Company Registration No. 07152355 (England and Wales)
ABBA CARS (HIGH WYCOMBE) LIMITED
Unaudited accounts
for the year ended 28 February 2023
ABBA CARS (HIGH WYCOMBE) LIMITED
Unaudited accounts
Contents
ABBA CARS (HIGH WYCOMBE) LIMITED
Company Information
for the year ended 28 February 2023
Directors
Mr. Ghalib Hussain
Ms. Mumtaz Hussain
Company Number
07152355 (England and Wales)
Registered Office
Unit 6B Desborough Park Ind. Estate
Desborough Park Road
High Wycombe
Bucks
HP12 3BG
England
Accountants
G&S ACCOUNTANTS LIMITED
First Floor, Victoria House
Victoria Street
High Wycombe, Bucks
England, United Kingdom
HP11 2LU
ABBA CARS (HIGH WYCOMBE) LIMITED
Accountants' report
Accountants' report to the board of directors of ABBA CARS (HIGH WYCOMBE) LIMITED on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ABBA CARS (HIGH WYCOMBE) LIMITED for the year ended
28 February 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ABBA CARS (HIGH WYCOMBE) LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ABBA CARS (HIGH WYCOMBE) LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ABBA CARS (HIGH WYCOMBE) LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ABBA CARS (HIGH WYCOMBE) LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ABBA CARS (HIGH WYCOMBE) LIMITED. You consider that ABBA CARS (HIGH WYCOMBE) LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ABBA CARS (HIGH WYCOMBE) LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
G&S ACCOUNTANTS LIMITED
First Floor, Victoria House
Victoria Street
High Wycombe, Bucks
England, United Kingdom
HP11 2LU
27 November 2023
ABBA CARS (HIGH WYCOMBE) LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
89,245
99,099
Cash at bank and in hand
32,912
58,651
Creditors: amounts falling due within one year
(99,967)
(163,539)
Net current assets
184,520
146,687
Total assets less current liabilities
273,765
245,786
Creditors: amounts falling due after more than one year
(111,707)
(111,707)
Net assets
162,058
134,079
Called up share capital
1
1
Profit and loss account
162,057
134,078
Shareholders' funds
162,058
134,079
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
Mr. Ghalib Hussain
Director
Company Registration No. 07152355
ABBA CARS (HIGH WYCOMBE) LIMITED
Notes to the Accounts
for the year ended 28 February 2023
ABBA CARS (HIGH WYCOMBE) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07152355. The registered office is Unit 6B Desborough Park Ind. Estate, Desborough Park Road, High Wycombe, Bucks, HP12 3BG, England.
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.
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
400,846
2,841
403,687
At 28 February 2023
413,304
2,841
416,145
At 1 March 2022
302,100
2,488
304,588
Charge for the year
22,241
71
22,312
At 28 February 2023
324,341
2,559
326,900
At 28 February 2023
88,963
282
89,245
At 28 February 2022
98,746
353
99,099
ABBA CARS (HIGH WYCOMBE) LIMITED
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Other debtors
251,575
251,575
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
98,673
163,539
Taxes and social security
1,294
-
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
19,207
19,207
Loans from directors
92,500
92,500
8
Average number of employees
During the year the average number of employees was 3 (2022: 5).