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Company Registration No. 12254582 (England and Wales)
Cr7 Cars Ltd Unaudited accounts for the year ended 31 October 2023
Cr7 Cars Ltd Unaudited accounts Contents
Page
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Cr7 Cars Ltd Company Information for the year ended 31 October 2023
Director
Goher AKHTAR
Company Number
12254582 (England and Wales)
Registered Office
119 Norbury Avenue Thornton Heath CR7 8AN United Kingdom
Accountants
NORMAN ACCOUNTAX LTD 2 Norman Road Thornton Heath Surrey CR7 7ED
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Cr7 Cars Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
763 
943 
Current assets
Inventories
8,850 
6,550 
Cash at bank and in hand
95 
1,433 
8,945 
7,983 
Creditors: amounts falling due within one year
(6,176)
(8,301)
Net current assets/(liabilities)
2,769 
(318)
Net assets
3,532 
625 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,432 
525 
Shareholders' funds
3,532 
625 
For the year ending 31 October 2023 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 director acknowledges his 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 and authorised for issue on 13 March 2024 and were signed on its behalf by
Goher AKHTAR Director Company Registration No. 12254582
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Cr7 Cars Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Cr7 Cars Ltd is a private company, limited by shares, registered in England and Wales, registration number 12254582. The registered office is 119 Norbury Avenue, Thornton Heath, CR7 8AN, United Kingdom.
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 year, 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.
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:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
1,150 
At 31 October 2023
1,150 
Depreciation
At 1 November 2022
207 
Charge for the year
180 
At 31 October 2023
387 
Net book value
At 31 October 2023
763 
At 31 October 2022
943 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
724 
- 
Loans from directors
5,452 
8,301 
6,176 
8,301 
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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