CROWN CARS SOLIHULL LTD

Company Registration Number:
07118078 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

CROWN CARS SOLIHULL LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

CROWN CARS SOLIHULL LTD

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 73,501 112,834
Tangible assets: 4 24,795 38,678
Investments: 5 625,000 600,000
Total fixed assets: 723,296 751,512
Current assets
Debtors:   101,003 30,864
Cash at bank and in hand: 77,708 122,516
Total current assets: 178,711 153,380
Creditors: amounts falling due within one year:   (105,807) (100,657)
Net current assets (liabilities): 72,904 52,723
Total assets less current liabilities: 796,200 804,235
Creditors: amounts falling due after more than one year:   (74,335) (80,550)
Total net assets (liabilities): 721,865 723,685
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 721,765 723,585
Shareholders funds: 721,865 723,685

The notes form part of these financial statements

CROWN CARS SOLIHULL LTD

Balance sheet statements

For the year ending 31 May 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 13 November 2023
and signed on behalf of the board by:

Name: AKHTAR ALI
Status: Director

The notes form part of these financial statements

CROWN CARS SOLIHULL LTD

Notes to the Financial Statements

for the Period Ended 31 May 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

CROWN CARS SOLIHULL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 11 11

CROWN CARS SOLIHULL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Intangible Assets

Total
Cost £
At 01 June 2022 590,000
At 31 May 2023 590,000
Amortisation
At 01 June 2022 477,166
Charge for year 39,333
At 31 May 2023 516,499
Net book value
At 31 May 2023 73,501
At 31 May 2022 112,834

CROWN CARS SOLIHULL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible Assets

Total
Cost £
At 01 June 2022 449,237
At 31 May 2023 449,237
Depreciation
At 01 June 2022 410,559
Charge for year 13,883
At 31 May 2023 424,442
Net book value
At 31 May 2023 24,795
At 31 May 2022 38,678

CROWN CARS SOLIHULL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Fixed investments

Additional £25000 invested to generate income