London Classic Autos Ltd

London Classic Autos Ltd

LONDON CLASSIC AUTOS LTD - Company Information

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1 May 2019 false No description of principal activity Taxfiler 2020.15 08277726business:PrivateLimitedCompanyLtd2019-05-012020-04-30 082777262019-04-30 082777262019-05-012020-04-30 08277726business:AuditExemptWithAccountantsReport2019-05-012020-04-30 08277726business:FullAccounts2019-05-012020-04-30 082777262020-04-30 08277726business:Director12019-05-012020-04-30 08277726business:Director22019-05-012020-04-30 08277726business:Director32019-05-012020-04-30 08277726business:CompanySecretary12019-05-012020-04-30 08277726business:RegisteredOffice2019-05-012020-04-30 082777262019-04-30 08277726core:WithinOneYear2020-04-30 08277726core:WithinOneYear2019-04-30 08277726core:AfterOneYear2020-04-30 08277726core:AfterOneYear2019-04-30 08277726core:ShareCapital2020-04-30 08277726core:ShareCapital2019-04-30 08277726core:RetainedEarningsAccumulatedLosses2020-04-30 08277726core:RetainedEarningsAccumulatedLosses2019-04-30 08277726business:SmallEntities2019-05-012020-04-30 08277726countries:EnglandWales2019-05-012020-04-30 08277726core:ComputerEquipment2019-05-012020-04-30 08277726core:Goodwill2019-04-30 08277726core:Goodwill2020-04-30 08277726core:Goodwill2019-05-012020-04-30 08277726core:ComputerEquipment2019-04-30 08277726core:ComputerEquipment2020-04-30 08277726business:OrdinaryShareClass12019-05-012020-04-30 08277726business:OrdinaryShareClass12018-05-012019-04-30 082777262018-05-012019-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08277726 (England and Wales)
London Classic Autos Ltd Unaudited accounts for the year ended 30 April 2020
London Classic Autos Ltd Unaudited accounts Contents
Page
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London Classic Autos Ltd Company Information for the year ended 30 April 2020
Directors
Mr I K Brrokes Mr N H Case Mrs D M case
Secretary
Mr I K brookes
Company Number
08277726 (England and Wales)
Registered Office
27 Shawfield Park Bromley BR1 2NQ
Accountants
Merit Accounting Limited Unit 18 Pebble Close Tamworth Staffs B77 4RD
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London Classic Autos Ltd Statement of financial position as at 30 April 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
12,000 
15,600 
Tangible assets
5
621 
1,242 
12,621 
16,842 
Current assets
Debtors
6
81,008 
79,136 
Cash at bank and in hand
2,211 
5,760 
83,219 
84,896 
Creditors: amounts falling due within one year
7
(18,728)
(7,634)
Net current assets
64,491 
77,262 
Total assets less current liabilities
77,112 
94,104 
Creditors: amounts falling due after more than one year
8
(169,884)
(175,560)
Net liabilities
(92,772)
(81,456)
Capital and reserves
Called up share capital
9
150 
150 
Profit and loss account
(92,922)
(81,606)
Shareholders' funds
(92,772)
(81,456)
For the year ending 30 April 2020 the company was entitled to exemption from audit 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 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 of Directors and authorised for issue on 26 January 2021 and were signed on its behalf by
Mr I K Brrokes Director Company Registration No. 08277726
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London Classic Autos Ltd Notes to the Accounts for the year ended 30 April 2020
1
Statutory information
London Classic Autos Ltd is a private company, limited by shares, registered in England and Wales, registration number 08277726. The registered office is 27 Shawfield Park, Bromley, BR1 2NQ.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2019
35,948 
At 30 April 2020
35,948 
Amortisation
At 1 May 2019
20,348 
Charge for the year
3,600 
At 30 April 2020
23,948 
Net book value
At 30 April 2020
12,000 
At 30 April 2019
15,600 
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London Classic Autos Ltd Notes to the Accounts for the year ended 30 April 2020
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2019
5,076 
At 30 April 2020
5,076 
Depreciation
At 1 May 2019
3,834 
Charge for the year
621 
At 30 April 2020
4,455 
Net book value
At 30 April 2020
621 
At 30 April 2019
1,242 
6
Debtors
2020 
2019 
£ 
£ 
Trade debtors
12,125 
10,386 
Accrued income and prepayments
7,456 
60,140 
Other debtors
61,427 
8,610 
81,008 
79,136 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
VAT
3,509 
1,920 
Trade creditors
5,023 
1,582 
Taxes and social security
231 
- 
Other creditors
4,265 
3,382 
Accruals
5,700 
750 
18,728 
7,634 
8
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Other creditors
169,884 
175,560 
9
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150 
150 
10
Average number of employees
During the year the average number of employees was 4 (2019: 4).
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