REGISTERED NUMBER: 07820491 (England and Wales)

ATHERTON CAR COMPANY LTD

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B J Devlin

Mr M P Rennie

REGISTERED OFFICE:

Unit O

Dodd Lane Business Park

Chorley Road

Westhoughton

BL5 3NA

REGISTERED NUMBER:

07820491 (England and Wales)

ACCOUNTANTS:

SCCA Limited T/a Stafford & Co

Chartered Accountants

3 The Studios

320 Chorley Old Road

Bolton

Lancashire

BL1 4JU

FIXED ASSETS

Tangible assets

4

320,501

279,332

CURRENT ASSETS

Stocks

5

433,737

505,594

Debtors

6

62,355

72,000

Cash at bank and in hand

183,583

242,804

679,675

820,398

CREDITORS

Amounts falling due within one year

7

209,627

411,864

NET CURRENT ASSETS

470,048

408,534

TOTAL ASSETS LESS CURRENT LIABILITIES

790,549

687,866

CREDITORS

Amounts falling due after more than one year

8

51,932

97,115

NET ASSETS

738,617

590,751

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

738,517

590,651

738,617

590,751

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 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 29 September 2025 and were signed on its behalf by:

Mr B J Devlin - Director

1.	STATUTORY INFORMATION

Atherton Car Company 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% straight line and 25% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

176,732

122,316

299,048

Additions

-

117,406

117,406

Disposals

-

(67,567

)

(67,567

)

At 31 December 2024

176,732

172,155

348,887

DEPRECIATION

At 1 January 2024

-

19,716

19,716

Charge for year

-

23,350

23,350

Eliminated on disposal

-

(14,680

)

(14,680

)

At 31 December 2024

-

28,386

28,386

NET BOOK VALUE

At 31 December 2024

176,732

143,769

320,501

At 31 December 2023

176,732

102,600

279,332

The net book value of tangible fixed assets includes £ 10,372 (2023 - £ 48,150 ) in respect of assets held under hire purchase contracts.

5.

STOCKS

2024

2023

£

£

Stocks

433,737

505,594

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

62,355

72,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,137

11,738

Hire purchase contracts

4,594

10,414

Trade creditors

-

32,224

Tax

22,534

77,857

VAT

-

7,237

Directors' current accounts

171,187

271,219

Accruals and deferred income

1,175

1,175

209,627

411,864

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

9,417

9,417

Bank loans - 2-5 years

40,984

50,250

Hire purchase contracts

1,531

37,448

51,932

97,115

9.	SECURED DEBTS

Lloyds Bank PLC have a fixed and floating charge, details of which can be found at Companies House - charge code 0782 0491 0002 and 0782 0491 0001

10.	RELATED PARTY DISCLOSURES

Included within other debtors is an amount totalling £25,880 (£72,000 - 2023) which is due from Foundry Properties, a partnership in which the directors have an associated interest by virtue of control.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors by virtue of their 100% shareholding in the company.