Company Registration No. 14614621 (England and Wales)
BURY CARS & COMMERCIALS LTD
Unaudited accounts
for the year ended 31 January 2025
BURY CARS & COMMERCIALS LTD
Unaudited accounts
Contents
BURY CARS & COMMERCIALS LTD
Company Information
for the year ended 31 January 2025
Director
Chaudhry Taimoor ASHFAQ
Company Number
14614621 (England and Wales)
Registered Office
Bury & Bolton Road
Radcliffe
Manchester
M26 4FP
ENGLAND
Accountants
AWS
Chartered Certified Accountants
The Mosses Community Centre Cecil Street
Bury
BL9 0SB
BURY CARS & COMMERCIALS LTD
Statement of financial position
as at 31 January 2025
Inventories
289,789
26,570
Cash at bank and in hand
44,170
5,605
Creditors: amounts falling due within one year
(329,444)
(44,478)
Net current assets/(liabilities)
9,810
(12,192)
Net assets/(liabilities)
25,757
(12,192)
Called up share capital
100
100
Profit and loss account
25,657
(12,292)
Shareholders' funds
25,757
(12,192)
For the year ending 31 January 2025 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 director acknowledges his 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 and authorised for issue on 26 February 2025 and were signed on its behalf by
Chaudhry Taimoor ASHFAQ
Director
Company Registration No. 14614621
BURY CARS & COMMERCIALS LTD
Notes to the Accounts
for the year ended 31 January 2025
BURY CARS & COMMERCIALS LTD is a private company, limited by shares, registered in England and Wales, registration number 14614621. The registered office is Bury & Bolton Road, Radcliffe, Manchester, M26 4FP, 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.
These financial statements for the year ended 31 January 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 24 January 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
BURY CARS & COMMERCIALS LTD
Notes to the Accounts
for the year ended 31 January 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
2,392
-
Loans from directors
325,102
35,483
7
Average number of employees
During the year the average number of employees was 2 (2024: 1).