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REGISTERED NUMBER: 13725886 (England and Wales)















SMALLMAN HALL CLASSIC CARS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






SMALLMAN HALL CLASSIC CARS LTD (REGISTERED NUMBER: 13725886)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SMALLMAN HALL CLASSIC CARS LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2025







DIRECTORS: Mr W Smallman
Mr R Hall
Mr TJ J Smallman





REGISTERED OFFICE: Unit 5
The Auction Centre
Wenlock Road
Bridgnorth
Shropshire
WV16 4QR





REGISTERED NUMBER: 13725886 (England and Wales)





ACCOUNTANTS: Wallace Crooke
College House
St Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

SMALLMAN HALL CLASSIC CARS LTD (REGISTERED NUMBER: 13725886)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,575 31,454

CURRENT ASSETS
Stocks 6,800 8,500
Debtors 5 23,672 18,555
Cash at bank and in hand 50,406 62,721
80,878 89,776
CREDITORS
Amounts falling due within one year 6 61,199 85,418
NET CURRENT ASSETS 19,679 4,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,254

35,812

CAPITAL AND RESERVES
Called up share capital 7 3 3
Retained earnings 53,251 35,809
SHAREHOLDERS' FUNDS 53,254 35,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





Mr W Smallman - Director


SMALLMAN HALL CLASSIC CARS LTD (REGISTERED NUMBER: 13725886)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2025

1. STATUTORY INFORMATION

Smallman Hall Classic Cars 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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 and 15% 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 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.

SMALLMAN HALL CLASSIC CARS LTD (REGISTERED NUMBER: 13725886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 25,906 14,250 402 40,558
Additions 9,270 - - 9,270
At 31 March 2025 35,176 14,250 402 49,828
DEPRECIATION
At 1 April 2024 5,149 3,844 111 9,104
Charge for year 4,504 2,601 44 7,149
At 31 March 2025 9,653 6,445 155 16,253
NET BOOK VALUE
At 31 March 2025 25,523 7,805 247 33,575
At 31 March 2024 20,757 10,406 291 31,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 13,943 18,235
Other debtors 9,729 320
23,672 18,555

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,362 6,495
Taxation and social security 44,312 44,004
Other creditors 15,525 34,919
61,199 85,418

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
3 Ordinary Shares £1 3 3