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Company Registration No. 10677213 (England and Wales)
182 Classic Motors Limited Unaudited accounts for the year ended 31 May 2024
182 Classic Motors Limited Unaudited accounts Contents
Page
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182 Classic Motors Limited Company Information for the year ended 31 May 2024
Director
Malcolm Hazard
Company Number
10677213 (England and Wales)
Registered Office
Units 6-9 Old Great North Road Sutton on Trent Newark NG23 6QS
Accountants
Clearview Accountancy and Finance Ltd Aura Business Centre Manners Road Newark Nottinghamshire NG24 1BS
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182 Classic Motors Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,385 
6,953 
Current assets
Inventories
15,123 
19,152 
Debtors
24,500 
23,507 
Cash at bank and in hand
10,253 
7,366 
49,876 
50,025 
Creditors: amounts falling due within one year
(95,741)
(97,123)
Net current liabilities
(45,865)
(47,098)
Total assets less current liabilities
(44,480)
(40,145)
Creditors: amounts falling due after more than one year
(39,182)
(45,000)
Net liabilities
(83,662)
(85,145)
Capital and reserves
Profit and loss account
(83,662)
(85,145)
Shareholders' funds
(83,662)
(85,145)
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 February 2025 and were signed on its behalf by
Malcolm Hazard Director Company Registration No. 10677213
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182 Classic Motors Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
182 Classic Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 10677213. The registered office is Units 6-9, Old Great North Road, Sutton on Trent, Newark, NG23 6QS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
1,250 
539 
16,300 
18,089 
At 31 May 2024
1,250 
539 
16,300 
18,089 
Depreciation
At 1 June 2023
- 
270 
10,866 
11,136 
Charge for the year
- 
135 
5,433 
5,568 
At 31 May 2024
- 
405 
16,299 
16,704 
Net book value
At 31 May 2024
1,250 
134 
1 
1,385 
At 31 May 2023
1,250 
269 
5,434 
6,953 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,970 
21,977 
Accrued income and prepayments
1,530 
1,530 
24,500 
23,507 
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182 Classic Motors Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,936 
- 
Trade creditors
45,807 
39,322 
Taxes and social security
27,357 
42,152 
Other creditors
16,736 
11,649 
Loans from directors
3,905 
4,000 
95,741 
97,123 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
39,182 
45,000 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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