Company Registration No. 6816620 (England and Wales)
Metro Cars North West Limited
Unaudited accounts
for the year ended 31 March 2024
Metro Cars North West Limited
Unaudited accounts
Contents
Metro Cars North West Limited
Company Information
for the year ended 31 March 2024
Company Number
6816620 (England and Wales)
Registered Office
Metro House
Tonge Moor Road
Bolton
BL2 2HT
England
Accountants
Xeinadin Group
Regent House
Folds Road
Bolton
BL1 2RZ
Metro Cars North West Limited
Statement of financial position
as at 31 March 2024
Tangible assets
12,784
102,819
Investment property
173,250
173,250
Investments
150,198
150,198
Cash at bank and in hand
711,680
532,399
Creditors: amounts falling due within one year
(135,508)
(72,289)
Net current assets
648,538
511,834
Total assets less current liabilities
984,770
938,101
Provisions for liabilities
Net assets
984,770
933,761
Called up share capital
100
100
Profit and loss account
984,670
933,661
Shareholders' funds
984,770
933,761
For the year ending 31 March 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 18 September 2024 and were signed on its behalf by
Nicholas Astley
Director
Company Registration No. 6816620
Metro Cars North West Limited
Notes to the Accounts
for the year ended 31 March 2024
Metro Cars North West Limited is a private company, limited by shares, registered in England and Wales, registration number 6816620. The registered office is Metro House, Tonge Moor Road, Bolton, BL2 2HT, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill - 10% Straight Line Method
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:
Land & buildings
No depreciation
Plant & machinery
15% Reducing balance method
Fixtures & fittings
15% Reducing balance method
4
Intangible fixed assets
Total
Metro Cars North West Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Total
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 23 (2023: 23).