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Company Registration No. 06992789 (England and Wales)
Nova Cars Holdings Limited Unaudited accounts for the year ended 31 August 2023
Nova Cars Holdings Limited Unaudited accounts Contents
Page
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Nova Cars Holdings Limited Company Information for the year ended 31 August 2023
Directors
T J Prew S M Prew
Secretary
S M Prew
Company Number
06992789 (England and Wales)
Registered Office
Nova Cars Holdings 2 Granville Avenue Newport Shropshire TF10 7DX England
Accountants
Pedley's Accountancy Services Ltd Lichfield Lodge Weston Under Lizard Nr Shifnal Shropshire TF11 8LZ
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Nova Cars Holdings Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
290,000 
290,000 
Current assets
Debtors
25,574 
31,082 
Cash at bank and in hand
8,023 
27,894 
33,597 
58,976 
Creditors: amounts falling due within one year
(253,827)
(253,583)
Net current liabilities
(220,230)
(194,607)
Total assets less current liabilities
69,770 
95,393 
Creditors: amounts falling due after more than one year
(11,066)
(39,488)
Net assets
58,704 
55,905 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
58,702 
55,903 
Shareholders' funds
58,704 
55,905 
For the year ending 31 August 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 18 April 2024 and were signed on its behalf by
T J Prew Director Company Registration No. 06992789
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Nova Cars Holdings Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Nova Cars Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 06992789. The registered office is Nova Cars Holdings , 2 Granville Avenue , Newport, Shropshire, TF10 7DX, England.
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:
Land & buildings
0
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2022
290,000 
At 31 August 2023
290,000 
Depreciation
At 31 August 2023
- 
Net book value
At 31 August 2023
290,000 
At 31 August 2022
290,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,000 
3,000 
Amounts falling due after more than one year
Other debtors
22,574 
28,082 
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Nova Cars Holdings Limited Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
28,099 
27,779 
Taxes and social security
5,347 
5,508 
Loans from directors
219,901 
219,901 
Accruals
480 
395 
253,827 
253,583 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,066 
39,488 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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