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COMPANY REGISTRATION NUMBER: 07137227
KCA CARS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 January 2022
KCA CARS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2022
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 4
KCA CARS LIMITED
STATEMENT OF FINANCIAL POSITION
31 January 2022
2022
2021
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
1,382,446
1,250,000
CURRENT ASSETS
Debtors
5
3,718
Cash at bank and in hand
40,348
185,583
--------
---------
44,066
185,583
CREDITORS: amounts falling due within one year
6
( 56,519)
( 60,464)
--------
---------
NET CURRENT (LIABILITIES)/ASSETS
( 12,453)
125,119
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,369,993
1,375,119
CREDITORS: amounts falling due after more than one year
7
( 203,376)
( 285,844)
PROVISIONS
Taxation including deferred tax
( 75,555)
( 75,555)
------------
------------
NET ASSETS
1,091,062
1,013,720
------------
------------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
1,090,962
1,013,620
------------
------------
SHAREHOLDERS FUNDS
1,091,062
1,013,720
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KCA CARS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2022
These financial statements were approved by the board of directors and authorised for issue on 11 August 2022 , and are signed on behalf of the board by:
K Andrews
Director
Company registration number: 07137227
KCA CARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 237 Acklam Road, Middlesbrough, TS5 7AB.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of rents received, exclusive of Value Added Tax.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Investment property
Investment property is recorded at open market value at the reporting date.
4. TANGIBLE ASSETS
Investment property
£
Cost
At 1 February 2021
1,250,000
Additions
132,446
------------
At 31 January 2022
1,382,446
------------
Depreciation
At 1 February 2021 and 31 January 2022
------------
Carrying amount
At 31 January 2022
1,382,446
------------
At 31 January 2021
1,250,000
------------
.
5. DEBTORS
2022
2021
£
£
Other debtors
3,718
-------
----
6. CREDITORS: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
33,000
33,730
Corporation tax
18,143
21,507
Social security and other taxes
3,467
3,418
Other creditors
1,909
1,809
--------
--------
56,519
60,464
--------
--------
7. CREDITORS: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
203,376
285,844
---------
---------