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Company Registration No. 04762332 (England and Wales)
Cars To Go Limited Unaudited accounts for the year ended 31 March 2024
Cars To Go Limited Unaudited accounts Contents
Page
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Cars To Go Limited Company Information for the year ended 31 March 2024
Director
Neil Morris
Company Number
04762332 (England and Wales)
Registered Office
FLAT 10 LEIGHTON LODGE 15 BRANKSOME WOOD ROAD BOURNEMOUTH DORSET BH2 6BX
Accountants
Thyme Accounting Services Limited Flat 10 Leighton Lodge 15 Branksome Wood Road Bournemouth Dorset BH2 6BX
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Cars To Go Limited Accountants' report
Accountants' report to the director of Cars To Go Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cars To Go Limited for the year ended 31 March 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 Cars To Go 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 Cars To Go 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 Cars To Go Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cars To Go 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 Cars To Go Limited. You consider that Cars To Go 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 Cars To Go 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.
Thyme Accounting Services Limited Flat 10 Leighton Lodge 15 Branksome Wood Road Bournemouth Dorset BH2 6BX 13 January 2025
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Cars To Go Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
551 
735 
Current assets
Inventories
570,022 
577,295 
Cash at bank and in hand
78,226 
90,284 
648,248 
667,579 
Creditors: amounts falling due within one year
(405,324)
(427,479)
Net current assets
242,924 
240,100 
Total assets less current liabilities
243,475 
240,835 
Creditors: amounts falling due after more than one year
(52,819)
(72,141)
Provisions for liabilities
Other provisions
(16,277)
(16,359)
Net assets
174,379 
152,335 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
174,378 
152,334 
Shareholders' funds
174,379 
152,335 
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 13 January 2025 and were signed on its behalf by
Neil Morris Director Company Registration No. 04762332
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Cars To Go Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cars To Go Limited is a private company, limited by shares, registered in England and Wales, registration number 04762332. The registered office is FLAT 10 LEIGHTON LODGE, 15 BRANKSOME WOOD ROAD, BOURNEMOUTH, DORSET, BH2 6BX.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on a reducing balance basis
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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Cars To Go Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
32,196 
At 31 March 2024
32,196 
Depreciation
At 1 April 2023
31,461 
Charge for the year
184 
At 31 March 2024
31,645 
Net book value
At 31 March 2024
551 
At 31 March 2023
735 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
7,782 
VAT
27,660 
36,602 
Obligations under finance leases and hire purchase contracts
352,739 
353,384 
Trade creditors
13,671 
15,235 
Taxes and social security
9,840 
13,074 
Loans from directors
39 
27 
Accruals
1,375 
1,375 
405,324 
427,479 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
52,819 
72,141 
7
Provisions for liabilities
£ 
At 1 April 2023
16,359 
Provisions used
(82)
At 31 March 2024
16,277 
Warranty provision calculated at a rate of 0.5% of net sales
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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