Company registration number 03580683 (England and Wales)
Halifax Motor Co. Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 December 2024
PAGES FOR FILING WITH REGISTRAR
Halifax Motor Co. Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Halifax Motor Co. Limited
Statement Of Financial Position
as at 31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
43,062
41,881
Cash at bank and in hand
1,560
67
44,622
41,948
Creditors: amounts falling due within one year
4
(35,107)
(27,623)
Net current assets
9,515
14,325
Creditors: amounts falling due after more than one year
5
(8,691)
(14,283)
Net assets
824
42
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
822
40
Total equity
824
42
For the financial year ended 31 December 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 4 March 2025 and are signed on its behalf by:
C L Smith
Director
Company registration number 03580683 (England and Wales)
Halifax Motor Co. Limited
Notes to the financial statements
for the year ended 31 December 2024
- 2 -
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
Turnover represents the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on provision of services.
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
7,000
Other debtors
43,062
34,881
43,062
41,881
Halifax Motor Co. Limited
Notes to the financial statements (continued)
for the year ended 31 December 2024
- 3 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,337
5,082
Corporation tax
6,182
9,716
Other taxation and social security
2,247
1,698
Other creditors
20,141
9,927
Accruals and deferred income
1,200
1,200
35,107
27,623
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
8,691
14,283
6
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £1 each
2
2
7
Company information
Halifax Motor Co. Limited is a private company limited by shares incorporated in England and Wales. The registered office is Jonathan House, Flathead Green, Sowerby Bridge, HX6 4NX.