Sole Trading business.

The goodwill is being amortised on a straight line basis over 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

ANDERSON MOTOR COMPANY LTD. (REGISTERED NUMBER: 08996759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ANDERSON MOTOR COMPANY LTD. (REGISTERED NUMBER: 08996759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 11,000
AMORTISATION
At 1 April 2023
and 31 March 2024 11,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 55,352
Additions 603
At 31 March 2024 55,955
DEPRECIATION
At 1 April 2023 41,786
Charge for year 3,586
At 31 March 2024 45,372
NET BOOK VALUE
At 31 March 2024 10,583
At 31 March 2023 13,566

ANDERSON MOTOR COMPANY LTD. (REGISTERED NUMBER: 08996759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 4,695
DEPRECIATION
At 1 April 2023 3,041
Charge for year 413
At 31 March 2024 3,454
NET BOOK VALUE
At 31 March 2024 1,241
At 31 March 2023 1,654

6. STOCKS
2024 2023
£    £   
Stocks 105,898 144,802

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,031 229
Prepayments 462 -
18,493 229

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,369 6,235
Corporation tax 7,098 25,515
VAT 1,071 10,995
Directors' current accounts 1,631 289
Accrued expenses 1,475 1,730
23,644 44,764

ANDERSON MOTOR COMPANY LTD. (REGISTERED NUMBER: 08996759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,650 10,650
Bank loans - 2-5 years 11,751 21,683
22,401 32,333

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,171 1,521

Deferred
tax
£   
Balance at 1 April 2023 1,521
Provided during year (350 )
Balance at 31 March 2024 1,171

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Class ordinary £1 10 10

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end included in other creditors is a loan from the director to the company of £1.692.58 (2023: £289.75) This loan is interest free and payable on demand.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £42,500 were paid to the directors .

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I Anderson by virtue of his 100% shareholding, he has a controlling interest in the company.