REGISTERED NUMBER: 03021083 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHIPPENDALE MOTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Stirbu

SECRETARY:

REGISTERED OFFICE:

51 Commercial Street

Morley

Leeds

LS27 8AG

REGISTERED NUMBER:

03021083 (England and Wales)

ACCOUNTANTS:

Southbrook Accountants Limited

14 Southbrook Terrace

Bradford

West Yorkshire

BD7 1AD

FIXED ASSETS

Tangible assets

4

15,566

18,335

CURRENT ASSETS

Stocks

35,507

5,100

Debtors

5

42,195

41,200

Cash at bank and in hand

8,027

39,043

85,729

85,343

CREDITORS

Amounts falling due within one year

6

44,918

60,166

NET CURRENT ASSETS

40,811

25,177

TOTAL ASSETS LESS CURRENT LIABILITIES

56,377

43,512

CREDITORS

Amounts falling due after more than one year

7

28,857

21,452

NET ASSETS

27,520

22,060

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

27,420

21,960

SHAREHOLDERS' FUNDS

27,520

22,060

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 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 5 December 2025 and were signed by:

I Stirbu - Director

1.	STATUTORY INFORMATION

Chippendale 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.

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.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

61,664

1,250

62,914

DEPRECIATION

At 1 April 2024

43,699

880

44,579

Charge for year

2,695

74

2,769

At 31 March 2025

46,394

954

47,348

NET BOOK VALUE

At 31 March 2025

15,270

296

15,566

At 31 March 2024

17,965

370

18,335

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

15,770

15,770

Other debtors

3,925

25,430

19,695

41,200

Amounts falling due after more than one year:

Other debtors

22,500

-

Aggregate amounts

42,195

41,200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

7,405

Trade creditors

18,841

37,936

Taxation and social security

23,114

12,512

Other creditors

2,963

2,313

44,918

60,166

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

28,857

21,452

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I Stirbu.