NICK CARTWRIGHT SPECIALIST CARS LIMITED

Company Registration Number:
09041524 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

NICK CARTWRIGHT SPECIALIST CARS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

NICK CARTWRIGHT SPECIALIST CARS LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 259,513 242,436
Total fixed assets: 259,513 242,436
Current assets
Stocks: 1,710,188 1,725,419
Debtors: 4 457,304 280,371
Cash at bank and in hand: 72,226 523,958
Total current assets: 2,239,718 2,529,748
Creditors: amounts falling due within one year: 5 (810,550) (1,140,840)
Net current assets (liabilities): 1,429,168 1,388,908
Total assets less current liabilities: 1,688,681 1,631,344
Creditors: amounts falling due after more than one year: 6 (431,922) (459,764)
Total net assets (liabilities): 1,256,759 1,171,580
Capital and reserves
Called up share capital: 102 102
Profit and loss account: 1,256,657 1,171,478
Shareholders funds: 1,256,759 1,171,580

The notes form part of these financial statements

NICK CARTWRIGHT SPECIALIST CARS LIMITED

Balance sheet statements

For the year ending 31 May 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 November 2024
and signed on behalf of the board by:

Name: M Cartwright
Status: Director

The notes form part of these financial statements

NICK CARTWRIGHT SPECIALIST CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 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

NICK CARTWRIGHT SPECIALIST CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

NICK CARTWRIGHT SPECIALIST CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 372,583
Additions 62,873
At 31 May 2024 435,456
Depreciation
At 01 June 2023 130,147
Charge for year 45,796
At 31 May 2024 175,943
Net book value
At 31 May 2024 259,513
At 31 May 2023 242,436

NICK CARTWRIGHT SPECIALIST CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

NICK CARTWRIGHT SPECIALIST CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 Bank loans and overdrafts £12,024 Hire purchase contracts £13,233 Trade creditors £238,266 Taxation and social security £82,443 Other creditors £464,584 Total £810,550 2023 Bank loans and overdrafts £11,727 Hire purchase contracts £16,025 Trade creditors £633,481 Taxation and social security £68,032 Other creditors £411,575 Total £1,140,840

NICK CARTWRIGHT SPECIALIST CARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

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

2024 Bank loan £11,667 Hire purchase contracts £26,290 Other creditors £393,965 Total £431,922 2023 Bank loan £21,667 Hire purchase contracts £44,132 Other creditors £393,965 Total £459,764