PTP Accounts Production v22.3.3.48 07166227 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure071662272022-02-28071662272023-02-28071662272022-03-012023-02-28071662272021-02-28071662272021-03-012022-02-28071662272022-02-2807166227ns16:EnglandWales2022-03-012023-02-2807166227ns15:PoundSterling2022-03-012023-02-2807166227ns11:Director12022-03-012023-02-2807166227ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2807166227ns11:SmallEntities2022-03-012023-02-2807166227ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2807166227ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2807166227ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2807166227ns11:FullAccounts2022-03-012023-02-2807166227ns11:RegisteredOffice2022-03-012023-02-2807166227ns6:CurrentFinancialInstruments2023-02-2807166227ns6:CurrentFinancialInstruments2022-02-2807166227ns6:ShareCapital2023-02-2807166227ns6:ShareCapital2022-02-2807166227ns6:RetainedEarningsAccumulatedLosses2023-02-2807166227ns6:RetainedEarningsAccumulatedLosses2022-02-2807166227ns6:FurnitureFittings2022-03-012023-02-2807166227ns6:MotorVehicles2022-03-012023-02-2807166227ns6:ComputerEquipment2022-03-012023-02-2807166227ns6:FurnitureFittings2022-02-2807166227ns6:MotorVehicles2022-02-2807166227ns6:ComputerEquipment2022-02-2807166227ns6:FurnitureFittings2023-02-2807166227ns6:MotorVehicles2023-02-2807166227ns6:ComputerEquipment2023-02-2807166227ns6:FurnitureFittings2022-02-2807166227ns6:MotorVehicles2022-02-2807166227ns6:ComputerEquipment2022-02-2807166227ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2807166227ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2807166227ns6:RetainedEarningsAccumulatedLosses2022-02-2807166227ns6:RetainedEarningsAccumulatedLosses2022-03-012023-02-28
REGISTERED NUMBER: 07166227 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

CAR CITY BRISTOL LIMITED

CAR CITY BRISTOL LIMITED (REGISTERED NUMBER: 07166227)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAR CITY BRISTOL LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J B Smith





REGISTERED OFFICE: 5 Anglo Office Park
Bristol
BS15 1NT





REGISTERED NUMBER: 07166227 (England and Wales)





ACCOUNTANTS: West Country Accounting Services Limited
Chartered Accountants
BS15 1NT

CAR CITY BRISTOL LIMITED (REGISTERED NUMBER: 07166227)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,421 4,039

CURRENT ASSETS
Inventories 130,415 100,811
Debtors 5 (25,843 ) 8,760
Cash at bank 19,012 31,130
123,584 140,701
CREDITORS
Amounts falling due within one year 6 112,091 140,272
NET CURRENT ASSETS 11,493 429
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,914

4,468


CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 14,913 4,467
SHAREHOLDERS' FUNDS 14,914 4,468
14,914 4,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2023 and were signed by:





J B Smith - Director


CAR CITY BRISTOL LIMITED (REGISTERED NUMBER: 07166227)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Car City Bristol Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CAR CITY BRISTOL LIMITED (REGISTERED NUMBER: 07166227)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 5,640 1,470 4,733 11,843
DEPRECIATION
At 1 March 2022 3,250 1,445 3,109 7,804
Charge for year 433 16 169 618
At 28 February 2023 3,683 1,461 3,278 8,422
NET BOOK VALUE
At 28 February 2023 1,957 9 1,455 3,421
At 28 February 2022 2,390 25 1,624 4,039

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,795
Other debtors (25,843 ) 6,965
(25,843 ) 8,760

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,278 45,833
Trade creditors (2 ) 78,003
Taxation and social security 9,089 14,936
Other creditors 62,726 1,500
112,091 140,272

7. RESERVES
Retained
earnings
£   

At 1 March 2022 4,467
Profit for the year 32,946
Dividends (22,500 )
At 28 February 2023 14,913