EXTREME AUTOS LTD

Company Registration Number:
13549400 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

EXTREME AUTOS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

EXTREME AUTOS LTD

Profit And Loss Account

for the Period Ended 31 August 2023

2023 13 months to 31 August 2022


£

£
Turnover: 1,563,722 921,873
Cost of sales: ( 702,162 ) ( 310,843 )
Gross profit(or loss): 861,560 611,030
Distribution costs: ( 55,838 ) ( 37,251 )
Administrative expenses: ( 44,237 ) ( 28,736 )
Operating profit(or loss): 761,485 545,043
Interest payable and similar charges: ( 11,892 ) ( 5,934 )
Profit(or loss) before tax: 749,593 539,109
Tax: ( 78,893 ) ( 91,580 )
Profit(or loss) for the financial year: 670,700 447,529

EXTREME AUTOS LTD

Balance sheet

As at 31 August 2023

Notes 2023 13 months to 31 August 2022


£

£
Fixed assets
Intangible assets: 3 38,469 27,436
Tangible assets: 4 673,852 431,844
Investments: 5 854,382 279,844
Total fixed assets: 1,566,703 739,124
Current assets
Stocks: 6 88,342 61,283
Debtors: 7 26,884 18,374
Cash at bank and in hand: 91,928 129,331
Investments: 8 102,473 74,392
Total current assets: 309,627 283,380
Creditors: amounts falling due within one year: 9 ( 43,781 ) ( 12,068 )
Net current assets (liabilities): 265,846 271,312
Total assets less current liabilities: 1,832,549 1,010,436
Creditors: amounts falling due after more than one year: 10 ( 22,573 ) ( 54,389 )
Provision for liabilities: ( 150,000 ) ( 1,000 )
Total net assets (liabilities): 1,659,976 955,047
Capital and reserves
Called up share capital: 10,000 100
Share premium account: 638,428 337,814
Other reserves: 371,865 169,604
Profit and loss account: 639,683 447,529
Total Shareholders' funds: 1,659,976 955,047

The notes form part of these financial statements

EXTREME AUTOS LTD

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 17 October 2023
and signed on behalf of the board by:

Name: George Dan Negoita
Status: Director

The notes form part of these financial statements

EXTREME AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

EXTREME AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 13 months to 31 August 2022
    Average number of employees during the period 16 11

EXTREME AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 September 2022 27,436 0 27,436
Additions 11,033 11,033
Disposals
Revaluations
Transfers
At 31 August 2023 38,469 0 38,469
Amortisation
At 1 September 2022 0 0 0
Charge for year
On disposals
Other adjustments
At 31 August 2023 0 0 0
Net book value
At 31 August 2023 38,469 0 38,469
At 31 August 2022 27,436 0 27,436

EXTREME AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 56,462 4,857 12,681 357,844 431,844
Additions 13,391 8,617 220,000 242,008
Disposals
Revaluations
Transfers
At 31 August 2023 56,462 18,248 21,298 577,844 673,852
Depreciation
At 1 September 2022
Charge for year
On disposals
Other adjustments
At 31 August 2023
Net book value
At 31 August 2023 56,462 18,248 21,298 577,844 673,852
At 31 August 2022 56,462 4,857 12,681 357,844 431,844

EXTREME AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Fixed assets investments note

1566703

EXTREME AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Stocks

2023 13 months to 31 August 2022
£ £
Stocks 88,342 61,283
Total 88,342 61,283

EXTREME AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

7. Debtors

2023 13 months to 31 August 2022
£ £
Trade debtors 26,884 18,374
Total 26,884 18,374

EXTREME AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

8. Current assets investments note

309627

EXTREME AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

9. Creditors: amounts falling due within one year note

2023 13 months to 31 August 2022
£ £
Bank loans and overdrafts 1,073
Amounts due under finance leases and hire purchase contracts 11,984 7,911
Trade creditors 16,826 3,084
Other creditors 14,971
Total 43,781 12,068

EXTREME AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

10. Creditors: amounts falling due after more than one year note

2023 13 months to 31 August 2022
£ £
Amounts due under finance leases and hire purchase contracts 22,573 54,389
Total 22,573 54,389