PTP Accounts Production v24.3.0.553 12384814 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123848142023-01-31123848142024-01-31123848142023-02-012024-01-31123848142022-06-30123848142022-07-012023-01-31123848142023-01-3112384814ns15:EnglandWales2023-02-012024-01-3112384814ns14:PoundSterling2023-02-012024-01-3112384814ns10:Director12023-02-012024-01-3112384814ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3112384814ns10:SmallEntities2023-02-012024-01-3112384814ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3112384814ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3112384814ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3112384814ns10:FullAccounts2023-02-012024-01-3112384814ns10:CompanySecretary12023-02-012024-01-3112384814ns10:RegisteredOffice2023-02-012024-01-3112384814ns5:CurrentFinancialInstruments2024-01-3112384814ns5:CurrentFinancialInstruments2023-01-3112384814ns5:Non-currentFinancialInstruments2024-01-3112384814ns5:Non-currentFinancialInstruments2023-01-3112384814ns5:ShareCapital2024-01-3112384814ns5:ShareCapital2023-01-3112384814ns5:RetainedEarningsAccumulatedLosses2024-01-3112384814ns5:RetainedEarningsAccumulatedLosses2023-01-3112384814ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3112384814ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: 12384814 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

IA Car Company Ltd

IA Car Company Ltd (Registered number: 12384814)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IA Car Company Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: T Ibrahim





SECRETARY: T Ibrahim





REGISTERED OFFICE: 112a Fletton Avenue
Peterborough
Cambridgeshire
PE2 8BT





REGISTERED NUMBER: 12384814 (England and Wales)





ACCOUNTANTS: Hills Accountants Limited
Greenhill House
First Floor East Wing
Thorpe Road
Peterborough
Cambridgeshire
PE3 6RU

IA Car Company Ltd (Registered number: 12384814)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Stocks 212,008 201,345
Debtors 4 3,273 -
Cash at bank 30,836 19,287
246,117 220,632
CREDITORS
Amounts falling due within one year 5 135,969 138,013
NET CURRENT ASSETS 110,148 82,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,148

82,619

CREDITORS
Amounts falling due after more than one year 6 71,093 37,084
NET ASSETS 39,055 45,535

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 39,053 45,533
39,055 45,535

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

IA Car Company Ltd (Registered number: 12384814)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





T Ibrahim - Director


IA Car Company Ltd (Registered number: 12384814)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

IA Car Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 3,273 -

IA Car Company Ltd (Registered number: 12384814)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 127,219 121,969
Taxation and social security 8,750 12,278
Other creditors - 3,766
135,969 138,013

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 71,093 37,084

7. RELATED PARTY DISCLOSURES

As at 31 January 2024 the company is owed £802 from Mr T Ibrahim (2023-£3,766 to) in respect of his Directors Loan account.