Company Registration No. 06533918 (England and Wales)
shire cars limited
Unaudited accounts
for the year ended 31 March 2023
shire cars limited
Unaudited accounts
Contents
shire cars limited
Company Information
for the year ended 31 March 2023
Company Number
06533918 (England and Wales)
Registered Office
main road
shurdington
cheltenham
gloucestershire
gl51 4xf
england
shire cars limited
Statement of financial position
as at 31 March 2023
Tangible assets
42,073
19,278
Cash at bank and in hand
136,223
228,681
Creditors: amounts falling due within one year
(62,143)
(226,478)
Net current assets
154,575
110,777
Net assets
196,648
130,055
Called up share capital
100
100
Profit and loss account
196,548
129,955
Shareholders' funds
196,648
130,055
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 23 December 2023 and were signed on its behalf by
p davidson
Director
Company Registration No. 06533918
shire cars limited
Notes to the Accounts
for the year ended 31 March 2023
shire cars limited is a private company, limited by shares, registered in England and Wales, registration number 06533918. The registered office is main road, shurdington, cheltenham, gloucestershire, gl51 4xf, 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
110,204
-
1,978
112,182
Additions
12,813
18,000
-
30,813
At 31 March 2023
123,017
18,000
1,978
142,995
At 1 April 2022
92,904
-
-
92,904
Charge for the year
6,023
1,600
395
8,018
At 31 March 2023
98,927
1,600
395
100,922
At 31 March 2023
24,090
16,400
1,583
42,073
At 31 March 2022
17,300
-
1,978
19,278
shire cars limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
160,550
Trade creditors
17,183
31,712
Taxes and social security
15,117
16,325
Loans from directors
7,254
(5,000)
the company has a business funding loan of £160550
This has been paid back in full as of 5th april 2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
the direct has invested £7254 a non interest loan to the company
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).