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REGISTERED NUMBER: 01277358 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Copley Motors Limited

Copley Motors Limited (Registered number: 01277358)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Copley Motors Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr D Normanton
Mr L S Oughton
Mr B E Oughton





REGISTERED OFFICE: Stonelake Wakefield Road
Copley
Halifax
West Yorkshire
HX3 0UA





REGISTERED NUMBER: 01277358 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Copley Motors Limited (Registered number: 01277358)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 100,473 121,523

CURRENT ASSETS
Stocks 5 414,525 425,554
Debtors 6 132,039 221,548
Cash at bank and in hand 531,116 594,166
1,077,680 1,241,268
CREDITORS
Amounts falling due within one year 7 216,958 313,371
NET CURRENT ASSETS 860,722 927,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

961,195

1,049,420

PROVISIONS FOR LIABILITIES 15,381 18,574
NET ASSETS 945,814 1,030,846

CAPITAL AND RESERVES
Called up share capital 15,100 15,100
Capital redemption reserve 2,900 2,900
Retained earnings 927,814 1,012,846
SHAREHOLDERS' FUNDS 945,814 1,030,846

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

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

Copley Motors Limited (Registered number: 01277358)

Balance Sheet - continued
30 September 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 2 January 2025 and were signed on its behalf by:





Mr B E Oughton - Director


Copley Motors Limited (Registered number: 01277358)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Copley Motors 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Copley Motors Limited (Registered number: 01277358)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
COST
At 1 October 2023 23,528 228,867 46,175
Additions - - 146
Disposals - - -
At 30 September 2024 23,528 228,867 46,321
DEPRECIATION
At 1 October 2023 16,047 174,931 32,860
Charge for year 1,122 8,091 2,008
Eliminated on disposal - - -
At 30 September 2024 17,169 183,022 34,868
NET BOOK VALUE
At 30 September 2024 6,359 45,845 11,453
At 30 September 2023 7,481 53,936 13,315

Copley Motors Limited (Registered number: 01277358)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 October 2023 47,202 36,526 382,298
Additions - - 146
Disposals (250 ) - (250 )
At 30 September 2024 46,952 36,526 382,194
DEPRECIATION
At 1 October 2023 18,231 18,706 260,775
Charge for year 7,223 2,673 21,117
Eliminated on disposal (171 ) - (171 )
At 30 September 2024 25,283 21,379 281,721
NET BOOK VALUE
At 30 September 2024 21,669 15,147 100,473
At 30 September 2023 28,971 17,820 121,523

5. STOCKS
30.9.24 30.9.23
£ £
Stocks 414,525 425,554

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Trade debtors 91,657 132,024
Amounts owed by group undertakings - 2
Other debtors 190 51,390
Prepayments 40,192 38,132
132,039 221,548

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Trade creditors 78,125 57,592
Tax 43,525 113,096
Social security and other tax - 8,127
VAT 56,044 51,294
Other creditors 29,514 40,225
Pension fund 1,334 1,547
Accruals & deferred income 8,416 41,490
216,958 313,371

Copley Motors Limited (Registered number: 01277358)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.9.2430.9.23
££
Director 2
Balance outstanding at start of year-10,464
Amounts advanced291,513-
Amounts repaid(291,513)(10,464)
Balance outstanding at end of year--

30.9.2430.9.23
££
Director 3
Balance outstanding at start of year-33,100
Amounts advanced38,012-
Amounts repaid(38,012)(33,100)
Balance outstanding at end of year--

9. ULTIMATE CONTROLLING PARTY

The controlling party is CM Holdings Group Limited.

The ultimate controlling party is B Oughton and L Oughton.