IRIS Accounts Production v24.1.4.33 10397985 director 30.9.22 29.9.23 29.9.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103979852022-09-29103979852023-09-29103979852022-09-302023-09-29103979852021-09-30103979852021-10-012022-09-29103979852022-09-2910397985ns15:EnglandWales2022-09-302023-09-2910397985ns14:PoundSterling2022-09-302023-09-2910397985ns10:Director12022-09-302023-09-2910397985ns10:PrivateLimitedCompanyLtd2022-09-302023-09-2910397985ns10:SmallEntities2022-09-302023-09-2910397985ns10:AuditExempt-NoAccountantsReport2022-09-302023-09-2910397985ns10:SmallCompaniesRegimeForDirectorsReport2022-09-302023-09-2910397985ns10:SmallCompaniesRegimeForAccounts2022-09-302023-09-2910397985ns10:FullAccounts2022-09-302023-09-2910397985ns10:RegisteredOffice2022-09-302023-09-2910397985ns5:CurrentFinancialInstruments2023-09-2910397985ns5:CurrentFinancialInstruments2022-09-2910397985ns5:Non-currentFinancialInstruments2023-09-2910397985ns5:Non-currentFinancialInstruments2022-09-2910397985ns5:ShareCapital2023-09-2910397985ns5:ShareCapital2022-09-2910397985ns5:RetainedEarningsAccumulatedLosses2023-09-2910397985ns5:RetainedEarningsAccumulatedLosses2022-09-2910397985ns5:PlantMachinery2022-09-302023-09-2910397985ns5:ComputerEquipment2022-09-302023-09-2910397985ns5:PlantMachinery2022-09-2910397985ns5:ComputerEquipment2022-09-2910397985ns5:PlantMachinery2023-09-2910397985ns5:ComputerEquipment2023-09-2910397985ns5:PlantMachinery2022-09-2910397985ns5:ComputerEquipment2022-09-2910397985ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-2910397985ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-2910397985ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-09-2910397985ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-09-2910397985ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-2910397985ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-09-2910397985ns5:RetainedEarningsAccumulatedLosses2022-09-2910397985ns5:RetainedEarningsAccumulatedLosses2022-09-302023-09-29103979851ns10:Director12022-09-29103979851ns10:Director12021-09-30103979851ns10:Director12022-09-302023-09-29103979851ns10:Director12021-10-012022-09-29103979851ns10:Director12023-09-29103979851ns10:Director12022-09-29
REGISTERED NUMBER: 10397985 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2023

FOR

CAR-NEGOTIATOR LIMITED

CAR-NEGOTIATOR LIMITED (REGISTERED NUMBER: 10397985)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAR-NEGOTIATOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 SEPTEMBER 2023







DIRECTOR: P Singh





REGISTERED OFFICE: 6-8 Chapel Lane
Branton
Doncaster
South Yorkshire
DN3 3NG





REGISTERED NUMBER: 10397985 (England and Wales)





ACCOUNTANTS: A Wigglesworth And Company Ltd
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

CAR-NEGOTIATOR LIMITED (REGISTERED NUMBER: 10397985)

BALANCE SHEET
29 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,867 4,344
Investment property 5 130,000 84,430
134,867 88,774

CURRENT ASSETS
Stocks 372,187 278,504
Debtors 6 608,701 11,693
Cash at bank 100 18,853
980,988 309,050
CREDITORS
Amounts falling due within one year 7 212,986 157,377
NET CURRENT ASSETS 768,002 151,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

902,869

240,447

CREDITORS
Amounts falling due after more than one
year

8

(17,626

)

(27,626

)

PROVISIONS FOR LIABILITIES (1,217 ) (740 )
NET ASSETS 884,026 212,081

CAR-NEGOTIATOR LIMITED (REGISTERED NUMBER: 10397985)

BALANCE SHEET - continued
29 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 9 883,526 211,581
884,026 212,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 9 September 2024 and were signed by:





P Singh - Director


CAR-NEGOTIATOR LIMITED (REGISTERED NUMBER: 10397985)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023

1. STATUTORY INFORMATION

Car-Negotiator Limited 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 as modified by the revaluation of certain assets.

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 - 20% on cost
Office equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


CAR-NEGOTIATOR LIMITED (REGISTERED NUMBER: 10397985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 30 September 2022 2,000 5,135 7,135
Additions 180 2,632 2,812
At 29 September 2023 2,180 7,767 9,947
DEPRECIATION
At 30 September 2022 800 1,991 2,791
Charge for year 433 1,856 2,289
At 29 September 2023 1,233 3,847 5,080
NET BOOK VALUE
At 29 September 2023 947 3,920 4,867
At 29 September 2022 1,200 3,144 4,344

CAR-NEGOTIATOR LIMITED (REGISTERED NUMBER: 10397985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 September 2022 84,430
Revaluations 45,570
At 29 September 2023 130,000
NET BOOK VALUE
At 29 September 2023 130,000
At 29 September 2022 84,430

Fair value at 29 September 2023 is represented by:
£   
Valuation in 2024 45,570
Cost 84,430
130,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 84,430 -

Investment property was valued on an open market basis on 29 September 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 669 8,106
Tax 3,207 3,207
Prepayments 604,825 380
608,701 11,693

CAR-NEGOTIATOR LIMITED (REGISTERED NUMBER: 10397985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,890 10,000
Trade creditors 13,955 4,178
Tax 96,937 84,795
Social security and other taxes 6,730 3,491
VAT 61,973 51,002
Accrued expenses 2,501 3,911
212,986 157,377

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 7,626 17,626
17,626 27,626

9. RESERVES
Retained
earnings
£   

At 30 September 2022 211,581
Profit for the year 693,945
Dividends (22,000 )
At 29 September 2023 883,526

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 29 September 2023 and the period ended 29 September 2022:

2023 2022
£    £   
P Singh
Balance outstanding at start of year - 22,947
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -