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Registered number: 13987716
Auto Car Care Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Collins & Collins Ltd
Honeycombe House
167-169 High Road
Loughton
Essex
IG10 4LF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13987716
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,440 42,592
51,440 42,592
CURRENT ASSETS
Stocks 5 20,109 2,120
Debtors 6 30,027 45,852
Cash at bank and in hand 19,696 10,787
69,832 58,759
Creditors: Amounts Falling Due Within One Year 7 (250,055 ) (99,886 )
NET CURRENT ASSETS (LIABILITIES) (180,223 ) (41,127 )
TOTAL ASSETS LESS CURRENT LIABILITIES (128,783 ) 1,465
NET (LIABILITIES)/ASSETS (128,783 ) 1,465
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (128,784 ) 1,464
SHAREHOLDERS' FUNDS (128,783) 1,465
Page 1
Page 2
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dastan Ardalan
Director
06/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Auto Car Care Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13987716 . The registered office is 75-78 Rosebank Road, London, E17 8NH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold over the period of the lease
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 17,698 30,823 1,750 389 50,660
Additions - 18,846 - 101 18,947
As at 31 March 2024 17,698 49,669 1,750 490 69,607
Depreciation
As at 1 April 2023 2,950 4,623 438 57 8,068
Provided during the period 2,949 6,757 328 65 10,099
As at 31 March 2024 5,899 11,380 766 122 18,167
Net Book Value
As at 31 March 2024 11,799 38,289 984 368 51,440
As at 1 April 2023 14,748 26,200 1,312 332 42,592
5. Stocks
31 March 2024 31 March 2023
£ £
Materials 5,184 2,120
Cars for resale 14,925 -
20,109 2,120
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 9,513 11,331
Prepayments and accrued income - 5,050
Other debtors 20,514 20,000
VAT - 9,471
30,027 45,852
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 87,365 15,945
Bank loans and overdrafts 278 -
Other loans 59,441 53,600
VAT 3,171 -
Accruals and deferred income 26,950 2,027
Directors' loan accounts 72,850 28,314
250,055 99,886
8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 1 1
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