Company Registration No. 06522289 (England and Wales)
EXCLUSIVE AUTOS LIMITED
Unaudited accounts
for the year ended 31 March 2023
EXCLUSIVE AUTOS LIMITED
Unaudited accounts
Contents
EXCLUSIVE AUTOS LIMITED
Company Information
for the year ended 31 March 2023
Company Number
06522289 (England and Wales)
Registered Office
765 ST. ALBANS ROAD
WATFORD
WD25 9LA
ENGLAND
Accountants
Rajan Tack FCCA
119 Ridgeway Road North
Isleworth
Middlesex
TW7 5LX
EXCLUSIVE AUTOS LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
4,362
6,009
Inventories
1,604,718
1,289,311
Cash at bank and in hand
351,731
269,136
Creditors: amounts falling due within one year
(595,963)
(465,338)
Net current assets
1,549,806
1,109,261
Total assets less current liabilities
1,554,168
1,115,270
Creditors: amounts falling due after more than one year
(212,933)
(156,524)
Net assets
1,341,235
958,746
Called up share capital
100
100
Profit and loss account
1,341,135
958,646
Shareholders' funds
1,341,235
958,746
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 1 February 2024 and were signed on its behalf by
Aftab Hussain
Director
Company Registration No. 06522289
EXCLUSIVE AUTOS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
EXCLUSIVE AUTOS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06522289. The registered office is 765 ST. ALBANS ROAD, WATFORD, WD25 9LA, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Land & buildings
Over the lease term
Plant & machinery
Over 5 years
Fixtures & fittings
Over 5 years
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
2,647
3,293
2,297
8,237
At 31 March 2023
2,647
3,293
2,297
8,237
At 1 April 2022
350
960
918
2,228
Charge for the year
529
659
459
1,647
At 31 March 2023
879
1,619
1,377
3,875
At 31 March 2023
1,768
1,674
920
4,362
At 31 March 2022
2,297
2,333
1,379
6,009
EXCLUSIVE AUTOS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
640,859
260,162
Taxes and social security
16,954
102,216
Proposed dividends
(82,340)
82,320
7
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
680
353
Loans from directors
212,253
156,171
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).