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REGISTERED NUMBER: 08925718 (England and Wales)















LODDON CARS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






LODDON CARS LIMITED (REGISTERED NUMBER: 08925718)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LODDON CARS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: Mr W Mirza
Mrs S Waseem





REGISTERED OFFICE: Regus
Winnersh Triangle
Building 220, Wharfedale Road
Wokingham
Berkshire
RG41 5TP





REGISTERED NUMBER: 08925718 (England and Wales)





ACCOUNTANTS: Quantum Accountancy
Chartered Certified Accountants
Ashley House
97 London Road
Slough
Berkshire
SL3 7RS

LODDON CARS LIMITED (REGISTERED NUMBER: 08925718)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 260,741 275,394
260,741 275,394

CURRENT ASSETS
Debtors 6 71,632 67,104
Cash at bank and in hand 11,111 33,029
82,743 100,133
CREDITORS
Amounts falling due within one year 7 306,297 336,941
NET CURRENT LIABILITIES (223,554 ) (236,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,187

38,586

CREDITORS
Amounts falling due after more than one
year

8

31,741

38,367
NET ASSETS 5,446 219

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,346 119
5,446 219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LODDON CARS LIMITED (REGISTERED NUMBER: 08925718)

BALANCE SHEET - continued
31 March 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 Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:




Mr W Mirza - Director



Mrs S Waseem - Director


LODDON CARS LIMITED (REGISTERED NUMBER: 08925718)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Loddon Cars 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 25% reducing balance
Motor Vehicles - 25% reducing balance

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.

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.

LODDON CARS LIMITED (REGISTERED NUMBER: 08925718)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022
and 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 958,423
Additions 57,360
At 31 March 2023 1,015,783
DEPRECIATION
At 1 April 2022 683,029
Charge for year 72,013
At 31 March 2023 755,042
NET BOOK VALUE
At 31 March 2023 260,741
At 31 March 2022 275,394

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 47,482 67,104
Other debtors 24,150 -
71,632 67,104

LODDON CARS LIMITED (REGISTERED NUMBER: 08925718)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,663 16,828
Hire purchase contracts 9,448 22,349
Trade creditors 49,384 95,792
Taxation and social security 92,648 100,301
Other creditors 142,154 101,671
306,297 336,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,700 38,367
Hire purchase contracts 9,041 -
31,741 38,367