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Registered number: 07549715
Central Cars (West Sussex) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
LJT Accountancy Services
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07549715
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 18,927 24,155
18,927 24,155
CURRENT ASSETS
Cash at bank and in hand 10,052 10,146
10,052 10,146
Creditors: Amounts Falling Due Within One Year 6 (134 ) (27,641 )
NET CURRENT ASSETS (LIABILITIES) 9,918 (17,495 )
TOTAL ASSETS LESS CURRENT LIABILITIES 28,845 6,660
Creditors: Amounts Falling Due After More Than One Year 7 (434,220 ) (413,540 )
NET LIABILITIES (405,375 ) (406,880 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (405,475 ) (406,980 )
SHAREHOLDERS' FUNDS (405,375) (406,880)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T Foster
Director
29 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Central Cars (West Sussex) Limited Registered number 07549715 is a limited by shares company incorporated in England & Wales. The Registered Office is 18 Courtlands Way, Felpham, Bognor Regis, West Sussex, PO22 6AW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Going Concern Disclosure
No material uncertainties that cast signifcant doubt about the abilitily of the company to continue as a going concern have been identified by the directors.
2.3. Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of ten years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 18%
Fixtures & Fittings 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 160,000
As at 31 March 2024 160,000
Amortisation
As at 1 April 2023 160,000
As at 31 March 2024 160,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 17,500 23,787 41,287
As at 31 March 2024 17,500 23,787 41,287
Depreciation
As at 1 April 2023 2,100 15,032 17,132
Provided during the period 2,772 2,456 5,228
As at 31 March 2024 4,872 17,488 22,360
Net Book Value
As at 31 March 2024 12,628 6,299 18,927
As at 1 April 2023 15,400 8,755 24,155
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 134 141
Other creditors - 27,500
134 27,641
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,009 24,555
Other creditors 21,500 5,204
Amounts owed to joint ventures 396,711 383,781
434,220 413,540
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
10. Post Balance Sheet Events
Monies Advanced from the Directors :
T.Foster - £241,637
C.Foster - £155,074
are interest free and repayable on demand.
The Directors' loan account balances are included within other creditors.
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