PASSION CARS LTD

Company Registration Number:
12947865 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

PASSION CARS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

PASSION CARS LTD

Company Information

for the Period Ended 31 October 2023




Director: Nathan Addae
Registered office: 1b
Pickford Lane
Bexleyheath
Kent
England
DA7 4RD
Company Registration Number: 12947865 (England and Wales)

PASSION CARS LTD

Profit and Loss Account

for the Period Ended 31 October 2023


Notes

2023
£

2022
£
Turnover 574,046 420,053
Cost of sales ( 434,259 ) ( 329,683 )
Gross Profit or (Loss) 139,787 90,370
Administrative Expenses ( 137,550 ) ( 64,676 )
Operating Profit or (Loss) 2,237 25,694
Profit or (Loss) Before Tax 2,237 25,694
Tax on Profit ( 448 ) ( 5,139 )
Profit or (Loss) for Period 1,789 20,555

The notes form part of these financial statements

PASSION CARS LTD

Balance sheet

As at 31 October 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 1,134 1,701
Total fixed assets: 1,134 1,701
Current assets
Stocks: 152,223 100,625
Debtors: 5 1,256 16,649
Cash at bank and in hand: 140 1,329
Total current assets: 153,619 118,603
Creditors: amounts falling due within one year: 6 ( 152,864 ) ( 99,649 )
Net current assets (liabilities): 755 18,954
Total assets less current liabilities: 1,889 20,655
Total net assets (liabilities): 1,889 20,655

The notes form part of these financial statements

PASSION CARS LTD

Balance sheet continued

As at 31 October 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,789 20,555
Shareholders funds: 1,889 20,655

For the year ending 31 October 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 16 February 2024
And Signed On Behalf Of The Board By:

Name: Nathan Addae
Status: Director

The notes form part of these financial statements

PASSION CARS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PASSION CARS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

PASSION CARS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 3. Off balance sheet disclosure

    No

PASSION CARS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible assets

Office equipment Total
Cost £ £
At 01 November 2022 2,268 2,268
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 October 2023 2,268 2,268
Depreciation
At 01 November 2022 567 567
Charge for year 567 567
On disposals - -
Other adjustments - -
At 31 October 2023 1,134 1,134
Net book value
At 31 October 2023 1,134 1,134
At 31 October 2022 1,701 1,701

PASSION CARS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors


2023
£

2022
£
Trade debtors 1,256 16,649
Total 1,256 16,649

PASSION CARS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 152,864 99,649
Total 152,864 99,649