Company Registration No. 05577066 (England and Wales)
Custom Cars and Commercials Limited
Unaudited accounts
for the period from 1 October 2023 to 31 July 2024
Custom Cars and Commercials Limited
Unaudited accounts
Contents
Custom Cars and Commercials Limited
Company Information
for the period from 1 October 2023 to 31 July 2024
Directors
Jason Roberts
Lisa Roberts
Company Number
05577066 (England and Wales)
Registered Office
26 Paxhill Lane
Twyning
Tewkesbury
Gloucestershire
GL20 6DU
UK
Accountants
MAB Accountancy Hub Ltd
82 Station Road
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8HJ
Custom Cars and Commercials Limited
Statement of financial position
as at 31 July 2024
Tangible assets
2,966
3,392
Cash at bank and in hand
17,442
48,821
Creditors: amounts falling due within one year
(22,827)
(24,770)
Net current (liabilities)/assets
(2,961)
27,468
Called up share capital
3
3
Profit and loss account
2
30,857
Shareholders' funds
5
30,860
For the period ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by
Lisa Roberts
Director
Company Registration No. 05577066
Custom Cars and Commercials Limited
Notes to the Accounts
for the period from 1 October 2023 to 31 July 2024
Custom Cars and Commercials Limited is a private company, limited by shares, registered in England and Wales, registration number 05577066. The registered office is 26 Paxhill Lane, Twyning, Tewkesbury, Gloucestershire, GL20 6DU, UK. The company is in the process of being wound up.
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 period, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
5 Years
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
1,532
2,756
4,288
At 31 July 2024
1,532
3,011
4,543
At 1 October 2023
412
484
896
Charge for the period
187
494
681
At 31 July 2024
599
978
1,577
At 31 July 2024
933
2,033
2,966
At 30 September 2023
1,120
2,272
3,392
Custom Cars and Commercials Limited
Notes to the Accounts
for the period from 1 October 2023 to 31 July 2024
Amounts falling due within one year
Accrued income and prepayments
-
405
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,147
2,098
Taxes and social security
8,334
13,321
Loans from directors
5,451
105
7
Average number of employees
During the period the average number of employees was 2 (2023: 2).