Company Registration No. 07152355 (England and Wales)
ABBA CARS (HIGH WYCOMBE) LIMITED
Unaudited accounts
for the year ended 29 February 2024
ABBA CARS (HIGH WYCOMBE) LIMITED
Unaudited accounts
Contents
ABBA CARS (HIGH WYCOMBE) LIMITED
Company Information
for the year ended 29 February 2024
Directors
Mr. Ghalib Hussain
Ms. Mumtaz Hussain
Company Number
07152355 (England and Wales)
Registered Office
Unit 6B Desborough Park Ind. Estate
Desborough Park Road
High Wycombe
Bucks
HP12 3BG
England
Accountants
G&S ACCOUNTANTS LIMITED
First Floor, Victoria House
Victoria Street
High Wycombe, Bucks
England, United Kingdom
HP11 2LU
ABBA CARS (HIGH WYCOMBE) LIMITED
Accountants' report
Accountants' report to the board of directors of ABBA CARS (HIGH WYCOMBE) LIMITED on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ABBA CARS (HIGH WYCOMBE) LIMITED for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ABBA CARS (HIGH WYCOMBE) LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ABBA CARS (HIGH WYCOMBE) LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ABBA CARS (HIGH WYCOMBE) LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ABBA CARS (HIGH WYCOMBE) LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ABBA CARS (HIGH WYCOMBE) LIMITED. You consider that ABBA CARS (HIGH WYCOMBE) LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ABBA CARS (HIGH WYCOMBE) LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
G&S ACCOUNTANTS LIMITED
First Floor, Victoria House
Victoria Street
High Wycombe, Bucks
England, United Kingdom
HP11 2LU
14 November 2024
ABBA CARS (HIGH WYCOMBE) LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
85,468
89,245
Cash at bank and in hand
54,706
32,912
Creditors: amounts falling due within one year
(61,858)
(99,967)
Net current assets
244,423
184,520
Total assets less current liabilities
329,891
273,765
Creditors: amounts falling due after more than one year
(111,707)
(111,707)
Net assets
218,184
162,058
Called up share capital
1
1
Profit and loss account
218,183
162,057
Shareholders' funds
218,184
162,058
For the year ending 29 February 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 14 November 2024 and were signed on its behalf by
Mr. Ghalib Hussain
Director
Company Registration No. 07152355
ABBA CARS (HIGH WYCOMBE) LIMITED
Notes to the Accounts
for the year ended 29 February 2024
ABBA CARS (HIGH WYCOMBE) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07152355. The registered office is Unit 6B Desborough Park Ind. Estate, Desborough Park Road, High Wycombe, Bucks, HP12 3BG, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
413,304
2,841
416,145
Additions
16,292
1,298
17,590
At 29 February 2024
429,596
4,139
433,735
At 1 March 2023
324,341
2,559
326,900
Charge for the year
21,051
316
21,367
At 29 February 2024
345,392
2,875
348,267
At 29 February 2024
84,204
1,264
85,468
At 28 February 2023
88,963
282
89,245
ABBA CARS (HIGH WYCOMBE) LIMITED
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Other debtors
251,575
251,575
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
29,588
98,673
Taxes and social security
12,538
1,294
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
19,207
19,207
Loans from directors
92,500
92,500
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).