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Registered Number: 10489083


 

 

 

N K CARS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts N K CARS LIMITED for the year ended 30 November 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of N K CARS LIMITED for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of N K CARS LIMITED , as a body, in accordance with the terms of our engagement letter dated 31 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of N K CARS LIMITED and state those matters that we have agreed to state to the Board of Directors of N K CARS LIMITED, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N K CARS LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that N K CARS LIMITED 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 N K CARS LIMITED. You consider that N K CARS LIMITED 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 N K CARS LIMITED. 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.



....................................................
Advantax Accountant Uxbridge
Advantax Accountants

Suite 546, The Atrium
1 Harefield Road
Uxbridge
Middlesex
UB8 1EX
31 August 2024
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Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 80,724    98,062 
80,724    98,062 
Current assets      
Debtors: amounts falling due within one year 84,683    78,650 
Cash at bank and in hand (33,401)   (35,689)
51,282    42,961 
Creditors: amount falling due within one year (56,549)   (62,317)
Net current assets (5,267)   (19,356)
 
Total assets less current liabilities 75,457    78,706 
Creditors: amount falling due after more than one year (23,889)   (23,889)
Net assets 51,568    54,817 
 

Capital and reserves
     
Profit and loss account 51,568    54,817 
Shareholders' funds 51,568    54,817 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 31 August 2024 and were signed by:


-------------------------------
Nayeb Khan
Director
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General Information
N K CARS LIMITED is a private company, limited by shares, registered in , registration number 10489083, registration address 142 Redwood Estate, Hounslow, TW5 9PP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 December 2022 204,219    204,219 
Additions 10,881    10,881 
Disposals  
At 30 November 2023 215,100    215,100 
Depreciation
At 01 December 2022 106,157    106,157 
Charge for year 28,219    28,219 
On disposals  
At 30 November 2023 134,376    134,376 
Net book values
Closing balance as at 30 November 2023 80,724    80,724 
Opening balance as at 01 December 2022 98,062    98,062 


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