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Company Registration No. 11504448 (England and Wales)
A1CARSOFCORNWALL. LTD Unaudited accounts for the year ended 31 August 2023
A1CARSOFCORNWALL. LTD Unaudited accounts Contents
Page
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A1CARSOFCORNWALL. LTD Company Information for the year ended 31 August 2023
Director
Trevor Carroll
Company Number
11504448 (England and Wales)
Registered Office
Trevenen Garage Trevenen Helston Cornwall TR13 0ND
Accountants
Laws Books Limited Lukes Cottage Green Lane Mawla Redruth Cornwall TR16 5DW
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A1CARSOFCORNWALL. LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
676 
- 
Current assets
Inventories
325,655 
295,175 
Debtors
50,600 
- 
Cash at bank and in hand
98,041 
31,032 
474,296 
326,207 
Creditors: amounts falling due within one year
(431,965)
(199,577)
Net current assets
42,331 
126,630 
Total assets less current liabilities
43,007 
126,630 
Creditors: amounts falling due after more than one year
(28,706)
(35,700)
Net assets
14,301 
90,930 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
14,297 
90,926 
Shareholders' funds
14,301 
90,930 
For the year ending 31 August 2023 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 director acknowledges his 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 and authorised for issue on 31 August 2024 and were signed on its behalf by
Trevor Carroll Director Company Registration No. 11504448
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A1CARSOFCORNWALL. LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
A1CARSOFCORNWALL. LTD is a private company, limited by shares, registered in England and Wales, registration number 11504448. The registered office is Trevenen Garage, Trevenen, Helston, Cornwall, TR13 0ND.
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:
Computer equipment
33%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2022
- 
Additions
1,009 
At 31 August 2023
1,009 
Depreciation
Charge for the year
333 
At 31 August 2023
333 
Net book value
At 31 August 2023
676 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,201 
- 
Trade debtors
49,399 
- 
50,600 
- 
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A1CARSOFCORNWALL. LTD Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,229 
6,240 
Trade creditors
320,040 
8,100 
Taxes and social security
(17,534)
22,638 
Other creditors
10,504 
11,998 
Loans from directors
111,726 
150,601 
431,965 
199,577 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
28,706 
35,700 
8
Loans to directors
The balance of the loan from Directors to the Company was £111,725 as at 31 August 2023. The loan is interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 8 (2022: 5).
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