Company Registration No. 11960334 (England and Wales)
Nicholls Car Sales Limited
Unaudited accounts
for the year ended 31 May 2023
Nicholls Car Sales Limited
Unaudited accounts
Contents
Nicholls Car Sales Limited
Company Information
for the year ended 31 May 2023
Company Number
11960334 (England and Wales)
Registered Office
Unit 1
Pinfold Lane
Bridlington
YO16 6XS
Accountants
Bernard Lister & Co Accountants Ltd
64 Hall Gate
Doncaster
DN1 3PB
Nicholls Car Sales Limited
Statement of financial position
as at 31 May 2023
Tangible assets
88,424
88,424
Inventories
119,550
157,600
Cash at bank and in hand
209,558
141,535
Creditors: amounts falling due within one year
(191,726)
(212,987)
Net current assets
137,382
86,148
Net assets
225,806
174,572
Profit and loss account
225,706
174,472
Shareholders' funds
225,806
174,572
For the year ending 31 May 2023 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 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 4 October 2023 and were signed on its behalf by
Lewis Nicholls
Director
Company Registration No. 11960334
Nicholls Car Sales Limited
Notes to the Accounts
for the year ended 31 May 2023
Nicholls Car Sales Limited is a private company, limited by shares, registered in England and Wales, registration number 11960334. The registered office is Unit 1 , Pinfold Lane, Bridlington, YO16 6XS.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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Tangible fixed assets
Land & buildings
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
35,244
35,926
Taxes and social security
11,395
16,641
Other creditors
34,019
43,685
Loans from directors
111,068
116,735
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Average number of employees
During the year the average number of employees was 0 (2022: 0).