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Company Registration No. 07777937 (England and Wales)
MQ CARS LTD Unaudited accounts for the year ended 31 December 2022
MQ CARS LTD Unaudited accounts Contents
Page
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MQ CARS LTD Company Information for the year ended 31 December 2022
Director
MOHAMMAD PARVIZ FORMOOLI
Company Number
07777937 (England and Wales)
Registered Office
UNIT 15 176 WEST HENDON BROADWAY LONDON NW9 7AA
Accountants
UBC( Accountants & Tax Consultants) FFA FIPA CIPFA(AFFIL) 112 Wembley Park Drive Wembley Middlesex HA9 8HS
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MQ CARS LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,136 
22,869 
Current assets
Debtors
- 
6,050 
Cash at bank and in hand
829 
1,550 
829 
7,600 
Creditors: amounts falling due within one year
(2,729)
(16,205)
Net current liabilities
(1,900)
(8,605)
Net assets
15,236 
14,264 
Capital and reserves
Profit and loss account
15,236 
14,264 
Shareholders' funds
15,236 
14,264 
For the year ending 31 December 2022 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
MOHAMMAD PARVIZ FORMOOLI Director Company Registration No. 07777937
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MQ CARS LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
MQ CARS LTD is a private company, limited by shares, registered in England and Wales, registration number 07777937. The registered office is UNIT 15, 176 WEST HENDON BROADWAY, LONDON, NW9 7AA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
44,500 
4,907 
49,407 
At 31 December 2022
44,500 
4,907 
49,407 
Depreciation
At 1 January 2022
24,391 
2,147 
26,538 
Charge for the year
5,027 
706 
5,733 
At 31 December 2022
29,418 
2,853 
32,271 
Net book value
At 31 December 2022
15,082 
2,054 
17,136 
At 31 December 2021
20,109 
2,760 
22,869 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,050 
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MQ CARS LTD Notes to the Accounts for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
229 
510 
Loans from directors
2,500 
15,695 
2,729 
16,205 
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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