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REGISTERED NUMBER: 09077763 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 June 2023

for

My Car Import Limited

My Car Import Limited (Registered number: 09077763)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


My Car Import Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J D Charlesworth
T Charlesworth





REGISTERED OFFICE: Trent Lane
Castle Donington
Derbyshire
DE74 2PY





REGISTERED NUMBER: 09077763 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
My Car Import Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of My Car Import Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of My Car Import Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of My Car Import Limited and state those matters that we have agreed to state to the Board of Directors of My Car Import Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than My Car Import Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that My Car Import Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of My Car Import Limited. You consider that My Car Import Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of My Car Import Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


9 January 2024

My Car Import Limited (Registered number: 09077763)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 302,463 216,713
Investments 5 - 100
302,463 216,813

CURRENT ASSETS
Stocks 6 83,139 11,900
Debtors 7 1,188,742 885,655
Cash at bank and in hand 123,789 49,946
1,395,670 947,501
CREDITORS
Amounts falling due within one year 8 1,122,358 671,783
NET CURRENT ASSETS 273,312 275,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,775

492,531

CREDITORS
Amounts falling due after more than
one year

9

(254,835

)

(223,865

)

PROVISIONS FOR LIABILITIES (60,362 ) (28,523 )
NET ASSETS 260,578 240,143

My Car Import Limited (Registered number: 09077763)

Balance Sheet - continued
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 226 226
Retained earnings 260,352 239,917
SHAREHOLDERS' FUNDS 260,578 240,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 9 January 2024 and were signed on its behalf by:





J D Charlesworth - Director


My Car Import Limited (Registered number: 09077763)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

My Car Import 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.

Preparation of consolidated financial statements
The financial statements contain information about My Car Import Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Short leasehold - 10% straight line basis
Plant and machinery - Straight line over 3 years
Fixtures and fittings - Straight line over 3 years
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

My Car Import Limited (Registered number: 09077763)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account at rates of charge on the net obligations in each period.

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 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2022 96,786 91,762 41,952
Additions - 124,900 1,957
At 30 June 2023 96,786 216,662 43,909
DEPRECIATION
At 1 July 2022 18,172 36,681 28,462
Charge for year 9,680 29,867 7,754
At 30 June 2023 27,852 66,548 36,216
NET BOOK VALUE
At 30 June 2023 68,934 150,114 7,693
At 30 June 2022 78,614 55,081 13,490

My Car Import Limited (Registered number: 09077763)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 66,988 8,373 305,861
Additions 28,833 4,319 160,009
At 30 June 2023 95,821 12,692 465,870
DEPRECIATION
At 1 July 2022 2,570 3,263 89,148
Charge for year 23,313 3,645 74,259
At 30 June 2023 25,883 6,908 163,407
NET BOOK VALUE
At 30 June 2023 69,938 5,784 302,463
At 30 June 2022 64,418 5,110 216,713

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022 100
Disposals (100 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 100

6. STOCKS
30.6.23 30.6.22
£    £   
Stocks 83,139 11,900

My Car Import Limited (Registered number: 09077763)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 775,845 519,330
Amounts owed by group undertakings 283,741 289,193
Other debtors 40,879 13,237
Directors' current accounts 45,000 31,229
VAT 12,606 -
Prepayments and accrued income 30,671 32,666
1,188,742 885,655

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 36,805 16,364
Hire purchase contracts 27,642 36,159
Trade creditors 889,628 532,084
Corporation tax 84,630 50,914
Social security and other taxes 6,807 5,485
VAT - 3,274
Other creditors 69,832 20,689
Accruals and deferred income 7,014 6,814
1,122,358 671,783

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 36,805 16,364
Bank loans - 2-5 years 69,175 32,727
Hire purchase contracts 148,855 174,774
254,835 223,865

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Hire purchase contracts 176,497 210,933

The hire purchase contracts are secured on the assets to which they relate.

My Car Import Limited (Registered number: 09077763)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
200 Ordinary £1 200 200
13 Ordinary C £1 13 13
13 Ordinary D £1 13 13
226 226

13 Ordinary C Shares and 13 Ordinary D Shares of £1 each were allotted & fully paid for cash at par during the period.

12. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £228,600 (2022 - £304,800).

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
J D Charlesworth
Balance outstanding at start of year 31,229 42,355
Amounts advanced 86,577 31,874
Amounts repaid (72,806 ) (43,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,000 31,229

T Charlesworth
Balance outstanding at start of year - -
Amounts advanced 79,782 -
Amounts repaid (79,782 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan is interest free and repayable on demand.

14. RELATED PARTY DISCLOSURES

Included in amounts owed by group undertakings is an amount of £283,741 (2022: £289,193) owed from the parent company. The loan is interest free and repayable on demand.

My Car Import Limited (Registered number: 09077763)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


15. PARENT COMPANY

The parent company is Trentstone Estates Ltd.

Registered office address:
Trent Lane
Castle Donington
Derby
DE74 2PY