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Company Registration No. 11327242 (England and Wales)
USED AUTO SALES LIMITED Unaudited accounts for the year ended 30 April 2023
USED AUTO SALES LIMITED Unaudited accounts Contents
Page
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USED AUTO SALES LIMITED Company Information for the year ended 30 April 2023
Director
Mr Linas Gelumbauskas
Company Number
11327242 (England and Wales)
Registered Office
30 Woodcote Avenue South Ockendon Hornchurch RM12 4PZ United Kingdom
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USED AUTO SALES LIMITED Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
133 
265 
Current assets
Debtors
1,689 
1,689 
Cash at bank and in hand
2,889 
11,441 
4,578 
13,130 
Creditors: amounts falling due within one year
(3,436)
(4,665)
Net current assets
1,142 
8,465 
Total assets less current liabilities
1,275 
8,730 
Creditors: amounts falling due after more than one year
(75,274)
(63,152)
Net liabilities
(73,999)
(54,422)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(74,099)
(54,522)
Shareholders' funds
(73,999)
(54,422)
For the year ending 30 April 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 31 January 2024 and were signed on its behalf by
Mr Linas Gelumbauskas Director Company Registration No. 11327242
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USED AUTO SALES LIMITED Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
USED AUTO SALES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11327242. The registered office is 30 Woodcote Avenue, South Ockendon, Hornchurch, RM12 4PZ, United Kingdom.
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:
Computer equipment
Depreciation is calculated at 25% on a straight line basis
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2022
529 
At 30 April 2023
529 
Depreciation
At 1 May 2022
264 
Charge for the year
132 
At 30 April 2023
396 
Net book value
At 30 April 2023
133 
At 30 April 2022
265 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
1,689 
1,689 
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USED AUTO SALES LIMITED Notes to the Accounts for the year ended 30 April 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,091 
2,168 
Other creditors
145 
1,297 
Accruals
1,200 
1,200 
3,436 
4,665 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,634 
17,021 
Loans from directors
62,640 
46,131 
75,274 
63,152 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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