Company Registration No. 09400306 (England and Wales)
M/Y CARZ LTD
Unaudited accounts
for the year ended 31 January 2024
M/Y CARZ LTD
Unaudited accounts
Contents
M/Y CARZ LTD
Company Information
for the year ended 31 January 2024
Company Number
09400306 (England and Wales)
Registered Office
267 CITY ROAD
SHEFFIELD
S2 5HG
Accountants
AK ACCOUNTANTS
562-564 MANCHESTER ROAD
BRADFORD
WEST YORKSHIRE
BD5 7LR
M/Y CARZ LTD
Statement of financial position
as at 31 January 2024
Tangible assets
69,259
87,978
Cash at bank and in hand
8,360
948
Creditors: amounts falling due within one year
(39,460)
(61,946)
Net current liabilities
(31,100)
(60,998)
Total assets less current liabilities
38,159
26,980
Creditors: amounts falling due after more than one year
(18,244)
(20,719)
Profit and loss account
19,915
6,261
Shareholders' funds
19,915
6,261
For the year ending 31 January 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.
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 20 September 2024 and were signed on its behalf by
SHAHID YOUSAF
Director
Company Registration No. 09400306
M/Y CARZ LTD
Notes to the Accounts
for the year ended 31 January 2024
M/Y CARZ LTD is a private company, limited by shares, registered in England and Wales, registration number 09400306. The registered office is 267 CITY ROAD, SHEFFIELD, S2 5HG.
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.
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:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
154,580
485
155,065
Disposals
(65,452)
-
(65,452)
At 31 January 2024
114,127
485
114,612
At 1 February 2023
66,769
318
67,087
Charge for the year
17,281
33
17,314
On disposals
(39,048)
-
(39,048)
At 31 January 2024
45,002
351
45,353
At 31 January 2024
69,125
134
69,259
At 31 January 2023
87,811
167
87,978
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,232
1,510
Loans from directors
36,208
59,586
M/Y CARZ LTD
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).