Company registration number 03799446 (England and Wales)
Coneymoor Motors Ltd
Annual Report and
Unaudited Financial Statements
for the year ended 31 July 2024
PAGES FOR FILING WITH REGISTRAR
Coneymoor Motors Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Coneymoor Motors Ltd
Statement Of Financial Position
as at 31 July 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
18,096
19,413
Current assets
Stocks
5,000
4,580
Debtors
236,945
165,922
Cash at bank and in hand
31,646
40,922
273,591
211,424
Creditors: amounts falling due within one year
(37,560)
(31,640)
Net current assets
236,031
179,784
Total assets less current liabilities
254,127
199,197
Provisions for liabilities
(3,737)
(3,007)
Net assets
250,390
196,190
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
250,389
196,189
Total equity
250,390
196,190
Coneymoor Motors Ltd
Statement Of Financial Position (continued)
as at 31 July 2024
31 July 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 23 April 2025
J B Taylor
Director
Company Registration No. 03799446
Coneymoor Motors Ltd
Notes to the financial statements
for the year ended 31 July 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. Turnover is recognised on the supply of goods to the customer.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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 represent accumulated differences between the company's taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.
Coneymoor Motors Ltd
Notes to the financial statements (continued)
for the year ended 31 July 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
2
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 August 2023
205,097
51,531
33,000
289,628
Additions
3,973
3,973
At 31 July 2024
209,070
51,531
33,000
293,601
Depreciation and impairment
At 1 August 2023
194,104
48,029
28,082
270,215
Depreciation charged in the year
3,536
525
1,229
5,290
At 31 July 2024
197,640
48,554
29,311
275,505
Carrying amount
At 31 July 2024
11,430
2,977
3,689
18,096
At 31 July 2023
10,993
3,502
4,918
19,413
4
Company information
Coneymoor Motors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 156 Lower Mickletown, Methley, Leeds, West Yorkshire, LS26 9AR.