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
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
WWW.YOURNEXTCAR.UK.COM LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
9,778
9,831
Inventories
1,884,254
2,064,512
Cash at bank and in hand
1,725,203
1,533,744
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
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
WWW.YOURNEXTCAR.UK.COM LIMITED
Notes to the Accounts
for the year ended 31 May 2023
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.
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:
Plant & machinery
15% Reducing balance
Fixtures & fittings
15% Reducing balance
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 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.
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
At 31 May 2023
5,329
13,062
18,391
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
At 31 May 2023
3,149
6,629
9,778
At 31 May 2022
3,705
6,126
9,831
Finished goods
1,884,254
2,064,512
Amounts falling due within one year
Accrued income and prepayments
465
458
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
113,390
85,362
Taxes and social security
178,710
254,915
Proposed dividends
119,730
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
WWW.YOURNEXTCAR.UK.COM LIMITED
Notes to the Accounts
for the year ended 31 May 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).