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Company Registration No. 06530357 (England and Wales)
123 car commercial limited Unaudited accounts for the year ended 31 March 2024
123 car commercial limited Unaudited accounts Contents
Page
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123 car commercial limited Company Information for the year ended 31 March 2024
Director
mr martin mawson
Company Number
06530357 (England and Wales)
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123 car commercial limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,520 
21,739 
Current assets
Inventories
- 
5,837 
Debtors
38,461 
15,781 
Cash at bank and in hand
18,619 
15,148 
57,080 
36,766 
Creditors: amounts falling due within one year
(40,627)
(24,741)
Net current assets
16,453 
12,025 
Total assets less current liabilities
42,973 
33,764 
Creditors: amounts falling due after more than one year
(38,586)
(41,667)
Net assets/(liabilities)
4,387 
(7,903)
Capital and reserves
Called up share capital
103 
103 
Profit and loss account
4,284 
(8,006)
Shareholders' funds
4,387 
(7,903)
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 members have 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 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 and authorised for issue on 3 February 2024 and were signed on its behalf by
mr martin mawson Director Company Registration No. 06530357
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123 car commercial limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
123 car commercial limited is a private company, limited by shares, registered in England and Wales, registration number 06530357.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
39,407 
45,941 
61,500 
10,522 
157,370 
Additions
10,995 
332 
- 
- 
11,327 
At 31 March 2024
50,402 
46,273 
61,500 
10,522 
168,697 
Depreciation
At 1 April 2023
31,395 
38,081 
61,500 
4,655 
135,631 
Charge for the year
3,801 
1,572 
- 
1,173 
6,546 
At 31 March 2024
35,196 
39,653 
61,500 
5,828 
142,177 
Net book value
At 31 March 2024
15,206 
6,620 
- 
4,694 
26,520 
At 31 March 2023
8,012 
7,860 
- 
5,867 
21,739 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,447 
495 
Trade debtors
37,014 
10,286 
Other debtors
- 
5,000 
38,461 
15,781 
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123 car commercial limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
29,567 
19,490 
Taxes and social security
7,744 
3,501 
Other creditors
1,566 
- 
Accruals
1,750 
1,750 
40,627 
24,741 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
38,586 
41,667 
the company has a bbbl government loan of 50k
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
mr martin mawson
directors loan
5,000 
- 
5,000 
- 
5,000 
- 
5,000 
- 
loan to director to be repay within 6 months
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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