Company Registration No. 9035221 (England and Wales)
NEIGHBOURHOOD CARS LTD
Unaudited accounts
for the year ended 31 March 2023
NEIGHBOURHOOD CARS LTD
Unaudited accounts
Contents
NEIGHBOURHOOD CARS LTD
Company Information
for the year ended 31 March 2023
Director
Muhammad Ahsan SADIQ
Company Number
9035221 (England and Wales)
Registered Office
76 GREEN ACRES
CROYDON
CR0 5UX
ENGLAND
Accountants
Bismil Accountants
Challenge House, SLZ1
616 Mitcham Road
Croydon
CR0 3AA
NEIGHBOURHOOD CARS LTD
Statement of financial position
as at 31 March 2023
Tangible assets
6,834
7,639
Cash at bank and in hand
12,401
1,167
Creditors: amounts falling due within one year
(21,537)
(9,741)
Net current liabilities
(9,136)
(8,574)
Net liabilities
(2,302)
(935)
Called up share capital
1
1
Profit and loss account
(2,303)
(936)
Shareholders' funds
(2,302)
(935)
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 30 November 2023 and were signed on its behalf by
Muhammad Ahsan SADIQ
Director
Company Registration No. 9035221
NEIGHBOURHOOD CARS LTD
Notes to the Accounts
for the year ended 31 March 2023
NEIGHBOURHOOD CARS LTD is a private company, limited by shares, registered in England and Wales, registration number 9035221. The registered office is 76 GREEN ACRES, CROYDON, CR0 5UX, 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.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
1,375
12,996
14,371
At 31 March 2023
1,375
12,996
14,371
At 1 April 2022
1,089
5,643
6,732
Charge for the year
52
753
805
At 31 March 2023
1,141
6,396
7,537
At 31 March 2023
234
6,600
6,834
At 31 March 2022
286
7,353
7,639
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,583
7,732
Loans from directors
13,554
1,409
NEIGHBOURHOOD CARS LTD
Notes to the Accounts
for the year ended 31 March 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).