1 31/05/2023 2023-05-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-06-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11980352 2022-06-01 2023-05-31 11980352 2023-05-31 11980352 2022-05-31 11980352 2021-06-01 2022-05-31 11980352 2022-05-31 11980352 core:MotorVehicles 2022-06-01 2023-05-31 11980352 bus:Director1 2022-06-01 2023-05-31 11980352 core:MotorVehicles 2022-05-31 11980352 core:MotorVehicles 2023-05-31 11980352 core:WithinOneYear 2023-05-31 11980352 core:WithinOneYear 2022-05-31 11980352 core:ShareCapital 2023-05-31 11980352 core:ShareCapital 2022-05-31 11980352 core:RetainedEarningsAccumulatedLosses 2023-05-31 11980352 core:RetainedEarningsAccumulatedLosses 2022-05-31 11980352 core:MotorVehicles 2022-05-31 11980352 bus:SmallEntities 2022-06-01 2023-05-31 11980352 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 11980352 bus:FullAccounts 2022-06-01 2023-05-31 11980352 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 11980352 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31
Company registration number: 11980352
Ashcroft Settle Cars Ltd
Unaudited filleted financial statements
31 May 2023
Ashcroft Settle Cars Ltd
Statement of financial position
31 May 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 25,820 17,144
_______ _______
25,820 17,144
Current assets
Cash at bank and in hand 425 964
_______ _______
425 964
Creditors: amounts falling due
within one year 6 ( 12,363) ( 18,506)
_______ _______
Net current liabilities ( 11,938) ( 17,542)
_______ _______
Total assets less current liabilities 13,882 ( 398)
_______ _______
Net assets/(liabilities) 13,882 ( 398)
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 13,880 ( 400)
_______ _______
Shareholders funds/(deficit) 13,882 ( 398)
_______ _______
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 February 2024 , and are signed on behalf of the board by:
Mr Liam Sweeney
Director
Company registration number: 11980352
Ashcroft Settle Cars Ltd
Notes to the financial statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Stockpit Road, Knowsley Industrial Park, Liverpool, L33 7TQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts are prepared under the historical cost convention .
Turnover
The turnover represents the net settles received from drivers.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Motor vehicles Total
£ £
Cost
At 1 June 2022 30,480 30,480
Additions 28,250 28,250
Disposals ( 19,500) ( 19,500)
_______ _______
At 31 May 2023 39,230 39,230
_______ _______
Depreciation
At 1 June 2022 13,336 13,336
Charge for the year 8,606 8,606
Disposals ( 8,532) ( 8,532)
_______ _______
At 31 May 2023 13,410 13,410
_______ _______
Carrying amount
At 31 May 2023 25,820 25,820
_______ _______
At 31 May 2022 17,144 17,144
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts - 2,311
Corporation tax 3,537 1,182
Other creditors 8,826 15,013
_______ _______
12,363 18,506
_______ _______