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REGISTERED NUMBER: 04854109 (England and Wales)















CEMETERY ROAD MOTOR COMPANY LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






CEMETERY ROAD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 04854109)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CEMETERY ROAD MOTOR COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs S J Gillott
P Gillott
Mrs N J Gillott
M Gillott





SECRETARY: M Gillott





REGISTERED OFFICE: 300 Cemetery Road
Sheffield
South Yorkshire
S11 8FT





REGISTERED NUMBER: 04854109 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

CEMETERY ROAD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 04854109)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 110,760 138,450
Tangible assets 5 14,057 14,116
124,817 152,566

CURRENT ASSETS
Stocks 539,279 553,989
Debtors 6 742,659 735,313
Cash at bank and in hand 20,447 13,035
1,302,385 1,302,337
CREDITORS
Amounts falling due within one year 7 758,851 823,766
NET CURRENT ASSETS 543,534 478,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,351

631,137

CREDITORS
Amounts falling due after more than one
year

8

(64,176

)

(29,376

)

PROVISIONS FOR LIABILITIES (3,200 ) (2,800 )
NET ASSETS 600,975 598,961

CAPITAL AND RESERVES
Called up share capital 11 4 4
Retained earnings 600,971 598,957
SHAREHOLDERS' FUNDS 600,975 598,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

CEMETERY ROAD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 04854109)

BALANCE SHEET - continued
30 APRIL 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 29 January 2025 and were signed on its behalf by:




M Gillott - Director



P Gillott - Director


CEMETERY ROAD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 04854109)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Cemetery Road Motor Company 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.

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 paid in connection with the acquisition of a business in 2003, is being amortised over its estimated useful life.

The carrying value and useful life of the goodwill was reviewed by the directors in 2019 and is being amortised evenly over 10 years from this date.

The directors considered various factors when looking at the value of the goodwill, and the new useful life recognises the difficulty of making a reliable estimate of the finite life of the goodwill, and the appropriate prudent approach to that, in line with generally accepted accounting principles.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% 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.


CEMETERY ROAD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 04854109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 390,000
AMORTISATION
At 1 May 2023 251,550
Charge for year 27,690
At 30 April 2024 279,240
NET BOOK VALUE
At 30 April 2024 110,760
At 30 April 2023 138,450

CEMETERY ROAD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 04854109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 3,761 32,111 3,689 5,233 44,794
Additions 1,200 1,418 - - 2,618
At 30 April 2024 4,961 33,529 3,689 5,233 47,412
DEPRECIATION
At 1 May 2023 3,363 20,992 2,781 3,542 30,678
Charge for year 283 1,880 91 423 2,677
At 30 April 2024 3,646 22,872 2,872 3,965 33,355
NET BOOK VALUE
At 30 April 2024 1,315 10,657 817 1,268 14,057
At 30 April 2023 398 11,119 908 1,691 14,116

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 74,911 150,709
Amounts owed by group undertakings 453,292 493,176
Other debtors 175,645 91,428
703,848 735,313

Amounts falling due after more than one year:
Other debtors 38,811 -

Aggregate amounts 742,659 735,313

CEMETERY ROAD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 04854109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 103,960 124,369
Other loans 404,115 500,007
Hire purchase contracts (see note 9) 4,806 -
Trade creditors 44,826 58,308
Amounts owed to group undertakings 16,387 17,078
Taxation and social security 132,062 76,428
VAT 13,416 6,493
Other creditors - 697
Directors' current accounts - 30,340
Accrued expenses 39,279 10,046
758,851 823,766

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 4,829 4,829
Bank loans - 2-5 years 14,487 14,487
Bank loans more 5 yr by instal 5,231 10,060
Hire purchase contracts (see note 9) 39,629 -
64,176 29,376

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,231 10,060

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 4,806 -
Between one and five years 39,629 -
44,435 -

CEMETERY ROAD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 04854109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 38,333 50,000
Between one and five years 33,750 72,083
72,083 122,083

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdrafts 99,131 119,540
Other loans 404,115 500,007
503,246 619,547

The other loans are stock loans and are secured on stock held.

The company has an overdraft facility of £200,000 which is secured by a charge on the assets of the company and by personal guarantees given by M Gillott and P Gillott, directors of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
4 Ordinary £1 4 4

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
M Gillott and Mrs N J Gillott
Balance outstanding at start of year - -
Amounts advanced 43,934 96,675
Amounts repaid (23,400 ) (96,675 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,534 -

CEMETERY ROAD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 04854109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

P Gillott and Mrs S J Gillott
Balance outstanding at start of year - -
Amounts advanced 117,863 127,010
Amounts repaid (23,400 ) (127,010 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,463 -

Interest has been charged by the company at HMRC's official rates.
There are no fixed terms for repayment.