Company Registration No. 11602623 (England and Wales)
MANCUNIAN CARS LIMITED
accounts
for the year ended 30 October 2023
MANCUNIAN CARS LIMITED
accounts
Contents
MANCUNIAN CARS LIMITED
Statement of financial position
as at 30 October 2023
Tangible assets
102,691
72,661
Cash at bank and in hand
20,084
8,913
Creditors: amounts falling due within one year
(52,196)
(26,069)
Net current assets
7,212
23,755
Total assets less current liabilities
109,903
96,416
Creditors: amounts falling due after more than one year
(93,567)
(85,738)
Called up share capital
10
10
Profit and loss account
16,326
10,668
Shareholders' funds
16,336
10,678
For the year ending 30 October 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 director acknowledges her 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 and authorised for issue on 25 July 2024 and were signed on its behalf by
Maryam Asghar
Director
Company Registration No. 11602623
MANCUNIAN CARS LIMITED
Notes to the Accounts
for the year ended 30 October 2023
MANCUNIAN CARS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11602623. The registered office is 15 AYRES ROAD, MANCHESTER, M16 9LW, 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.
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:
Motor vehicles
10% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 31 October 2022
82,380
-
174
82,554
Additions
39,308
1,250
1,166
41,724
At 30 October 2023
121,688
1,250
1,340
124,278
At 31 October 2022
9,858
-
35
9,893
Charge for the year
11,183
250
261
11,694
At 30 October 2023
21,041
250
296
21,587
At 30 October 2023
100,647
1,000
1,044
102,691
At 30 October 2022
72,522
-
139
72,661
MANCUNIAN CARS LIMITED
Notes to the Accounts
for the year ended 30 October 2023
Amounts falling due within one year
Trade debtors
18,000
18,000
Accrued income and prepayments
-
4,847
Other debtors
21,324
18,064
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,874
3,274
Other creditors
16,209
3,786
Loans from directors
30,664
14,754
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
58,368
45,737
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).