1 February 2023 v2024.52.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalseNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP099739232023-02-012024-01-31099739232024-01-31099739232023-01-3109973923core:WithinOneYear2024-01-3109973923core:WithinOneYear2023-01-3109973923core:ShareCapital2024-01-3109973923core:ShareCapital2023-01-3109973923core:RetainedEarningsAccumulatedLosses2024-01-3109973923core:RetainedEarningsAccumulatedLosses2023-01-3109973923bus:Director12023-02-012024-01-3109973923bus:RegisteredOffice2023-02-012024-01-3109973923core:MotorVehicles2023-02-012024-01-31099739232022-02-012023-01-3109973923core:PlantMachinery2023-02-0109973923core:PlantMachinery2023-02-012024-01-3109973923core:PlantMachinery2024-01-3109973923core:PlantMachinery2023-01-3109973923countries:EnglandWales2023-02-012024-01-3109973923bus:AuditExemptWithAccountantsReport2023-02-012024-01-3109973923bus:PrivateLimitedCompanyLtd2023-02-012024-01-3109973923bus:SmallEntities2023-02-012024-01-3109973923bus:FullAccounts2023-02-012024-01-31
Company registration number:
09973923
Beeline And Century Cars Ltd
Unaudited Filleted Financial Statements for the year ended
31 January 2024
Beeline And Century Cars Ltd
Statement of Financial Position
31 January 2024
20242023
Note££
Fixed assets    
Tangible assets 5
94,963
 
3,590
 
Current assets    
Cash at bank and in hand
12,868
 
103,649
 
Creditors: amounts falling due within one year 6
(58,071
)
(60,423
)
Net current (liabilities)/assets
(45,203
)
43,226
 
Total assets less current liabilities 49,760   46,816  
Capital and reserves    
Called up share capital
1,000
 
1,000
 
Profit and loss account
48,760
 
45,816
 
Shareholders funds
49,760
 
46,816
 
For the year ending
31 January 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
18 October 2024
, and are signed on behalf of the board by:
K Rashidi
Director
Company registration number:
09973923
Beeline And Century Cars Ltd
Notes to the Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Regus
,
79 College Road
,
Harrow
,
HA1 1BD
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
20% Reducing Balance Bases

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2023
8,766
 
Additions
115,114
 
At
31 January 2024
123,880
 
Depreciation  
At
1 February 2023
5,176
 
Charge
23,741
 
At
31 January 2024
28,917
 
Carrying amount  
At
31 January 2024
94,963
 
At 31 January 2023
3,590
 

6 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
40,878
 
46,204
 
Taxation and social security
13,148
 
11,703
 
Other creditors
4,045
 
2,516
 
58,071
 
60,423