Registered number
09894199
CAR PARTS DEPOT LTD
Filleted Accounts
30 November 2024
CAR PARTS DEPOT LTD
Registered number: 09894199
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,125 4,046
Current assets
Stocks 46,250 52,550
Cash at bank and in hand 5,974 10,525
52,224 63,075
Creditors: amounts falling due within one year 4 (3,453) (13,527)
Net current assets 48,771 49,548
Total assets less current liabilities 51,896 53,594
Creditors: amounts falling due after more than one year 5 (49,141) (49,141)
Net assets 2,755 4,453
Capital and reserves
Share premium 100 100
Profit and loss account 2,655 4,353
Shareholders' funds 2,755 4,453
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ISMAIL PANDOR
Director
Approved by the board on 14 January 2025
CAR PARTS DEPOT LTD
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 9,209
At 30 November 2024 9,209
Depreciation
At 1 December 2023 5,163
Charge for the year 921
At 30 November 2024 6,084
Net book value
At 30 November 2024 3,125
At 30 November 2023 4,046
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 5,803
Taxation and social security costs - 2,130
Other creditors 3,453 5,594
3,453 13,527
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,000 9,000
Directors Loans 40,141 40,141
49,141 49,141
6 Other information
CAR PARTS DEPOT LTD is a private company limited by shares and incorporated in England. Its registered office is:
1 BIRKDALE ROAD
DEWSBURY
WF13 4HG
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