Registered number
08209434
Licensed Cars Limited
Filleted Accounts
30 September 2023
Licensed Cars Limited
Registered number: 08209434
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 5 2,000 3,000
Current assets
Cash at bank and in hand 8,134 2,169
Creditors: amounts falling due within one year 6 (43,379) (25,391)
Net current liabilities (35,245) (23,222)
Total assets less current liabilities (33,245) (20,222)
Creditors: amounts falling due after more than one year 7 (16,964) (31,791)
Net liabilities (50,209) (52,013)
Capital and reserves
Called up share capital 2 2
Profit and loss account (50,211) (52,015)
Shareholder's funds (50,209) (52,013)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sohail Alonso-Zandari
Director
Approved by the board on 18 September 2024
Licensed Cars Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 3
3 Operating profit 2023 2022
£ £
This is stated after charging:
Depreciation - 674
4 Interest payable 2023 2022
£ £
Interest payable 1,109 751
5 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2022 10,000
At 30 September 2023 10,000
Amortisation
At 1 October 2022 7,000
Provided during the year 1,000
At 30 September 2023 8,000
Net book value
At 30 September 2023 2,000
At 30 September 2022 3,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 6,234
Taxation and social security costs - 22,155
Other creditors 43,379 (2,998)
43,379 25,391
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,964 31,791
8 Other information
Licensed Cars Limited is a private company limited by shares and incorporated in England. Its registered office is:
296 Old Kent Road
Peckham
London
SE1 5UE
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