REGISTERED NUMBER: 01032825 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Kirkston Motors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Mr G W Firth

Registered office:

2-4 Easy Road

Leeds

LS9 0AZ

Registered number:

01032825 (England and Wales)

Accountants:

Ashby Berry Coulsons Ltd

2 Belgrave Crescent

Scarborough

North Yorkshire

YO11 1UB

Fixed assets

Tangible assets

4

-

284

Investment property

5

120,000

120,000

120,000

120,284

Current assets

Debtors

6

800

800

Cash at bank

91,981

92,507

92,781

93,307

Creditors

Amounts falling due within one year

7

32,426

34,105

Net current assets

60,355

59,202

Total assets less current liabilities

180,355

179,486

Provisions for liabilities

12,000

12,000

Net assets

168,355

167,486

Capital and reserves

Called up share capital

8

100

100

Revaluation reserve

9

27,358

27,358

Other reserves

9

62,926

62,926

Retained earnings

9

77,971

77,102

Shareholders' funds

168,355

167,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 August 2025 and were signed by:

Mr G W Firth - Director

1.	Statutory information

Kirkston Motors 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost and 10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 January 2024

and 31 December 2024

7,603

5,246

12,849

Depreciation

At 1 January 2024

7,603

4,962

12,565

Charge for year

-

284

284

At 31 December 2024

7,603

5,246

12,849

Net book value

At 31 December 2024

-

-

-

At 31 December 2023

-

284

284

5.	Investment property

Total

£

Fair value

At 1 January 2024

and 31 December 2024

120,000

Net book value

At 31 December 2024

120,000

At 31 December 2023

120,000

The investment properties were valued on a fair value basis on 31 December 2024 by the director.

Fair value at 31 December 2024 is represented by:

£

Valuation in 1988

27,358

Valuation in 2018

42,926

Valuation in 2022

20,000

Cost

29,716

120,000

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

800

800

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Tax

388

1,676

Directors' current accounts

30,778

31,228

Accrued expenses

1,260

1,201

32,426

34,105

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.

Reserves

Retained

Revaluation

Other

earnings

reserve

reserves

Totals

£

£

£

£

At 1 January 2024

77,102

27,358

62,926

167,386

Profit for the year

1,369

-

-

1,369

Dividends

(500

)

-

-

(500

)

At 31 December 2024

77,971

27,358

62,926

168,255