SC595477falseCar Dealer2023-05-012024-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-04-30http://www.companieshouse.gov.uk/cd:Director12023-05-012024-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-04-30http://www.companieshouse.gov.uk/cd:Director22023-05-012024-04-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-05-012024-04-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-05-012024-04-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-05-012024-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-04-30http://www.companieshouse.gov.uk/2023-05-012024-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:FRS1022023-05-012024-04-30http://www.companieshouse.gov.uk/2024-04-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-05-012024-04-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-05-012024-04-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: SC595477

Mount Vernon Motors Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
Clydegrove Accountants (Glasgow) Ltd
910 Tollcross Road
Glasgow
G32 8PE

Mount Vernon Motors Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
Alan Shaw
Charlie Shaw
REGISTERED OFFICE
17 Springcroft Wynd
Baillieston
Glasgow
G69 6SE
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC595477
ACCOUNTANTS
Clydegrove Accountants (Glasgow) Ltd
910 Tollcross Road
Glasgow
G32 8PE

Mount Vernon Motors Ltd

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Mount Vernon Motors Ltd

BALANCE SHEET AT 30/04/2024
20242023
Notes££
CURRENT ASSETS
Stock357,337271,402
Cash at bank and in hand1,098,298936,136
1,455,6351,207,538
CREDITORS: Amounts falling due within one year484,79999,449
NET CURRENT ASSETS1,370,8361,108,089
TOTAL ASSETS LESS CURRENT LIABILITIES1,370,8361,108,089
CREDITORS: Amounts falling due after more than one year5600,000440,000
NET ASSETS770,836668,089
CAPITAL AND RESERVES
Called up share capital611
Profit and loss account770,835668,088
SHAREHOLDERS' FUNDS770,836668,089
For the year ending 30/04/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/01/2025 and signed on their behalf by
.............................
Alan Shaw
Director

Mount Vernon Motors Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees--
3. STOCK 20242023
££
Stock comprises:
Stock357,337271,402
357,337271,402

Mount Vernon Motors Ltd

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax50,95677,088
Other creditors33,84322,361
84,79999,449
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Other creditors > 1yr600,000440,000
600,000440,000
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11