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REGISTERED NUMBER: 12573433 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Easy Cars Plymouth Ltd

Easy Cars Plymouth Ltd (Registered number: 12573433)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Easy Cars Plymouth Ltd

COMPANY INFORMATION
for the year ended 31 March 2024







Directors: Mr B Wildman
Mrs S E Burton
Mr D R Burton
Mr T C Burton





Registered office: Abacus House
129 North Hill
Plymouth
Devon
PL4 8JY





Business address: 37 Mary Seacole Road
Millfields
Plymouth
Devon
PL1 3JY





Registered number: 12573433 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Easy Cars Plymouth Ltd (Registered number: 12573433)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,075 808

Current assets
Debtors 5 50,931 15,439
Cash at bank 10,713 279
61,644 15,718
Creditors
Amounts falling due within one year 6 47,846 29,377
Net current assets/(liabilities) 13,798 (13,659 )
Total assets less current liabilities 15,873 (12,851 )

Capital and reserves
Called up share capital 7 100 100
Retained earnings 15,773 (12,951 )
Shareholders' funds 15,873 (12,851 )

Easy Cars Plymouth Ltd (Registered number: 12573433)

BALANCE SHEET - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Mr D R Burton - Director


Easy Cars Plymouth Ltd (Registered number: 12573433)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Easy Cars Plymouth Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business 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.

Going concern
The financial statements have been prepared on the going concern basis. This basis assumes that the company will have sufficient funding to enable it to continue to operate for the foreseeable future with the support of the director, who believes that the going concern basis of preparation remains appropriate in the company's circumstances.

Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes.

Turnover is comprised of two income streams.

Value of services invoiced in the period for the administration of a taxi booking service for its drivers.

Value of commission invoiced in the period for the administration of a taxi booking service for its customers.

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 - 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


Easy Cars Plymouth Ltd (Registered number: 12573433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

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.

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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Easy Cars Plymouth Ltd (Registered number: 12573433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1 April 2023 1,272
Additions 1,536
At 31 March 2024 2,808
Depreciation
At 1 April 2023 464
Charge for year 269
At 31 March 2024 733
Net book value
At 31 March 2024 2,075
At 31 March 2023 808

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,531 15,439
Other debtors 26,400 -
50,931 15,439

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 46,045 18,123
Other creditors 1,801 11,254
47,846 29,377

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

Easy Cars Plymouth Ltd (Registered number: 12573433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed the following by it's directors and shareholders. These amounts are interest free, unsecured and carry no fixed term of repayment.

B Wildman £14,241
D & S Burton £11,922
T Burton £236