CROWN CARS SOLIHULL LTD

Company Registration Number:
07118078 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

CROWN CARS SOLIHULL LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

CROWN CARS SOLIHULL LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 34,168 73,501
Tangible assets: 4 10,912 24,795
Investments: 5 750,000 625,000
Total fixed assets: 795,080 723,296
Current assets
Debtors:   77,391 101,003
Cash at bank and in hand: 55,123 77,708
Total current assets: 132,514 178,711
Creditors: amounts falling due within one year:   (32,490) (105,807)
Net current assets (liabilities): 100,024 72,904
Total assets less current liabilities: 895,104 796,200
Creditors: amounts falling due after more than one year:   (138,335) (74,335)
Total net assets (liabilities): 756,769 721,865
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 756,669 721,765
Shareholders funds: 756,769 721,865

The notes form part of these financial statements

CROWN CARS SOLIHULL LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 October 2024
and signed on behalf of the board by:

Name: AKHTAR ALI
Status: Director

The notes form part of these financial statements

CROWN CARS SOLIHULL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CROWN CARS SOLIHULL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 13 11

CROWN CARS SOLIHULL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible Assets

Total
Cost £
At 01 June 2023 590,000
At 31 May 2024 590,000
Amortisation
At 01 June 2023 516,499
Charge for year 39,333
At 31 May 2024 555,832
Net book value
At 31 May 2024 34,168
At 31 May 2023 73,501

CROWN CARS SOLIHULL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 449,237
At 31 May 2024 449,237
Depreciation
At 01 June 2023 424,442
Charge for year 13,883
At 31 May 2024 438,325
Net book value
At 31 May 2024 10,912
At 31 May 2023 24,795

CROWN CARS SOLIHULL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Fixed investments

Additional investments of £125000 made to generate an increase in income