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Company Registration No. 10187324 (England and Wales)
181 Classic Motors Ltd Unaudited accounts for the year ended 31 May 2024
181 Classic Motors Ltd Unaudited accounts Contents
Page
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181 Classic Motors Ltd Company Information for the year ended 31 May 2024
Director
Malcolm Hazard
Company Number
10187324 (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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181 Classic Motors Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,983 
4,983 
Tangible assets
(31)
2,500 
4,952 
7,483 
Current assets
Debtors
13,111 
34,336 
Cash at bank and in hand
(3,398)
4,606 
9,713 
38,942 
Creditors: amounts falling due within one year
(32,318)
(63,086)
Net current liabilities
(22,605)
(24,144)
Total assets less current liabilities
(17,653)
(16,661)
Creditors: amounts falling due after more than one year
(3,272)
(3,272)
Net liabilities
(20,925)
(19,933)
Capital and reserves
Share premium
(2)
(2)
Profit and loss account
(20,923)
(19,931)
Shareholders' funds
(20,925)
(19,933)
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. 10187324
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181 Classic Motors Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
181 Classic Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 10187324. 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
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
4,983 
At 31 May 2024
4,983 
Amortisation
At 1 June 2023
- 
At 31 May 2024
- 
Net book value
At 31 May 2024
4,983 
At 31 May 2023
4,983 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
678 
6,710 
7,388 
At 31 May 2024
678 
6,710 
7,388 
Depreciation
At 1 June 2023
295 
4,593 
4,888 
Charge for the year
295 
2,236 
2,531 
At 31 May 2024
590 
6,829 
7,419 
Net book value
At 31 May 2024
88 
(119)
(31)
At 31 May 2023
383 
2,117 
2,500 
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181 Classic Motors Ltd Notes to the Accounts for the year ended 31 May 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
8,379 
Trade debtors
6,611 
25,957 
Other debtors
6,500 
- 
13,111 
34,336 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
19,664 
21,944 
VAT
406 
- 
Trade creditors
4,227 
14,749 
Taxes and social security
755 
8,549 
Other creditors
7,266 
17,844 
32,318 
63,086 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,272 
3,272 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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