Farnborough Car Care Limited 07408393 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is car repairs. Digita Accounts Production Advanced 6.30.9574.0 true true 07408393 2023-04-01 2024-03-31 07408393 2024-03-31 07408393 bus:OrdinaryShareClass1 2024-03-31 07408393 core:CurrentFinancialInstruments 2024-03-31 07408393 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07408393 core:MotorVehicles 2024-03-31 07408393 core:OtherPropertyPlantEquipment 2024-03-31 07408393 bus:SmallEntities 2023-04-01 2024-03-31 07408393 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07408393 bus:FilletedAccounts 2023-04-01 2024-03-31 07408393 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07408393 bus:RegisteredOffice 2023-04-01 2024-03-31 07408393 bus:Director1 2023-04-01 2024-03-31 07408393 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 07408393 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07408393 core:MotorVehicles 2023-04-01 2024-03-31 07408393 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 07408393 core:PlantMachinery 2023-04-01 2024-03-31 07408393 core:Vehicles 2023-04-01 2024-03-31 07408393 countries:England 2023-04-01 2024-03-31 07408393 2023-03-31 07408393 core:MotorVehicles 2023-03-31 07408393 core:OtherPropertyPlantEquipment 2023-03-31 07408393 2022-04-01 2023-03-31 07408393 2023-03-31 07408393 bus:OrdinaryShareClass1 2023-03-31 07408393 core:CurrentFinancialInstruments 2023-03-31 07408393 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07408393 core:MotorVehicles 2023-03-31 07408393 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07408393

Farnborough Car Care Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Farnborough Car Care Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Farnborough Car Care Limited

Company Information

Director

Mr R C Wilcox

Registered office

1 Cross Street
Farnborough
GU14 6AB

Accountants

Keano Services Limited

 

Farnborough Car Care Limited

(Registration number: 07408393)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

814

1,086

Current assets

 

Debtors

5

9,488

11,251

Cash at bank and in hand

 

1,666

7,591

 

11,154

18,842

Creditors: Amounts falling due within one year

6

(81,841)

(36,195)

Net current liabilities

 

(70,687)

(17,353)

Net liabilities

 

(69,873)

(16,267)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(69,874)

(16,268)

Shareholders' deficit

 

(69,873)

(16,267)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 July 2024
 

.........................................
Mr R C Wilcox
Director

 

Farnborough Car Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Cross Street
Farnborough
GU14 6AB

These financial statements were authorised for issue by the director on 12 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

 

Farnborough Car Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Vehicles

25% reducing balance

Plant and machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Farnborough Car Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 6).

 

Farnborough Car Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

4,770

10,839

15,609

At 31 March 2024

4,770

10,839

15,609

Depreciation

At 1 April 2023

4,568

9,955

14,523

Charge for the year

51

221

272

At 31 March 2024

4,619

10,176

14,795

Carrying amount

At 31 March 2024

151

663

814

At 31 March 2023

202

884

1,086

5

Debtors

Current

2024
£

2023
£

Trade debtors

9,488

8,251

Other debtors

-

3,000

 

9,488

11,251

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

4,299

1,952

Taxation and social security

37,916

30,812

Accruals and deferred income

3,000

3,000

Other creditors

36,626

431

81,841

36,195

 

Farnborough Car Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1