Registered number
14611972
BEST AUTO CARE LIMITED
Filleted Accounts
31 January 2024
BEST AUTO CARE LIMITED
Registered number: 14611972
Balance Sheet
as at 31 January 2024
Notes 2024
£
Fixed assets
Tangible assets 3 4,187
Current assets
Debtors 4 37,061
Cash at bank and in hand 6,292
43,353
Creditors: amounts falling due within one year 5 (47,014)
Net current liabilities (3,661)
Net assets 526
Capital and reserves
Called up share capital 100
Profit and loss account 426
Shareholders' funds 526
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Erman Erzin
Director
Approved by the board on 21 November 2024
BEST AUTO CARE LIMITED
Notes to the Accounts
for the period from 23 January 2023 to 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery and Fixtures over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease for Coummercial Building for 10 years is classified as operating leases. Leased assets are expensed in accordance with the company's policy. Theleased asset payments are recognised as an expense on a straight line basis over the lease term of 10 years.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 5,234
At 31 January 2024 5,234
Depreciation
Charge for the period 1,047
At 31 January 2024 1,047
Net book value
At 31 January 2024 4,187
4 Debtors 2024
£
Other debtors-Lease 37,061
5 Creditors: amounts falling due within one year 2024
£
Trade creditors 3,092
Taxation and social security costs 232
Other creditors 43,690
47,014
6 Other information
BEST AUTO CARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1C
SHRUBBEURY
London
N9 0PA
BEST AUTO CARE LIMITED 14611972 false 2023-01-23 2024-01-31 2024-01-31 VT Final Accounts April 2024 Erman Erzin No description of principal activity 14611972 2023-01-23 2024-01-31 14611972 bus:PrivateLimitedCompanyLtd 2023-01-23 2024-01-31 14611972 bus:AuditExemptWithAccountantsReport 2023-01-23 2024-01-31 14611972 bus:Director40 2023-01-23 2024-01-31 14611972 1 2023-01-23 2024-01-31 14611972 2 2023-01-23 2024-01-31 14611972 countries:England 2023-01-23 2024-01-31 14611972 bus:FRS102 2023-01-23 2024-01-31 14611972 bus:FilletedAccounts 2023-01-23 2024-01-31 14611972 2024-01-31 14611972 core:WithinOneYear 2024-01-31 14611972 core:ShareCapital 2024-01-31 14611972 core:RetainedEarningsAccumulatedLosses 2024-01-31 14611972 2023-01-22 iso4217:GBP xbrli:pure