Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30trueNo description of principal activity2023-12-01truefalse11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07633011 2023-12-01 2024-11-30 07633011 2022-12-01 2023-11-30 07633011 2024-11-30 07633011 2023-11-30 07633011 c:Director1 2023-12-01 2024-11-30 07633011 d:CurrentFinancialInstruments 2024-11-30 07633011 d:CurrentFinancialInstruments 2023-11-30 07633011 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 07633011 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07633011 d:ShareCapital 2024-11-30 07633011 d:ShareCapital 2023-11-30 07633011 d:RetainedEarningsAccumulatedLosses 2024-11-30 07633011 d:RetainedEarningsAccumulatedLosses 2023-11-30 07633011 c:FRS102 2023-12-01 2024-11-30 07633011 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07633011 c:FullAccounts 2023-12-01 2024-11-30 07633011 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07633011 2 2023-12-01 2024-11-30 07633011 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 07633011










FINISHLINE CAR SALES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
FINISHLINE CAR SALES LIMITED
REGISTERED NUMBER: 07633011

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
2,701
7,660

Cash at bank and in hand
 4 
13,905
7,076

  
16,606
14,736

Creditors: amounts falling due within one year
 5 
(2,262)
(2,523)

Net current assets
  
 
 
14,344
 
 
12,213

Total assets less current liabilities
  
14,344
12,213

  

Net assets
  
14,344
12,213


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
14,342
12,211

  
14,344
12,213


Page 1

 
FINISHLINE CAR SALES LIMITED
REGISTERED NUMBER: 07633011
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 February 2025.




C Bray
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FINISHLINE CAR SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The presentation currency of the Company is GBP

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
1.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
FINISHLINE CAR SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.Accounting policies (continued)

 
1.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


General information

Finishline Car Sales Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 07633011
The address of its Registered office is: 
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Page 4

 
FINISHLINE CAR SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
13,905
7,076

13,905
7,076



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
55

Corporation tax
500
706

Other creditors
512
512

Accruals and deferred income
1,250
1,250

2,262
2,523


 
Page 5