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REGISTERED NUMBER: 06726355 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Eclipse Car Sales Limited

Eclipse Car Sales Limited (Registered number: 06726355)






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


Eclipse Car Sales Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R C Bendy
Mrs C D Bendy





SECRETARY: Mrs C D Bendy





REGISTERED OFFICE: 89 Main Road Colden Common
Winchester
Hampshire
SO21 1RP





REGISTERED NUMBER: 06726355 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Eclipse Car Sales Limited (Registered number: 06726355)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,938 101,807

CURRENT ASSETS
Stocks 1,776,933 1,669,575
Debtors 5 99,653 77,024
Cash at bank 7 117,015
1,876,593 1,863,614
CREDITORS
Amounts falling due within one year 6 1,160,779 1,117,147
NET CURRENT ASSETS 715,814 746,467
TOTAL ASSETS LESS CURRENT LIABILITIES 874,752 848,274

CREDITORS
Amounts falling due after more than one
year

7

(749,375

)

(691,730

)

PROVISIONS FOR LIABILITIES (18,104 ) (11,231 )
NET ASSETS 107,273 145,313

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,173 145,213
SHAREHOLDERS' FUNDS 107,273 145,313

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.

Eclipse Car Sales Limited (Registered number: 06726355)

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 13 September 2024 and were signed on its behalf by:





R C Bendy - Director


Eclipse Car Sales Limited (Registered number: 06726355)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Eclipse Car Sales 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.
Short leasehold - 25% on cost
Plant & machinery - 20% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on 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.


Eclipse Car Sales Limited (Registered number: 06726355)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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.

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 9 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Short Plant & Fixtures
leasehold machinery & fittings
£    £    £   
COST
At 1 January 2023 75,987 45,238 47,946
Additions 62,464 18,155 2,034
At 31 December 2023 138,451 63,393 49,980
DEPRECIATION
At 1 January 2023 33,291 26,628 29,044
Charge for year 18,638 5,415 2,919
At 31 December 2023 51,929 32,043 31,963
NET BOOK VALUE
At 31 December 2023 86,522 31,350 18,017
At 31 December 2022 42,696 18,610 18,902

Eclipse Car Sales Limited (Registered number: 06726355)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 29,154 22,342 220,667
Additions - 9,852 92,505
At 31 December 2023 29,154 32,194 313,172
DEPRECIATION
At 1 January 2023 12,828 17,069 118,860
Charge for year 3,265 5,137 35,374
At 31 December 2023 16,093 22,206 154,234
NET BOOK VALUE
At 31 December 2023 13,061 9,988 158,938
At 31 December 2022 16,326 5,273 101,807

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 60,325 38,750
Amounts owed by group undertakings 13,022 13,022
Other debtors 26,306 25,252
99,653 77,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 313,007 194,833
Hire purchase contracts (see note 8) 3,333 3,333
Trade creditors 244,366 152,040
Taxation and social security 61,267 105,448
Other creditors 538,806 661,493
1,160,779 1,117,147

Eclipse Car Sales Limited (Registered number: 06726355)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 296,875 471,708
Hire purchase contracts (see note 8) 2,500 5,833
Other creditors 450,000 214,189
749,375 691,730

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 14,583

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 3,333 3,333
Between one and five years 2,500 5,833
5,833 9,166

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 3,900 3,467
Between one and five years - 2,132
3,900 5,599

Eclipse Car Sales Limited (Registered number: 06726355)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdraft 142,174 -
Bank loans 467,708 666,541
Other loans 23,190 87,120
Other creditors 499,629 560,112
1,132,701 1,313,773

The bank borrowings are secured by a debenture over the assets in the company.

£499,629 (2022 - £560,112 of the other creditors are secured on the stock of the company.