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REGISTERED NUMBER: 05352063 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EUROPEAN CAR CENTRE LIMITED

EUROPEAN CAR CENTRE LIMITED (REGISTERED NUMBER: 05352063)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EUROPEAN CAR CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T Mumtaz
Mrs I Kauser





REGISTERED OFFICE: 27 St Cuthberts Street
Bedford
Bedfordshire
MK40 3JG





REGISTERED NUMBER: 05352063 (England and Wales)





ACCOUNTANTS: Digital Tax Matters Limited
27 St Cuthberts Street
Bedford
MK40 3JG

EUROPEAN CAR CENTRE LIMITED (REGISTERED NUMBER: 05352063)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,170 77,677

CURRENT ASSETS
Stocks 1,043 725
Debtors 5 107,314 54,466
Cash at bank and in hand 1,146 3,955
109,503 59,146
CREDITORS
Amounts falling due within one year 6 99,662 102,304
NET CURRENT ASSETS/(LIABILITIES) 9,841 (43,158 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,011

34,519

CREDITORS
Amounts falling due after more than one
year

7

22,879

34,071
NET ASSETS 56,132 448

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,032 348
SHAREHOLDERS' FUNDS 56,132 448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

EUROPEAN CAR CENTRE LIMITED (REGISTERED NUMBER: 05352063)

BALANCE SHEET - continued
31 DECEMBER 2023


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 25 March 2024 and were signed on its behalf by:




T Mumtaz - Director



Mrs I Kauser - Director


EUROPEAN CAR CENTRE LIMITED (REGISTERED NUMBER: 05352063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

European Car Centre 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.

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 - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

EUROPEAN CAR CENTRE LIMITED (REGISTERED NUMBER: 05352063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 157,691 11,572 2,500 7,305 179,068
DEPRECIATION
At 1 January 2023 84,932 8,135 2,166 6,158 101,391
Charge for year 7,276 860 84 287 8,507
At 31 December 2023 92,208 8,995 2,250 6,445 109,898
NET BOOK VALUE
At 31 December 2023 65,483 2,577 250 860 69,170
At 31 December 2022 72,759 3,437 334 1,147 77,677

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 61,277 14,681
Amounts owed by participating interests 40,086 39,785
Other debtors 5,951 -
107,314 54,466

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 49,389 43,330
Amounts owed to participating interests 40,554 -
Taxation and social security 9,005 57,640
Other creditors 714 1,334
99,662 102,304

EUROPEAN CAR CENTRE LIMITED (REGISTERED NUMBER: 05352063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 22,879 34,071