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REGISTERED NUMBER: 10718122 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

A1 Car and Commercials Ltd

A1 Car and Commercials Ltd (Registered number: 10718122)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A1 Car and Commercials Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R M Smith





REGISTERED OFFICE: Woodside Farm
Stapleford Road
Stapleford
Romford
Essex
RM4 1ER





REGISTERED NUMBER: 10718122 (England and Wales)





ACCOUNTANTS: CHARLES PETER
Charles House
46 Station Road
Waltham Abbey
Essex
EN9 1FP

A1 Car and Commercials Ltd (Registered number: 10718122)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,070 12,095

CURRENT ASSETS
Stocks 16,750 15,250
Debtors 5 - 983
Cash at bank and in hand 22,559 11,228
39,309 27,461
CREDITORS
Amounts falling due within one year 6 55,664 45,152
NET CURRENT LIABILITIES (16,355 ) (17,691 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,285

)

(5,596

)

CREDITORS
Amounts falling due after more than one
year

7

5,398

10,404
NET LIABILITIES (12,683 ) (16,000 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (12,684 ) (16,001 )
SHAREHOLDERS' FUNDS (12,683 ) (16,000 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A1 Car and Commercials Ltd (Registered number: 10718122)

Balance Sheet - continued
30 April 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 director and authorised for issue on 14 August 2024 and were signed by:





R M Smith - Director


A1 Car and Commercials Ltd (Registered number: 10718122)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

A1 Car and Commercials 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

A1 Car and Commercials Ltd (Registered number: 10718122)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 48,067
DEPRECIATION
At 1 May 2023 35,972
Charge for year 3,025
At 30 April 2024 38,997
NET BOOK VALUE
At 30 April 2024 9,070
At 30 April 2023 12,095

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 16,800
DEPRECIATION
At 1 May 2023 12,979
Charge for year 956
At 30 April 2024 13,935
NET BOOK VALUE
At 30 April 2024 2,865
At 30 April 2023 3,821

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 983

A1 Car and Commercials Ltd (Registered number: 10718122)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 1,125 1,628
Taxation and social security 1,218 1,401
Other creditors 48,321 37,123
55,664 45,152

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 5,398 10,404