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REGISTERED NUMBER: 07032346 (England and Wales)











Unaudited Financial Statements

for the Year Ended 28th February 2023

for

Car & Commercial (Chorley) Limited

Car & Commercial (Chorley) Limited (Registered number: 07032346)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Car & Commercial (Chorley) Limited

Company Information
for the Year Ended 28th February 2023







DIRECTOR: Mr T J Trelfa





SECRETARY: Mrs B B Trelfa





REGISTERED OFFICE: St Helens Cottage
232 Chorley Old Road
Whittle le Woods
Chorley
Lancashire
PR6 7QZ





REGISTERED NUMBER: 07032346 (England and Wales)





ACCOUNTANTS: Stephen Andrews & Co Limited
186 Eaves Lane
Chorley
Lancashire
PR6 0AU

Car & Commercial (Chorley) Limited (Registered number: 07032346)

Balance Sheet
28th February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,817 5,949

CURRENT ASSETS
Debtors 5 82,376 59,029
Cash at bank 24,858 34,355
107,234 93,384
CREDITORS
Amounts falling due within one year 6 78,831 75,124
NET CURRENT ASSETS 28,403 18,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,220

24,209

CREDITORS
Amounts falling due after more than one year 7 - 17,333
NET ASSETS 33,220 6,876

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 33,219 6,875
SHAREHOLDERS' FUNDS 33,220 6,876

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28th 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.

Car & Commercial (Chorley) Limited (Registered number: 07032346)

Balance Sheet - continued
28th February 2023


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 28th November 2023 and were signed by:





Mr T J Trelfa - Director


Car & Commercial (Chorley) Limited (Registered number: 07032346)

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

1. STATUTORY INFORMATION

Car & Commercial (Chorley) 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
Turnover 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 each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on cost

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 6 (2022 - 6 ) .

Car & Commercial (Chorley) Limited (Registered number: 07032346)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022 37,152
Additions 157
At 28th February 2023 37,309
DEPRECIATION
At 1st March 2022 31,203
Charge for year 1,289
At 28th February 2023 32,492
NET BOOK VALUE
At 28th February 2023 4,817
At 28th February 2022 5,949

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 81,987 58,640
Other debtors 389 389
82,376 59,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,034 -
Hire purchase contracts - 4,583
Trade creditors 51,942 34,448
Taxation and social security 15,258 34,327
Other creditors 1,597 1,766
78,831 75,124

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 17,333

Car & Commercial (Chorley) Limited (Registered number: 07032346)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1 Ordinary £1 1 1