Company registration number:
11980352
Ashcroft Settle Cars Ltd
Unaudited filleted financial statements
31 May 2023
Ashcroft Settle Cars Ltd
Statement of financial position
31 May 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
25,820 |
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17,144 |
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_______ |
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_______ |
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25,820 |
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17,144 |
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Current assets |
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Cash at bank and in hand |
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425 |
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964 |
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_______ |
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_______ |
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425 |
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964 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
12,363) |
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(
18,506) |
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_______ |
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_______ |
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Net current liabilities |
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(
11,938) |
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(
17,542) |
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_______ |
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_______ |
Total assets less current liabilities |
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13,882 |
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(
398) |
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_______ |
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_______ |
Net assets/(liabilities) |
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13,882 |
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(
398) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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2 |
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2 |
Profit and loss account |
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13,880 |
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(
400) |
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_______ |
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_______ |
Shareholders funds/(deficit) |
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13,882 |
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(
398) |
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_______ |
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_______ |
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For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 February 2024
, and are signed on behalf of the board by:
Mr Liam Sweeney
Director
Company registration number:
11980352
Ashcroft Settle Cars Ltd
Notes to the financial statements
Year ended 31 May 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Stockpit Road, Knowsley Industrial Park, Liverpool, L33 7TQ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The accounts are prepared under the historical cost convention
.
Turnover
The turnover represents the net settles received from drivers.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Motor vehicles |
- |
25 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Tangible assets
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Motor vehicles |
Total |
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£ |
£ |
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Cost |
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At 1 June 2022 |
30,480 |
30,480 |
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Additions |
28,250 |
28,250 |
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Disposals |
(
19,500) |
(
19,500) |
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_______ |
_______ |
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At 31 May 2023 |
39,230 |
39,230 |
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_______ |
_______ |
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Depreciation |
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At 1 June 2022 |
13,336 |
13,336 |
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Charge for the year |
8,606 |
8,606 |
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Disposals |
(
8,532) |
(
8,532) |
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_______ |
_______ |
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At 31 May 2023 |
13,410 |
13,410 |
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_______ |
_______ |
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Carrying amount |
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At 31 May 2023 |
25,820 |
25,820 |
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_______ |
_______ |
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At 31 May 2022 |
17,144 |
17,144 |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
|
- |
2,311 |
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Corporation tax |
|
3,537 |
1,182 |
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Other creditors |
|
8,826 |
15,013 |
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_______ |
_______ |
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12,363 |
18,506 |
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_______ |
_______ |
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