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REGISTERED NUMBER: 07817480 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

The Standard Motor Company Limited

The Standard Motor Company Limited (Registered number: 07817480)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Standard Motor Company Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs L Homer
Mr P J Lockley
Mr P G Homer
Mr R P Dealtry





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 07817480 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

The Standard Motor Company Limited (Registered number: 07817480)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 31
Tangible assets 5 14,005 14,005
14,005 14,036

CURRENT ASSETS
Stocks 6 46,995 51,955
Debtors 7 1,414 481
Cash at bank 67,754 67,265
116,163 119,701
CREDITORS
Amounts falling due within one year 8 4,420 2,470
NET CURRENT ASSETS 111,743 117,231
TOTAL ASSETS LESS CURRENT LIABILITIES 125,748 131,267

PROVISIONS FOR LIABILITIES - 2,661
NET ASSETS 125,748 128,606

RESERVES
Income and expenditure account 9 125,748 128,606
125,748 128,606

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:



Mrs L Homer - Director


The Standard Motor Company Limited (Registered number: 07817480)

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

1. STATUTORY INFORMATION

The Standard Motor Company Limited is a private company, limited by guarantee , 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Literature archive -
Photo archive -

Photo and Literature archives are not depreciated on the grounds that the assets have indeterminate lives and as such, no depreciation will be charged.

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.

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 - NIL).

The Standard Motor Company Limited (Registered number: 07817480)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 1,860
AMORTISATION
At 1 January 2024 1,829
Charge for year 31
At 31 December 2024 1,860
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 31

5. TANGIBLE FIXED ASSETS
Literature Photo
archive archive Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 10,750 3,255 14,005
NET BOOK VALUE
At 31 December 2024 10,750 3,255 14,005
At 31 December 2023 10,750 3,255 14,005

6. STOCKS
31.12.24 31.12.23
£    £   
Stocks 46,995 51,955

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 239
VAT 305 89
Prepayments 1,109 153
1,414 481

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 3,020 655
Accrued expenses 1,400 1,815
4,420 2,470

The Standard Motor Company Limited (Registered number: 07817480)

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

9. RESERVES
Income
and
expenditure
account
£   

At 1 January 2024 128,606
Deficit for the year (2,858 )
At 31 December 2024 125,748

10. LIMITED BY GUARANTEE

The company is limited by guarantee. Each member will contribute £1 in the event of an insolvent dissolution.