MERSEA CARS LIMITED

Company Registration Number:
08871774 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

MERSEA CARS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

MERSEA CARS LIMITED

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 4,655 4,468
Total fixed assets: 4,655 4,468
Current assets
Stocks: 1,121,903 1,212,858
Cash at bank and in hand: 40,843 168,729
Total current assets: 1,162,746 1,381,587
Creditors: amounts falling due within one year: 4 (56,373) (47,395)
Net current assets (liabilities): 1,106,373 1,334,192
Total assets less current liabilities: 1,111,028 1,338,660
Creditors: amounts falling due after more than one year: 5 (1,084,314) (1,161,220)
Total net assets (liabilities): 26,714 177,440
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 26,614 177,340
Shareholders funds: 26,714 177,440

The notes form part of these financial statements

MERSEA CARS LIMITED

Balance sheet statements

For the year ending 31 January 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 October 2023
and signed on behalf of the board by:

Name: P Clayton
Status: Director

The notes form part of these financial statements

MERSEA CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MERSEA CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 4 1

MERSEA CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 6,181
Additions 1,008
At 31 January 2023 7,189
Depreciation
At 01 February 2022 1,713
Charge for year 821
At 31 January 2023 2,534
Net book value
At 31 January 2023 4,655
At 31 January 2022 4,468

MERSEA CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Creditors: amounts falling due within one year note

Bank loans and overdrafts (secured) £10000Social security and other taxes £(871)Accruals £20500

MERSEA CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

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

Other loans £1061039Bank loans and overdraft £23275