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REGISTERED NUMBER: 12890877 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Ivanhurst Motor Company Ltd

Ivanhurst Motor Company Ltd (Registered number: 12890877)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Ivanhurst Motor Company Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: T G Gildersleve
C N Weeks





REGISTERED OFFICE: Ivanhurst Industrial Estate
Woodham Road
Battlesbridge
Essex
SS11 7QY





REGISTERED NUMBER: 12890877 (England and Wales)





ACCOUNTANTS: Sterlings Accountancy Solutions Limited
131-133 Roman Road
Mountnessing
Brentwood
Essex
CM15 0UD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ivanhurst Motor Company Ltd

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 Ivanhurst Motor Company Ltd for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ivanhurst Motor Company Ltd, 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 Ivanhurst Motor Company Ltd and state those matters that we have agreed to state to the Board of Directors of Ivanhurst Motor Company Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ivanhurst Motor Company Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ivanhurst Motor Company Ltd 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 Ivanhurst Motor Company Ltd. You consider that Ivanhurst Motor Company Ltd 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 Ivanhurst Motor Company Ltd. 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.






Sterlings Accountancy Solutions Limited
131-133 Roman Road
Mountnessing
Brentwood
Essex
CM15 0UD


26 June 2025

Ivanhurst Motor Company Ltd (Registered number: 12890877)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,877 35,487

CURRENT ASSETS
Stocks 853,246 949,854
Debtors 5 137,572 90,750
Cash at bank and in hand 50,395 19,348
1,041,213 1,059,952
CREDITORS
Amounts falling due within one year 6 1,131,170 1,160,949
NET CURRENT LIABILITIES (89,957 ) (100,997 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(55,080

)

(65,510

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (55,081 ) (65,511 )
SHAREHOLDERS' FUNDS (55,080 ) (65,510 )

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

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

Ivanhurst Motor Company Ltd (Registered number: 12890877)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





T G Gildersleve - Director


Ivanhurst Motor Company Ltd (Registered number: 12890877)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Ivanhurst Motor Company Ltd 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.

Going Concern Basis
The directors' have provided assurances to the company that such additional funding as may be required to meet normal working capital requirements within the next twelve months from the date of approval of these financial statements will be made available and that the directors' will not be repaid in such a way as to detract from the company's ability to meet its other creditors and liabilities. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. Should this basis prove to be inappropriate the accounts would require adjustments to be made to reduce the value of assets to their recoverable amount, to provide for further liabilities which might arise and to reclassify fixed assets as current assets.

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.
Plant and machinery etc - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.


Ivanhurst Motor Company Ltd (Registered number: 12890877)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 52,128
Additions 11,017
At 30 September 2024 63,145
DEPRECIATION
At 1 October 2023 16,641
Charge for year 11,627
At 30 September 2024 28,268
NET BOOK VALUE
At 30 September 2024 34,877
At 30 September 2023 35,487

Ivanhurst Motor Company Ltd (Registered number: 12890877)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 24,881 50,283
Other debtors 112,691 40,467
137,572 90,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 86,686 49,890
Taxation and social security 18,915 13,167
Other creditors 1,025,569 1,097,892
1,131,170 1,160,949

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
T G Gildersleve
Balance outstanding at start of year 2,013 -
Amounts advanced 60,241 2,013
Amounts repaid (17,699 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,555 2,013

8. RELATED PARTY DISCLOSURES

Ivanhurst Ltd
Common directorship
The related party has provided the company with a loan of £650,000, included within other creditors, payable on demand. Interest is charged at 4% per annum.

Relation to the director
The related party has provided the company with a loan of £15,000 (2023: £27,000), included within other creditors. The loan is interest free and repayable on demand.

Director
The company directors have provided loans to the company of £143,750 (2023: £156,778), included within other creditors. The loans are interest free and repayable on demand.

Carlection Ltd
Common control
The company has provided the related party a loan of £19,556 (2023: £14,678), included within other debtors. This is an interest free loan and repayable on demand.