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REGISTERED NUMBER: 11659971 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

RETRO AUTOMOTIVE LIMITED

RETRO AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11659971)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Certified Accountants' Report 8

RETRO AUTOMOTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: T Longfield
B N Davies





SECRETARY:





REGISTERED OFFICE: Units 27 & 28 Ash Way
Street 6 South
Thorp Arch Estate
LS23 7FD





REGISTERED NUMBER: 11659971 (England and Wales)





ACCOUNTANTS: Buchanan & Associates Limited
Mayden House
Main Road
Long Bennington
Nottinghamshire
NG23 5DJ

RETRO AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11659971)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 78,754 24,831

CURRENT ASSETS
Stocks 94,400 57,500
Debtors 5 318,089 439,460
Cash at bank and in hand 19,849 142,968
432,338 639,928
CREDITORS
Amounts falling due within one year 6 296,081 576,989
NET CURRENT ASSETS 136,257 62,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,011

87,770

CREDITORS
Amounts falling due after more than one
year

7

(82,034

)

(68,734

)

PROVISIONS FOR LIABILITIES (18,178 ) (4,718 )
NET ASSETS 114,799 14,318

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 114,499 14,018
114,799 14,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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.

RETRO AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11659971)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 3 June 2025 and were signed on its behalf by:





B N Davies - Director


RETRO AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11659971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Retro Automotive 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on cost and 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

RETRO AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11659971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 2,800 45,663 48,463
Additions 7,554 67,442 74,996
Disposals - (1,707 ) (1,707 )
At 30 November 2024 10,354 111,398 121,752
DEPRECIATION
At 1 December 2023 2,800 20,832 23,632
Charge for year 1,511 18,635 20,146
Eliminated on disposal - (780 ) (780 )
At 30 November 2024 4,311 38,687 42,998
NET BOOK VALUE
At 30 November 2024 6,043 72,711 78,754
At 30 November 2023 - 24,831 24,831

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 99,801 342,471
Amounts owed by group undertakings 300 300
Other debtors 217,988 96,689
318,089 439,460

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 3,600 3,600
Hire purchase contracts (see note 8) 3,240 -
Trade creditors 85,873 78,180
Taxation and social security 40,351 11,954
Other creditors 163,017 483,255
296,081 576,989

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 1,800 5,400
Hire purchase contracts (see note 8) 14,400 -
Other creditors 65,834 63,334
82,034 68,734

RETRO AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11659971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.24 30.11.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 25,834 23,334

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.11.24 30.11.23
£    £   
Net obligations repayable:
Within one year 3,240 -
Between one and five years 14,400 -
17,640 -

Non-cancellable operating leases
30.11.24 30.11.23
£    £   
Within one year 115,294 27,408
Between one and five years 312,341 15,988
427,635 43,396

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
T Longfield
Balance outstanding at start of year 29,788 11,977
Amounts advanced 64,409 59,487
Amounts repaid (53,850 ) (41,676 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,347 29,788

B N Davies
Balance outstanding at start of year 36,627 18,291
Amounts advanced 47,717 53,741
Amounts repaid (49,570 ) (35,405 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,774 36,627

RETRO AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11659971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

10. ULTIMATE CONTROLLING PARTY

There is no controlling party.

CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RETRO AUTOMOTIVE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Retro Automotive Limited for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Retro Automotive Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Retro Automotive Limited and state those matters that we have agreed to state to the Board of Directors of Retro Automotive Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Retro Automotive Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Retro Automotive Limited. You consider that Retro Automotive Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Retro Automotive Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Buchanan & Associates Limited
Mayden House
Main Road
Long Bennington
Nottinghamshire
NG23 5DJ


3 June 2025