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Company Registration No. 10187324 (England and Wales)
181 Classic Motors Ltd Unaudited accounts for the year ended 31 May 2025
181 Classic Motors Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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181 Classic Motors Ltd Company Information for the year ended 31 May 2025
Director
Malcolm Hazard
Company Number
10187324 (England and Wales)
Registered Office
Units 6-9 Old Great North Road Sutton on Trent Newark NG23 6QS
Accountants
Swift Accountancy and Finance Ltd Aura Business Centre Manners Road Newark NG24 1BS
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181 Classic Motors Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
4,983
4,983
Tangible assets
5
(31)
(31)
4,952
4,952
Current assets
Debtors
6
-
13,111
Cash at bank and in hand
(25,877)
(3,398)
(25,877)
9,713
Creditors: amounts falling due within one year
7
-
(32,318)
Net current liabilities
(25,877)
(22,605)
Total assets less current liabilities
(20,925)
(17,653)
Creditors: amounts falling due after more than one year
8
-
(3,272)
Net liabilities
(20,925)
(20,925)
Capital and reserves
Share premium
(2)
(2)
Profit and loss account
(20,923)
(20,923)
Shareholders' funds
(20,925)
(20,925)
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 25 February 2026 and were signed on its behalf by
Malcolm Hazard Director Company Registration No. 10187324
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181 Classic Motors Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
181 Classic Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 10187324. The registered office is Units 6-9, Old Great North Road, Sutton on Trent, Newark, NG23 6QS.
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.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2024
4,983
At 31 May 2025
4,983
Amortisation
At 1 June 2024
-
At 31 May 2025
-
Net book value
At 31 May 2025
4,983
At 31 May 2024
4,983
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
678
6,710
7,388
At 31 May 2025
678
6,710
7,388
Depreciation
At 1 June 2024
590
6,829
7,419
At 31 May 2025
590
6,829
7,419
Net book value
At 31 May 2025
88
(119)
(31)
At 31 May 2024
88
(119)
(31)
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181 Classic Motors Ltd Notes to the Accounts for the year ended 31 May 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
6,611
Other debtors
-
6,500
-
13,111
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
19,664
VAT
-
406
Trade creditors
-
4,227
Taxes and social security
-
755
Other creditors
-
7,266
-
32,318
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
3,272
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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