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Company Registration No. 07313892 (England and Wales)
Ross Champion Motors Ltd Unaudited accounts for the year ended 31 January 2025
Ross Champion Motors Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ross Champion Motors Ltd Company Information for the year ended 31 January 2025
Director
Gwyllim Jones
Company Number
07313892 (England and Wales)
Registered Office
19 NORTHDOWN CLOSE HORSHAM WEST SUSSEX RH12 4PD ENGLAND
Accountants
Accounting 4 Ltd 47 Eshlands Brook Monk Bretton Barnsley S71 5SH
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Ross Champion Motors Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
33,904
33,493
Current assets
Debtors
5
35,845
24,101
Cash at bank and in hand
75,235
90,675
111,080
114,776
Creditors: amounts falling due within one year
6
(33,236)
(51,071)
Net current assets
77,844
63,705
Total assets less current liabilities
111,748
97,198
Creditors: amounts falling due after more than one year
7
(26)
(9,309)
Net assets
111,722
87,889
Capital and reserves
Share premium
2
2
Profit and loss account
111,720
87,887
Shareholders' funds
111,722
87,889
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 May 2025 and were signed on its behalf by
Gwyllim Jones Director Company Registration No. 07313892
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Ross Champion Motors Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Ross Champion Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 07313892. The registered office is 19 NORTHDOWN CLOSE, HORSHAM, WEST SUSSEX, RH12 4PD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33.3% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
18,079
58,555
4,184
80,818
Additions
6,628
5,016
1,112
12,756
At 31 January 2025
24,707
63,571
5,296
93,574
Depreciation
At 1 February 2024
13,955
28,966
4,404
47,325
Charge for the year
2,979
7,131
892
11,002
Surplus on revaluation
-
1,343
-
1,343
At 31 January 2025
16,934
37,440
5,296
59,670
Net book value
At 31 January 2025
7,773
26,131
-
33,904
At 31 January 2024
4,124
29,589
(220)
33,493
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Ross Champion Motors Ltd Notes to the Accounts for the year ended 31 January 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
35,845
24,101
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,691
6,540
Trade creditors
15,675
29,306
Taxes and social security
15,651
20,685
Loans from directors
(1,781)
(5,460)
33,236
51,071
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
26
9,309
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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