2023-09-302024-09-292024-09-29false12191865Affordable Motor Cars 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Affordable Motor Cars Limited

Registered Number
12191865
(England and Wales)

Unaudited Financial Statements for the Year ended
29 September 2024

Affordable Motor Cars Limited
Company Information
for the year from 30 September 2023 to 29 September 2024

Director

S J Kershaw

Registered Address

70 Market Street
Tottington
Bury
BL8 3LJ

Registered Number

12191865 (England and Wales)
Affordable Motor Cars Limited
Balance Sheet as at
29 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets374,67263,824
74,67263,824
Current assets
Debtors4416,751550,045
Cash at bank and on hand96,81083,936
513,561633,981
Creditors amounts falling due within one year5(416,935)(466,964)
Net current assets (liabilities)96,626167,017
Total assets less current liabilities171,298230,841
Creditors amounts falling due after one year6(20,753)(30,747)
Net assets150,545200,094
Capital and reserves
Called up share capital44
Profit and loss account150,541200,090
Shareholders' funds150,545200,094
The financial statements were approved and authorised for issue by the Director on 10 June 2025, and are signed on its behalf by:
S J Kershaw
Director
Registered Company No. 12191865
Affordable Motor Cars Limited
Notes to the Financial Statements
for the year ended 29 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery20
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. Provision is made for slow-moving and obsolete items of stock.
2.Average number of employees

20242023
Average number of employees during the year88
3.Tangible fixed assets

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
At 30 September 2350,55926,60677,165
Additions13,600-13,600
At 29 September 2464,15926,60690,765
Depreciation and impairment
At 30 September 23-13,34113,341
Charge for year-2,7522,752
At 29 September 24-16,09316,093
Net book value
At 29 September 2464,15910,51374,672
At 29 September 2350,55913,26563,824
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables336,938393,892
Amounts owed by group undertakings-55,093
Other debtors76,48096,938
Prepayments and accrued income3,3334,122
Total416,751550,045
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables322,219320,226
Bank borrowings and overdrafts3,62562,769
Amounts owed to related parties4,619-
Taxation and social security86,47283,969
Total416,935466,964
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts20,75330,747
Total20,75330,747
7.Controlling party
The company is under the control of S.J Kershaw by virtue of his directorship and shareholding.