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REGISTERED NUMBER: 10683757 (England and Wales)















Ex Police Car Centre Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Ex Police Car Centre Ltd (Registered number: 10683757)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Ex Police Car Centre Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P J Finney
Mrs N J Finney
C Finney





REGISTERED OFFICE: 258 Delph Road
Brierley Hill
West Midlands
DY5 2RD





REGISTERED NUMBER: 10683757 (England and Wales)





ACCOUNTANTS: JMC Accountants & Tax Advisers Ltd
76 High Street
Brierley Hill
West Midlands
DY5 3AW

Ex Police Car Centre Ltd (Registered number: 10683757)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,146 8,649

CURRENT ASSETS
Stocks 252,508 230,378
Debtors 5 91,937 66,012
Cash at bank and in hand 36,212 142,489
380,657 438,879
CREDITORS
Amounts falling due within one year 6 175,332 217,868
NET CURRENT ASSETS 205,325 221,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,471

229,660

CREDITORS
Amounts falling due after more than one
year

7

(13,828

)

(24,249

)

PROVISIONS FOR LIABILITIES (11,287 ) (1,643 )
NET ASSETS 225,356 203,768

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 225,353 203,765
225,356 203,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ex Police Car Centre Ltd (Registered number: 10683757)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2024 and were signed on its behalf by:





Mrs N J Finney - Director


Ex Police Car Centre Ltd (Registered number: 10683757)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ex Police Car Centre Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Ex Police Car Centre Ltd (Registered number: 10683757)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 7,607 425 4,169 12,201
Additions - 1,199 49,846 51,045
At 31 March 2024 7,607 1,624 54,015 63,246
DEPRECIATION
At 1 April 2023 1,521 207 1,824 3,552
Charge for year 1,217 284 13,047 14,548
At 31 March 2024 2,738 491 14,871 18,100
NET BOOK VALUE
At 31 March 2024 4,869 1,133 39,144 45,146
At 31 March 2023 6,086 218 2,345 8,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,215 -
Other debtors 81,722 66,012
91,937 66,012

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,400 10,000
Trade creditors 107,444 147,050
Taxation and social security 34,727 48,695
Other creditors 6,761 12,123
175,332 217,868

Ex Police Car Centre Ltd (Registered number: 10683757)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,828 24,249

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,824 10,824
Between one and five years 7,216 18,040
18,040 28,864

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P J Finney and Mrs N J Finney
Balance outstanding at start of year 59,258 -
Amounts advanced 76,840 59,258
Amounts repaid (59,258 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 76,840 59,258

Loan in interest free and repayable on demand