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REGISTERED NUMBER: 07041352 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Force Cars Limited

Force Cars Limited (Registered number: 07041352)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Force Cars Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr Nathan Daniel Bird





REGISTERED OFFICE: 11 Dunsomer Hill
South Moreton
Didcot
Oxfordshire
OX11 9AP





REGISTERED NUMBER: 07041352 (England and Wales)





ACCOUNTANTS: Inca Accountants Ltd
Chartered Certified Accountants
Central Office
Cobweb Buildings
The Lane, Lyford
Nr Wantage
Oxfordshire
OX12 0EE

Force Cars Limited (Registered number: 07041352)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,313,881 1,290,367

CURRENT ASSETS
Stocks 57,900 21,295
Debtors 5 15,539 58,267
Cash at bank 20 -
73,459 79,562
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

6

(393,523

)

(383,928

)
NET CURRENT LIABILITIES (320,064 ) (304,366 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

993,817

986,001

CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE
YEAR


7


(548,934


)


(586,664


)
NET ASSETS 444,883 399,337

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 372,127 372,127
Retained earnings 72,755 27,209
444,883 399,337

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Force Cars Limited (Registered number: 07041352)

Balance Sheet - continued
31 October 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.

Approved and authorised by the director and authorised for issue on 13 February 2024 and were signed by:





Mr Nathan Daniel Bird - Director


Force Cars Limited (Registered number: 07041352)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Force 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 3 (2022 - 5 ) .

Force Cars Limited (Registered number: 07041352)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long Plant and and
property leasehold machinery fittings Totals
£    £    £    £    £   
COST
At 1 November 2022 1,271,650 7,500 65,489 5,816 1,350,455
Additions 27,897 - - 100 27,997
At 31 October 2023 1,299,547 7,500 65,489 5,916 1,378,452
DEPRECIATION
At 1 November 2022 - 4,875 49,638 5,575 60,088
Charge for year - 375 3,963 145 4,483
At 31 October 2023 - 5,250 53,601 5,720 64,571
NET BOOK VALUE
At 31 October 2023 1,299,547 2,250 11,888 196 1,313,881
At 31 October 2022 1,271,650 2,625 15,851 241 1,290,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,200 (400 )
Other debtors 14,339 58,667
15,539 58,267

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 79,207 83,285
Hire purchase contracts 2,640 2,640
Trade creditors 13,522 17,715
Amounts owed to participating interests 151,908 186,411
Taxation and social security 24,785 57,595
Other creditors 121,461 36,282
393,523 383,928

Force Cars Limited (Registered number: 07041352)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 544,314 579,404
Hire purchase contracts 4,620 7,260
548,934 586,664

8. RESERVES
Revaluatio
reserve
£   
At 1 November 2022
and 31 October 2023 372,127

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr Nathan Daniel Bird
Balance outstanding at start of year 41,139 -
Amounts advanced - 41,139
Amounts repaid (106,941 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (65,802 ) 41,139

The Director owed Force Cars Ltd £41,139 at year ending 31st October 2022 and this was fully repaid by 18th November 2022.