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Company Registration No. 10648789 (England and Wales)
GC Car Sales (Lancaster) Ltd Unaudited accounts for the year ended 31 March 2023
GC Car Sales (Lancaster) Ltd Unaudited accounts Contents
Page
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GC Car Sales (Lancaster) Ltd Company Information for the year ended 31 March 2023
Director
Mrs L Petrie
Company Number
10648789 (England and Wales)
Registered Office
Brunel House 9 Penrod Way Heysham LA3 2UZ United Kingdom
Accountants
Blend Accountants First Floor Brunel House 9 Penrod Way Heysham Lancashire LA3 2UZ
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GC Car Sales (Lancaster) Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,410 
2,162 
Current assets
Inventories
49,531 
51,813 
Debtors
- 
8,332 
Cash at bank and in hand
9,061 
2,254 
58,592 
62,399 
Creditors: amounts falling due within one year
(206,087)
(130,664)
Net current liabilities
(147,495)
(68,265)
Total assets less current liabilities
(145,085)
(66,103)
Creditors: amounts falling due after more than one year
(21,595)
(32,017)
Provisions for liabilities
Deferred tax
- 
(433)
Net liabilities
(166,680)
(98,553)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(166,780)
(98,653)
Shareholders' funds
(166,680)
(98,553)
For the year ending 31 March 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 her 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 21 June 2023 and were signed on its behalf by
Mrs L Petrie Director Company Registration No. 10648789
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GC Car Sales (Lancaster) Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
GC Car Sales (Lancaster) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10648789. The registered office is Brunel House, 9 Penrod Way, Heysham, LA3 2UZ, United Kingdom.
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:
Plant & machinery
25% Reducing balance
Computer equipment
40% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
4,183 
492 
4,675 
Additions
2,217 
- 
2,217 
Disposals
(1,475)
- 
(1,475)
At 31 March 2023
4,925 
492 
5,417 
Depreciation
At 1 April 2022
2,316 
197 
2,513 
Charge for the year
745 
118 
863 
On disposals
(369)
- 
(369)
At 31 March 2023
2,692 
315 
3,007 
Net book value
At 31 March 2023
2,233 
177 
2,410 
At 31 March 2022
1,867 
295 
2,162 
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GC Car Sales (Lancaster) Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
910 
Amounts falling due after more than one year
Other debtors
- 
7,422 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,071 
9,728 
VAT
684 
- 
Trade creditors
14,011 
7,504 
Taxes and social security
- 
8 
Other creditors
1,500 
- 
Loans from directors
179,404 
113,115 
Accruals
417 
309 
206,087 
130,664 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,595 
32,017 
8
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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