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Company Registration No. 12014682 (England and Wales)
Car Bazaar Ltd Unaudited accounts for the year ended 31 May 2024
Car Bazaar Ltd Unaudited accounts Contents
Page
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Car Bazaar Ltd Company Information for the year ended 31 May 2024
Directors
Habib Hussain Hadeel Hussain
Company Number
12014682 (England and Wales)
Registered Office
16 Julian Road Sheffield S9 1FZ England
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Car Bazaar Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
265,850 
315,000 
Debtors
3,390 
13,285 
Cash at bank and in hand
15,882 
57,601 
285,122 
385,886 
Creditors: amounts falling due within one year
(115,316)
(218,552)
Net current assets
169,806 
167,334 
Total assets less current liabilities
169,806 
167,334 
Creditors: amounts falling due after more than one year
(28,595)
(34,383)
Net assets
141,211 
132,951 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
141,210 
132,950 
Shareholders' funds
141,211 
132,951 
For the year ending 31 May 2024 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 27 August 2024 and were signed on its behalf by
Habib Hussain Director Company Registration No. 12014682
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Car Bazaar Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Car Bazaar Ltd is a private company, limited by shares, registered in England and Wales, registration number 12014682. The registered office is 16 Julian Road, Sheffield, S9 1FZ, 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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,390 
3,390 
Other debtors
- 
9,895 
3,390 
13,285 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,719 
6,720 
Taxes and social security
2,072 
9,920 
Other creditors
104,256 
201,912 
Loans from directors
2,269 
- 
115,316 
218,552 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,595 
34,383 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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