Company Registration No. 13381142 (England and Wales)
PRESTIGE CARS AGENT GROUP LIMITED
Unaudited accounts
for the year ended 31 May 2024
PRESTIGE CARS AGENT GROUP LIMITED
Unaudited accounts
Contents
PRESTIGE CARS AGENT GROUP LIMITED
Company Information
for the year ended 31 May 2024
Directors
Mr Rosario Ricottone
Mrs Francesca Ricottone
Company Number
13381142 (England and Wales)
Registered Office
Sedge Green Nursery
Sedge Green
Nazeing
Waltham Abbey
Essex
EN9 2PA
England
Accountants
AIMS Accountants for Business
14 Church Street
St Albans
Hertfordshire
AL3 5NQ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of PRESTIGE CARS AGENT GROUP LIMITED for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
PRESTIGE CARS AGENT GROUP LIMITED for the year ended
31 May 2024 as set out on pages
5 -
6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
AIMS Accountants for Business
Chartered Accountants
14 Church Street
St Albans
Hertfordshire
AL3 5NQ
30 October 2024
PRESTIGE CARS AGENT GROUP LIMITED
Statement of financial position
as at 31 May 2024
Inventories
315,078
210,797
Creditors: amounts falling due within one year
(309,976)
(306,105)
Net current assets
37,047
48,445
Called up share capital
1
1
Profit and loss account
37,046
48,444
Shareholders' funds
37,047
48,445
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by
Mr Rosario Ricottone
Director
Company Registration No. 13381142
PRESTIGE CARS AGENT GROUP LIMITED
Notes to the Accounts
for the year ended 31 May 2024
PRESTIGE CARS AGENT GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13381142. The registered office is Sedge Green Nursery, Sedge Green, Nazeing, Waltham Abbey, Essex, EN9 2PA, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Amounts falling due within one year
Accrued income and prepayments
-
122,456
Other debtors
31,945
21,297
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,740
1,711
Taxes and social security
9,091
7,179
Other creditors
251,713
216,228
Loans from directors
41,464
80,208
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).