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Company Registration No. 07684376 (England and Wales)
Plaistow Abbey Cars London Ltd Unaudited accounts for the year ended 30 June 2023
Plaistow Abbey Cars London Ltd Unaudited accounts Contents
Page
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Plaistow Abbey Cars London Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Creditors: amounts falling due within one year
(23,276)
(19,890)
Net current liabilities
(23,276)
(19,890)
Total assets less current liabilities
(23,276)
(19,890)
Creditors: amounts falling due after more than one year
(11,944)
(17,471)
Net liabilities
(35,220)
(37,361)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(35,221)
(37,362)
Shareholders' funds
(35,220)
(37,361)
For the year ending 30 June 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 29 March 2024 and were signed on its behalf by
Mohammed Ibrahim Director Company Registration No. 07684376
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Plaistow Abbey Cars London Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Plaistow Abbey Cars London Ltd is a private company, limited by shares, registered in England and Wales, registration number 07684376. The registered office is 2a New Barn Street, London, E13 8JA.
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.
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
33.33% straight line basis
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Going concern
The company is a going concern. It embarks on long term projects for which the income arises at completion. The company is funded and supported by long term shareholders.
Presentation currency
The accounts are presented in £ sterling.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
1,200 
At 30 June 2023
1,200 
Depreciation
At 1 July 2022
1,200 
At 30 June 2023
1,200 
Net book value
At 30 June 2023
- 
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Plaistow Abbey Cars London Ltd Notes to the Accounts for the year ended 30 June 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,964 
5,968 
Taxes and social security
(20)
(19)
Other creditors
600 
663 
Loans from directors
16,732 
13,278 
23,276 
19,890 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,944 
17,471 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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