ANCOATS CAR SALES LIMITED

Company Registration Number:
09278261 (England and Wales)

Unaudited abridged accounts for the year ended 25 October 2023

Period of accounts

Start date: 26 October 2022

End date: 25 October 2023

ANCOATS CAR SALES LIMITED

Contents of the Financial Statements

for the Period Ended 25 October 2023

Balance sheet
Notes

ANCOATS CAR SALES LIMITED

Balance sheet

As at 25 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 160,157 67,868
Total fixed assets: 160,157 67,868
Current assets
Stocks: 1,843,376 1,665,740
Debtors:   28,407 22,193
Cash at bank and in hand: 31,039 113,580
Total current assets: 1,902,822 1,801,513
Creditors: amounts falling due within one year:   (1,319,051) (1,240,619)
Net current assets (liabilities): 583,771 560,894
Total assets less current liabilities: 743,928 628,762
Creditors: amounts falling due after more than one year:   (34,515) (65,004)
Provision for liabilities: (30,430) (12,895)
Total net assets (liabilities): 678,983 550,863
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 678,982 550,862
Shareholders funds: 678,983 550,863

The notes form part of these financial statements

ANCOATS CAR SALES LIMITED

Balance sheet statements

For the year ending 25 October 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 August 2024
and signed on behalf of the board by:

Name: Umoru Adamu
Status: Director

The notes form part of these financial statements

ANCOATS CAR SALES LIMITED

Notes to the Financial Statements

for the Period Ended 25 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ANCOATS CAR SALES LIMITED

Notes to the Financial Statements

for the Period Ended 25 October 2023

2. Employees

2023 2022
Average number of employees during the period 14 12

ANCOATS CAR SALES LIMITED

Notes to the Financial Statements

for the Period Ended 25 October 2023

3. Tangible Assets

Total
Cost £
At 26 October 2022 132,605
Additions 147,772
At 25 October 2023 280,377
Depreciation
At 26 October 2022 64,737
Charge for year 55,483
At 25 October 2023 120,220
Net book value
At 25 October 2023 160,157
At 25 October 2022 67,868