CAR & DRIVING LIMITED

Company Registration Number:
08954413 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

CAR & DRIVING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

CAR & DRIVING LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 554,167 604,167
Tangible assets: 4 33,626 8,057
Total fixed assets: 587,793 612,224
Current assets
Debtors:   112,725 93,163
Cash at bank and in hand: 42,450 102,640
Total current assets: 155,175 195,803
Creditors: amounts falling due within one year: 5 (118,191) (138,360)
Net current assets (liabilities): 36,984 57,443
Total assets less current liabilities: 624,777 669,667
Creditors: amounts falling due after more than one year:     (152,367)
Total net assets (liabilities): 624,777 517,300
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 623,777 516,300
Shareholders funds: 624,777 517,300

The notes form part of these financial statements

CAR & DRIVING LIMITED

Balance sheet statements

For the year ending 31 March 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 08 November 2023
and signed on behalf of the board by:

Name: Jonathan Crouch
Status: Director

The notes form part of these financial statements

CAR & DRIVING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 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

Turnover policy

Turnover is measured at the fair value of the consideration received and receivable for goods supplied and services rendered, less discounts and Value Added Tax

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses

Intangible fixed assets and amortisation policy

Amortisation is calculated so as to write off the cost of an asset less its estimated residual value over the useful life of that asset

CAR & DRIVING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

CAR & DRIVING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 1,000,000
At 31 March 2023 1,000,000
Amortisation
At 01 April 2022 395,833
Charge for year 50,000
At 31 March 2023 445,833
Net book value
At 31 March 2023 554,167
At 31 March 2022 604,167

CAR & DRIVING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 49,593
Additions 40,495
Disposals (2,244)
At 31 March 2023 87,844
Depreciation
At 01 April 2022 41,536
Charge for year 12,682
At 31 March 2023 54,218
Net book value
At 31 March 2023 33,626
At 31 March 2022 8,057

CAR & DRIVING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

VAT £44,544Trade creditors £5,312Taxes and social security £56,763Other creditors £1,027Accruals £10,545