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REGISTERED NUMBER: 11847562 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Autocar Repairs (cambs) Ltd

Autocar Repairs (cambs) Ltd (Registered number: 11847562)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Autocar Repairs (cambs) Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: C Berevoianu





REGISTERED OFFICE: Unit 1
350 Paholme Road East
Peterborough
PE1 5XL





REGISTERED NUMBER: 11847562 (England and Wales)





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

Autocar Repairs (cambs) Ltd (Registered number: 11847562)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,150 9,533

CURRENT ASSETS
Stocks 32,000 27,123
Debtors 5 31,858 6,990
Cash at bank 148,660 94,766
212,518 128,879
CREDITORS
Amounts falling due within one year 6 122,740 82,881
NET CURRENT ASSETS 89,778 45,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,928

55,531

CREDITORS
Amounts falling due after more than one
year

7

5,251

9,000
NET ASSETS 91,677 46,531

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 91,667 46,521
SHAREHOLDERS' FUNDS 91,677 46,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Autocar Repairs (cambs) Ltd (Registered number: 11847562)

Balance Sheet - continued
29 February 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 26 November 2024 and were signed by:





C Berevoianu - Director


Autocar Repairs (cambs) Ltd (Registered number: 11847562)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Autocar Repairs (cambs) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 3 ) .

Autocar Repairs (cambs) Ltd (Registered number: 11847562)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 19,195
DEPRECIATION
At 1 March 2023 9,662
Charge for year 2,383
At 29 February 2024 12,045
NET BOOK VALUE
At 29 February 2024 7,150
At 28 February 2023 9,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 28,608 6,990
Other debtors 3,250 -
31,858 6,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 8,561 3,632
Taxation and social security 38,619 17,265
Other creditors 71,560 57,984
122,740 82,881

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 5,251 9,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
10 ordinary shares £1 10 10

Autocar Repairs (cambs) Ltd (Registered number: 11847562)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. RESERVES
Retained
earnings
£   

At 1 March 2023 46,521
Profit for the year 60,146
Dividends (15,000 )
At 29 February 2024 91,667

10. ULTIMATE CONTROLLING PARTY

The controlling party is C Berevoianu.