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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
Page
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CT CARS LTD Company Information for the year ended 31 March 2024
Directors
Mr I Whitmore Mrs A Whitmore
Secretary
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
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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
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CT CARS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,091 
36,264 
Current assets
Inventories
33,213 
22,521 
Debtors
3,601 
23,353 
Cash at bank and in hand
357,057 
245,573 
393,871 
291,447 
Creditors: amounts falling due within one year
(141,948)
(110,179)
Net current assets
251,923 
181,268 
Net assets
307,014 
217,532 
Capital and reserves
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
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CT CARS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 March 2024
23,502 
31,144 
190 
255 
55,091 
At 31 March 2023
28,982 
6,689 
253 
340 
36,264 
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CT CARS LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,601 
3,447 
Other debtors
- 
19,906 
3,601 
23,353 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
31,277 
28,094 
Trade creditors
49,275 
42,740 
Taxes and social security
61,396 
39,345 
141,948 
110,179 
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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