1 June 2023 false No description of principal activity Taxfiler 2024.6 13381142business:PrivateLimitedCompanyLtd2023-06-012024-05-31 133811422023-05-31 133811422023-06-012024-05-31 13381142business:AuditExemptWithAccountantsReport2023-06-012024-05-31 13381142business:FilletedAccounts2023-06-012024-05-31 133811422024-05-31 13381142business:Director12023-06-012024-05-31 13381142business:Director22023-06-012024-05-31 13381142business:RegisteredOffice2023-06-012024-05-31 133811422023-05-31 13381142core:WithinOneYear2024-05-31 13381142core:WithinOneYear2023-05-31 13381142core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 13381142core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 13381142core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 13381142core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 13381142core:PreviouslyStatedAmount2024-05-31 13381142core:PreviouslyStatedAmount2023-05-31 13381142business:SmallEntities2023-06-012024-05-31 13381142countries:EnglandWales2023-06-012024-05-31 133811422022-06-012023-05-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
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
- 4 -
PRESTIGE CARS AGENT GROUP LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
315,078 
210,797 
Debtors
31,945 
143,753 
347,023 
354,550 
Creditors: amounts falling due within one year
(309,976)
(306,105)
Net current assets
37,047 
48,445 
Net assets
37,047 
48,445 
Capital and reserves
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
- 5 -
PRESTIGE CARS AGENT GROUP LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
122,456 
Other debtors
31,945 
21,297 
31,945 
143,753 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,740 
1,711 
VAT
1,968 
779 
Taxes and social security
9,091 
7,179 
Other creditors
251,713 
216,228 
Loans from directors
41,464 
80,208 
309,976 
306,105 
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -