1 June 2022 false Taxfiler 2023.14 08547853business:PrivateLimitedCompanyLtd2022-06-012023-05-31 085478532022-05-31 085478532022-06-012023-05-31 08547853business:AuditExempt-NoAccountantsReport2022-06-012023-05-31 08547853business:FilletedAccounts2022-06-012023-05-31 085478532023-05-31 08547853business:Director12022-06-012023-05-31 08547853business:Director22022-06-012023-05-31 08547853business:Director32022-06-012023-05-31 08547853business:Director42022-06-012023-05-31 08547853business:RegisteredOffice2022-06-012023-05-31 085478532022-05-31 08547853core:WithinOneYear2023-05-31 08547853core:WithinOneYear2022-05-31 08547853core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 08547853core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 08547853core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 08547853core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 08547853core:PreviouslyStatedAmount2023-05-31 08547853core:PreviouslyStatedAmount2022-05-31 08547853business:SmallEntities2022-06-012023-05-31 08547853countries:EnglandWales2022-06-012023-05-31 08547853core:PlantMachinery2022-06-012023-05-31 08547853core:FurnitureFittings2022-06-012023-05-31 08547853core:PlantMachinery2022-05-31 08547853core:FurnitureFittings2022-05-31 08547853core:PlantMachinery2023-05-31 08547853core:FurnitureFittings2023-05-31 08547853core:AfterOneYear2023-05-31 08547853core:AfterOneYear2022-05-31 08547853business:OrdinaryShareClass12022-06-012023-05-31 08547853business:OrdinaryShareClass12021-06-012022-05-31 08547853business:Director112022-06-012023-05-31 08547853business:Director112022-05-31 08547853business:Director112023-05-31 085478532021-06-012022-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08547853 (England and Wales)
WWW.YOURNEXTCAR.UK.COM LIMITED Unaudited accounts for the year ended 31 May 2023
WWW.YOURNEXTCAR.UK.COM LIMITED Unaudited accounts Contents
Page
- 2 -
WWW.YOURNEXTCAR.UK.COM LIMITED Company Information for the year ended 31 May 2023
Directors
Waseem Najeeb Naeem Najeeb Naqeeb Najeeb Naseeb Najeeb
Company Number
08547853 (England and Wales)
Registered Office
UNIT 1 HIGH CHURCH STREET NOTTINGHAM NG7 7JT
- 3 -
WWW.YOURNEXTCAR.UK.COM LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,778 
9,831 
Current assets
Inventories
1,884,254 
2,064,512 
Debtors
565,310 
458 
Cash at bank and in hand
1,725,203 
1,533,744 
4,174,767 
3,598,714 
Creditors: amounts falling due within one year
(424,630)
(364,056)
Net current assets
3,750,137 
3,234,658 
Net assets
3,759,915 
3,244,489 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,759,815 
3,244,389 
Shareholders' funds
3,759,915 
3,244,489 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by
Waseem Najeeb Director Company Registration No. 08547853
- 4 -
WWW.YOURNEXTCAR.UK.COM LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
WWW.YOURNEXTCAR.UK.COM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08547853. The registered office is UNIT 1, HIGH CHURCH STREET, NOTTINGHAM, NG7 7JT.
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:
Plant & machinery
15% Reducing balance
Fixtures & fittings
15% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
WWW.YOURNEXTCAR.UK.COM LIMITED Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
5,329 
11,389 
16,718 
Additions
- 
1,673 
1,673 
At 31 May 2023
5,329 
13,062 
18,391 
Depreciation
At 1 June 2022
1,624 
5,263 
6,887 
Charge for the year
556 
1,170 
1,726 
At 31 May 2023
2,180 
6,433 
8,613 
Net book value
At 31 May 2023
3,149 
6,629 
9,778 
At 31 May 2022
3,705 
6,126 
9,831 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
1,884,254 
2,064,512 
1,884,254 
2,064,512 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
24,724 
- 
Accrued income and prepayments
465 
458 
Other debtors
119,730 
- 
144,919 
458 
Amounts falling due after more than one year
Other debtors
420,391 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
18,979 
Trade creditors
113,390 
85,362 
Taxes and social security
178,710 
254,915 
Proposed dividends
119,730 
- 
Accruals
12,800 
4,800 
424,630 
364,056 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
- 6 -
WWW.YOURNEXTCAR.UK.COM LIMITED Notes to the Accounts for the year ended 31 May 2023
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan
- 
100,000 
- 
100,000 
- 
100,000 
- 
100,000 
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).
- 7 -