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Registered number: 06338500
Duffy Motors (Manchester) Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
Prepared By:
APM Associates Ltd
Accountants
9 Worsley Road
Swinton
Manchester
Gtr Manchester
M27 5WN
Duffy Motors (Manchester) Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
Mr L Atkinson
REGISTERED OFFICE
16-17 Watson Street
Manchester
Gtr Manchester
M3 4LP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06338500
BANKERS
RBS
ACCOUNTANTS
APM Associates Ltd
Accountants
9 Worsley Road
Swinton
Manchester
Gtr Manchester
M27 5WN
Duffy Motors (Manchester) Ltd
ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Duffy Motors (Manchester) Ltd
BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Tangible assets32,146105
CURRENT ASSETS
Stock635635
Debtors52,1326,244
Cash at bank and in hand20,17727,436
22,94434,315
CREDITORS: Amounts falling due within one year639,58929,023
NET CURRENT (LIABILITIES) / ASSETS(16,645)5,292
TOTAL ASSETS LESS CURRENT LIABILITIES(14,499)5,397
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account(14,500)5,396
SHAREHOLDERS' FUNDS(14,499)5,397
For the year ending 31/12/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/09/2025 and signed on their behalf by
.............................
Mr L Atkinson
Director
Duffy Motors (Manchester) Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
Duffy Motors (Manchester) Ltd
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/01/2024175,466175,466
At 31/12/2024175,466175,466
Depreciation
At 01/01/2024175,466175,466
At 31/12/2024175,466175,466
Net Book Amounts
At 31/12/2024--
3. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
At 01/01/202428,79848329,281
Additions2,578-2,578
At 31/12/202431,37648331,859
Depreciation
At 01/01/202428,69348329,176
For the year537-537
At 31/12/202429,23048329,713
Net Book Amounts
At 31/12/20242,146-2,146
At 31/12/2023105-105
4. STOCK 20242023
££
Stock comprises:
Stock635635
635635
Duffy Motors (Manchester) Ltd
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors1,1135,128
Prepayments1,0191,116
2,1326,244
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax5,1757,286
VAT8,6999,021
PAYE control9061,019
Directors current account58543
Trade creditors14,7624,513
Other creditors7,8404,492
Accruals2,1492,149
39,58929,023
7. EMPLOYEES
20242023
No.No.
Average number of employees11
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11