ICASHCARS LONDON LTD

Company Registration Number:
15261485 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2024

Period of accounts

Start date: 06 November 2023

End date: 30 November 2024

ICASHCARS LONDON LTD

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Notes

ICASHCARS LONDON LTD

Balance sheet

As at 30 November 2024


Notes

13 months to 30 November 2024


£
Called up share capital not paid: 0
Fixed assets
Tangible assets: 3 24,267
Total fixed assets: 24,267
Current assets
Stocks: 159,900
Debtors: 4 79,173
Cash at bank and in hand: 15,492
Total current assets: 254,565
Creditors: amounts falling due within one year: 5 (46,981)
Net current assets (liabilities): 207,584
Total assets less current liabilities: 231,851
Creditors: amounts falling due after more than one year: 6 (200,000)
Total net assets (liabilities): 31,851
Capital and reserves
Called up share capital: 100
Other reserves: 10,000
Profit and loss account: 21,751
Shareholders funds: 31,851

The notes form part of these financial statements

ICASHCARS LONDON LTD

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 January 2025
and signed on behalf of the board by:

Name: Nicky Gary Baxter
Status: Director

The notes form part of these financial statements

ICASHCARS LONDON LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ICASHCARS LONDON LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

2. Employees

13 months to 30 November 2024
Average number of employees during the period 1

ICASHCARS LONDON LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible Assets

Total
Cost £
Additions 28,000
At 30 November 2024 28,000
Depreciation
Charge for year 3,733
At 30 November 2024 3,733
Net book value
At 30 November 2024 24,267

ICASHCARS LONDON LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Debtors

13 months to 30 November 2024
£
Debtors due after more than one year: 79,173

ICASHCARS LONDON LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Creditors: amounts falling due within one year note

Creditors: Amounts falling due within one year Trade creditors 5,749 Accruals 10,876 Taxes Payable 6,300 Other creditors 24,056 Total 46,981

ICASHCARS LONDON LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Creditors: amounts falling due after more than one year note

Loan 200,000 During the year, the company received a loan of 200,000 The loan carries an interest rate of 30% per annum. Interest expenses for the year related to this loan amounted to £40,000. The directors have assessed that the terms of the loan reflect market conditions at the time of agreement.

ICASHCARS LONDON LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

7. Related party transactions

Name of the related party:
Relationship:
Person with Significant Control (PSC)
Description of the Transaction: During the year, the company received a loan of £200,000 from an individual related to a Person with Significant Control (PSC) of the company. The loan carries an interest rate of 30% per annum. Interest expenses for the year related to this loan amounted to £40,000. The directors have assessed that the terms of the loan reflect market conditions at the time of agreement.
£
Balance at 30 November 2024 200,000