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REGISTERED NUMBER: 09997638 (England and Wales)





























Unaudited Financial Statements for the Year Ended 31 July 2024

for

Academy Motor Group Limited

Academy Motor Group Limited (Registered number: 09997638)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Academy Motor Group Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr Jason Robert Mawdsley



REGISTERED OFFICE: 38 Eton Business Park
Bury Road
Radcliffe
Manchester
M26 2ZS



REGISTERED NUMBER: 09997638 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Barclays Bank

Academy Motor Group Limited (Registered number: 09997638)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 779,837 779,837

CURRENT ASSETS
Cash at bank 4,751 32,783

CREDITORS
Amounts falling due within one year 5 (6,433 ) (27,911 )
NET CURRENT (LIABILITIES)/ASSETS (1,682 ) 4,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

778,155

784,709

CREDITORS
Amounts falling due after more than one
year

6

(158,758

)

(138,047

)
NET ASSETS 619,397 646,662

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 619,297 646,562
SHAREHOLDERS' FUNDS 619,397 646,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2025 and were signed by:



Mr Jason Robert Mawdsley - Director


Academy Motor Group Limited (Registered number: 09997638)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Academy Motor Group 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.

Investments in subsidiaries
Investment in the subsidiary undertaking, Tottington Motor Company Limited, is recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 779,837
NET BOOK VALUE
At 31 July 2024 779,837
At 31 July 2023 779,837

Academy Motor Group Limited (Registered number: 09997638)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Directors' current accounts 377 21,855
Accrued expenses 500 500
6,433 27,911

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 27,082 27,778
Bank loans more 5 yr by instal - 5,093
Amounts owed to group undertakings 131,676 105,176
158,758 138,047

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,093

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The controlling party is J R Mawdsley by virtue of his 100% shareholding in the company.