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REGISTERED NUMBER: 06583936 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Airedale Motor Company Limited

Airedale Motor Company Limited (Registered number: 06583936)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Airedale Motor Company Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A G Hudson
Mrs N S Hudson





REGISTERED OFFICE: Tower Chapel
9 Golden Butts Road
Ilkley
West Yorkshire
LS29 8HS





REGISTERED NUMBER: 06583936 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Airedale Motor Company Limited (Registered number: 06583936)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 452,858 463,530

CURRENT ASSETS
Stocks 319,804 412,079
Debtors 6 28,372 21,730
Cash at bank and in hand 216,811 90,928
564,987 524,737
CREDITORS
Amounts falling due within one year 7 (235,119 ) (227,874 )
NET CURRENT ASSETS 329,868 296,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

782,726

760,393

CREDITORS
Amounts falling due after more than one
year

8

(231,307

)

(205,492

)

PROVISIONS FOR LIABILITIES (1,572 ) (1,962 )
NET ASSETS 549,847 552,939

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 549,845 552,937
SHAREHOLDERS' FUNDS 549,847 552,939

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.

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.

Airedale Motor Company Limited (Registered number: 06583936)

Statement of Financial Position - continued
30 September 2024



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:





A G Hudson - Director


Airedale Motor Company Limited (Registered number: 06583936)

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

1. STATUTORY INFORMATION

Airedale Motor Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Computer equipment - 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.

Airedale Motor Company Limited (Registered number: 06583936)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Airedale Motor Company Limited (Registered number: 06583936)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 455,684 5,817 12,947 474,448
DEPRECIATION
At 1 October 2023 - 1,782 9,136 10,918
Charge for year 9,114 605 953 10,672
At 30 September 2024 9,114 2,387 10,089 21,590
NET BOOK VALUE
At 30 September 2024 446,570 3,430 2,858 452,858
At 30 September 2023 455,684 4,035 3,811 463,530

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 26,260 -
Other debtors 2,112 21,730
28,372 21,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 23,593 72,748
Trade creditors 17,335 19,827
Taxation and social security 26,895 10,424
Other creditors 167,296 124,875
235,119 227,874

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 231,307 205,492

Amounts falling due in more than five years:

Repayable by instalments
Mortgage - due in over 5 years
by instalments 171,275 184,536
171,275 184,536

Airedale Motor Company Limited (Registered number: 06583936)

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

9. LEASING AGREEMENTS
The total amount of financial commitments, in respect of operating leases, not included in the balance sheet is £21,000 (2023 - £42,000).

10. SECURED DEBTS

The following secured debts are included within creditors:


30.9.24 30.9..24
£ £
Mortgage 237,575 250,836


Included in creditors due in one year is a mortgage of £13,260 (2023- £62,709) which is secured on the freehold property.

Included in creditors due in over one year is a mortgage of £224,315 (2023 - £188,127) which is secured on the freehold property.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary £1 2 2

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.9.24 30.9.23
£    £   
A G Hudson and Mrs N S Hudson
Balance outstanding at start of year (120,505 ) (126,006 )
Amounts advanced 8,545 105,501
Amounts repaid (51,400 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (163,360 ) (120,505 )