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REGISTERED NUMBER: 00789403 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

A.P.R (Cars) Ltd

A.P.R (Cars) Ltd (Registered number: 00789403)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A.P.R (Cars) Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D A Smith
Mrs C J Love





REGISTERED OFFICE: 5 Reservoir Road
Ruislip
Middlesex
HA4 7TT





REGISTERED NUMBER: 00789403 (England and Wales)






A.P.R (Cars) Ltd (Registered number: 00789403)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 876,554 881,818

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 5 517,583 533,447
Cash at bank and in hand 104,565 65,684
634,148 611,131
CREDITORS
Amounts falling due within one year 6 157,872 100,036
NET CURRENT ASSETS 476,276 511,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,352,830

1,392,913

CREDITORS
Amounts falling due after more than one
year

7

29,167

39,167
NET ASSETS 1,323,663 1,353,746

CAPITAL AND RESERVES
Called up share capital 900 900
Revaluation reserve 8 717,935 717,935
Retained earnings 8 604,828 634,911
SHAREHOLDERS' FUNDS 1,323,663 1,353,746

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 directors acknowledge their 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.

A.P.R (Cars) Ltd (Registered number: 00789403)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





D A Smith - Director


A.P.R (Cars) Ltd (Registered number: 00789403)

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

1. STATUTORY INFORMATION

A.P.R (Cars) 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 12 (2023 - 12 ) .

A.P.R (Cars) Ltd (Registered number: 00789403)

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

4. TANGIBLE FIXED ASSETS

It is the directors opinion that the freehold property should not be depreciated in the financial year ended 28th February 2024, and that the net book value represents the market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 246,946 262,587
Other debtors 255,220 255,220
Deferred tax asset 9,663 9,663
Prepayments 5,754 5,977
517,583 533,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 62,619 37,708
Taxation and social security 81,579 43,269
Other creditors 13,674 19,059
157,872 100,036

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 29,167 39,167

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 March 2023 634,911 717,935 1,352,846
Deficit for the year (30,083 ) (30,083 )
At 29 February 2024 604,828 717,935 1,322,763