Company Registration No. 03723951 (England and Wales)
CT CARS LTD
Unaudited accounts
for the year ended 31 March 2024
CT CARS LTD
Unaudited accounts
Contents
CT CARS LTD
Company Information
for the year ended 31 March 2024
Directors
Mr I Whitmore
Mrs A Whitmore
Company Number
03723951 (England and Wales)
Registered Office
C/O SHEPHERD ACCOUNTANTS LIMITED
20 LINTOT SQUARE, SOUTHWATER
HORSHAM
WEST SUSSEX
RH13 9LA
ENGLAND
Accountants
Shepherd Accountants Limited
20 Lintot Square
Fairbank Road
Southwater, Horsham
West Sussex
RH13 9LA
CT CARS LTD
Accountants' report
Accountants' report to the board of directors of CT CARS LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
CT CARS LTD for the year ended
31 March 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CT CARS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CT CARS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CT CARS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CT CARS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CT CARS LTD. You consider that CT CARS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CT CARS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Shepherd Accountants Limited
20 Lintot Square
Fairbank Road
Southwater, Horsham
West Sussex
RH13 9LA
8 August 2024
CT CARS LTD
Statement of financial position
as at 31 March 2024
Tangible assets
55,091
36,264
Cash at bank and in hand
357,057
245,573
Creditors: amounts falling due within one year
(141,948)
(110,179)
Net current assets
251,923
181,268
Net assets
307,014
217,532
Called up share capital
100
100
Profit and loss account
306,914
217,432
Shareholders' funds
307,014
217,532
For the year ending 31 March 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 8 August 2024 and were signed on its behalf by
Mr I Whitmore
Director
Company Registration No. 03723951
CT CARS LTD
Notes to the Accounts
for the year ended 31 March 2024
CT CARS LTD is a private company, limited by shares, registered in England and Wales, registration number 03723951. The registered office is C/O SHEPHERD ACCOUNTANTS LIMITED, 20 LINTOT SQUARE, SOUTHWATER, HORSHAM, WEST SUSSEX, RH13 9LA, 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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
93,468
25,950
7,025
12,043
138,486
Additions
3,531
37,648
-
-
41,179
Disposals
-
(21,050)
-
-
(21,050)
At 31 March 2024
96,999
42,548
7,025
12,043
158,615
At 1 April 2023
64,486
19,261
6,772
11,703
102,222
Charge for the year
9,011
8,198
63
85
17,357
On disposals
-
(16,055)
-
-
(16,055)
At 31 March 2024
73,497
11,404
6,835
11,788
103,524
At 31 March 2024
23,502
31,144
190
255
55,091
At 31 March 2023
28,982
6,689
253
340
36,264
CT CARS LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
49,275
42,740
Taxes and social security
61,396
39,345
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).