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REGISTERED NUMBER: 13219855 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

OURCAR LTD

OURCAR LTD (REGISTERED NUMBER: 13219855)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OURCAR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: M A Chester
J M Seaton
S J Twidale
C Marshall
Mrs A M Marshall





REGISTERED OFFICE: 23 Chantry Lane
Grimsby
N E Lincolnshire
DN31 2LP





REGISTERED NUMBER: 13219855 (England and Wales)





ACCOUNTANTS: D Flynn Associates Limited
Chartered Certified Accountants
and Business Advisors
23 Chantry Lane
Grimsby
N E Lincolnshire
DN31 2LP

OURCAR LTD (REGISTERED NUMBER: 13219855)

BALANCE SHEET
28 FEBRUARY 2024

28.2.23 28.2.24
£    £    Notes £    £   
FIXED ASSETS
54,987 Tangible assets 4 246,412
50 Investments 5 100
55,037 246,512

CURRENT ASSETS
346,142 Stocks 379,039
83,178 Debtors 6 59,726
127,363 Cash at bank 39,917
556,683 478,682
CREDITORS
484,913 Amounts falling due within one year 7 702,494
71,770 NET CURRENT (LIABILITIES)/ASSETS (223,812 )
126,807 TOTAL ASSETS LESS CURRENT
LIABILITIES

22,700

CREDITORS
(22,681 ) Amounts falling due after more than one year 8 (17,226 )

(10,447 ) PROVISIONS FOR LIABILITIES (24,488 )
93,679 NET (LIABILITIES)/ASSETS (19,014 )

CAPITAL AND RESERVES
125 Called up share capital 125
93,554 Retained earnings (19,139 )
93,679 (19,014 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OURCAR LTD (REGISTERED NUMBER: 13219855)

BALANCE SHEET - continued
28 FEBRUARY 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





S J Twidale - Director


OURCAR LTD (REGISTERED NUMBER: 13219855)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

Ourcar Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

OURCAR LTD (REGISTERED NUMBER: 13219855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1 March 2023 58,557 - 58,557
Additions 252,008 148,459 103,549
Disposals (57,487 ) - (57,487 )
At 28 February 2024 253,078 148,459 104,619
DEPRECIATION
At 1 March 2023 3,570 - 3,570
Charge for year 6,462 - 6,462
Eliminated on disposal (3,366 ) - (3,366 )
At 28 February 2024 6,666 - 6,666
NET BOOK VALUE
At 28 February 2024 246,412 148,459 97,953
At 28 February 2023 54,987 - 54,987

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023 50
Additions 50
At 28 February 2024 100
NET BOOK VALUE
At 28 February 2024 100
At 28 February 2023 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 6,152 56,670
Other debtors 53,574 26,508
59,726 83,178

OURCAR LTD (REGISTERED NUMBER: 13219855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Hire purchase contracts 5,453 5,450
Trade creditors 226,776 100,428
Taxation and social security 8,569 11,005
Other creditors 461,696 368,030
702,494 484,913

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Hire purchase contracts 17,226 22,681