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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
Page
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Custom Cars and Commercials Limited Company Information for the period from 1 October 2023 to 31 July 2024
Directors
Jason Roberts Lisa Roberts
Secretary
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
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Custom Cars and Commercials Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,966 
3,392 
Current assets
Inventories
750 
750 
Debtors
1,674 
2,667 
Cash at bank and in hand
17,442 
48,821 
19,866 
52,238 
Creditors: amounts falling due within one year
(22,827)
(24,770)
Net current (liabilities)/assets
(2,961)
27,468 
Net assets
5 
30,860 
Capital and reserves
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
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Custom Cars and Commercials Limited Notes to the Accounts for the period from 1 October 2023 to 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
5 Years
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 
Additions
- 
255 
255 
At 31 July 2024
1,532 
3,011 
4,543 
Depreciation
At 1 October 2023
412 
484 
896 
Charge for the period
187 
494 
681 
At 31 July 2024
599 
978 
1,577 
Net book value
At 31 July 2024
933 
2,033 
2,966 
At 30 September 2023
1,120 
2,272 
3,392 
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Custom Cars and Commercials Limited Notes to the Accounts for the period from 1 October 2023 to 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,674 
2,262 
Accrued income and prepayments
- 
405 
1,674 
2,667 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,533 
7,560 
Trade creditors
3,147 
2,098 
Taxes and social security
8,334 
13,321 
Loans from directors
5,451 
105 
Accruals
362 
1,686 
22,827 
24,770 
7
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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