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REGISTERED NUMBER: 11591371 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

RENT2BUYYOURCAR.COM (WOLVERHAMPTON) LTD

RENT2BUYYOURCAR.COM (WOLVERHAMPTON) LTD (REGISTERED NUMBER: 11591371)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RENT2BUYYOURCAR.COM (WOLVERHAMPTON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Ms G V Quintyne





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 11591371 (England and Wales)

RENT2BUYYOURCAR.COM (WOLVERHAMPTON) LTD (REGISTERED NUMBER: 11591371)

BALANCE SHEET
30 SEPTEMBER 2023

30/9/23 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 4,800
Tangible assets 5 1,791 1,990
6,291 6,790

CURRENT ASSETS
Stocks 6 32,496 35,458
Cash at bank 199 902
32,695 36,360
CREDITORS
Amounts falling due within one year 7 33,417 28,916
NET CURRENT (LIABILITIES)/ASSETS (722 ) 7,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,569

14,234

CREDITORS
Amounts falling due after more than one
year

8

27,171

36,720
NET LIABILITIES (21,602 ) (22,486 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 (21,603 ) (22,487 )
SHAREHOLDERS' FUNDS (21,602 ) (22,486 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

RENT2BUYYOURCAR.COM (WOLVERHAMPTON) LTD (REGISTERED NUMBER: 11591371)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 2 October 2023 and were signed by:





Ms G V Quintyne - Director


RENT2BUYYOURCAR.COM (WOLVERHAMPTON) LTD (REGISTERED NUMBER: 11591371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Rent2buyyourcar.com (Wolverhampton) Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

RENT2BUYYOURCAR.COM (WOLVERHAMPTON) LTD (REGISTERED NUMBER: 11591371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 October 2022
and 30 September 2023 6,000
AMORTISATION
At 1 October 2022 1,200
Amortisation for year 300
At 30 September 2023 1,500
NET BOOK VALUE
At 30 September 2023 4,500
At 30 September 2022 4,800

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2022
and 30 September 2023 3,035
DEPRECIATION
At 1 October 2022 1,045
Charge for year 199
At 30 September 2023 1,244
NET BOOK VALUE
At 30 September 2023 1,791
At 30 September 2022 1,990

6. STOCKS
30/9/23 30/9/22
£    £   
Stocks 32,496 35,458

RENT2BUYYOURCAR.COM (WOLVERHAMPTON) LTD (REGISTERED NUMBER: 11591371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade creditors 1,619 1,380
Tax 1,072 1,072
Social security and other taxes 496 496
Directors' current accounts 28,850 24,588
Accrued expenses 1,380 1,380
33,417 28,916

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/23 30/9/22
£    £   
Bank loans (see note 9) 27,171 36,720

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan 27,171 36,720

9. LOANS

An analysis of the maturity of loans is given below:

30/9/23 30/9/22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bounce Back Loan 27,171 36,720

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/23 30/9/22
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 October 2022 (22,487 )
Profit for the year 884
At 30 September 2023 (21,603 )