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Registered Number: 14948336
England and Wales

 

 

 


Unaudited Financial Statements

for the period ended 30 June 2024

for

TROJAN MOTOR COMPANY LTD

Directors Mrs O Carne
Mr J Carne
Registered Number 14948336
Registered Office 5 Sandy Court
Ashleigh Way
Plymouth
Devon
PL75JX
Accountants H M Williams Chartered Certified Accountants
5 Sandy Court
Ashleigh Way
Plymouth
PL7 5JX
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 30 June 2024.
Principal activities
The principal activity of the company in the year under review was that of second hand car sales.
Directors
The directors who have held office during the whole of the period were as follows:
Mrs O Carne
Mr J Carne
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Mrs O Carne
Director

Date approved: 12 March 2025
2
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 755 
755 
Current assets    
Stocks 4 127,548 
Debtors 5 3,745 
Cash at bank and in hand 27,622 
158,915 
Creditors: amount falling due within one year 6 (21,636)
Net current assets 137,279 
 
Total assets less current liabilities 138,034 
Creditors: amount falling due after more than one year 7 (125,000)
Provisions for liabilities 8 (143)
Net assets 12,891 
 

Capital and reserves
   
Called up share capital 1 
Profit and loss account 12,890 
Shareholders' funds 12,891 
 


For the period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 12 March 2025 and were signed on its behalf by:


-------------------------------
Mrs O Carne
Director
3
General Information
Trojan Motor Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 14948336, registration address 5 Sandy Court, Ashleigh Way, Plymouth, Devon, PL75JX.

The presentation currency is £ sterling.
1.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 taxation
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment 3 Years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
2.

Average number of employees

Average number of employees during the period was 2.
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 20 June 2023  
Additions 1,132    1,132 
Disposals  
At 30 June 2024 1,132    1,132 
Depreciation
At 20 June 2023  
Charge for period 377    377 
On disposals  
At 30 June 2024 377    377 
Net book values
Closing balance as at 30 June 2024 755    755 
Opening balance as at 20 June 2023  


4.

Stocks

2024
£
Stocks 127,548 
127,548 

5.

Debtors: amounts falling due within one year

2024
£
Trade Debtors 3,745 
3,745 

6.

Creditors: amount falling due within one year

2024
£
Trade Creditors 4,182 
Taxation and Social Security 9,563 
Other Creditors 7,891 
21,636 

7.

Creditors: amount falling due after more than one year

2024
£
Bank Loans & Overdrafts 125,000 
125,000 

8.

Provisions for liabilities

2024
£
Deferred Tax 143 
143 

9.

Ultimate controlling party

The company is under the control of the directors.
4