Company Registration No. 14160153 (England and Wales)
ANDOVER CAR SALES LIMITED
Accounts
for the year ended 30 June 2024
ANDOVER CAR SALES LIMITED
Accounts
Contents
ANDOVER CAR SALES LIMITED
Company Information
for the year ended 30 June 2024
Director
Zydrunas BAKANAVICIUS
Company Number
14160153 (England and Wales)
Registered Office
A303 Westbound Barton Stacey
Hants, Barton Stacey Services
Winchester
SO21 3NF
United Kingdom
ANDOVER CAR SALES LIMITED
Statement of financial position
as at 30 June 2024
Inventories
233,622
166,591
Cash at bank and in hand
12,197
3,556
Creditors: amounts falling due within one year
(163,264)
(126,803)
Net current assets
89,842
72,488
Total assets less current liabilities
142,020
72,488
Creditors: amounts falling due after more than one year
(98,993)
(42,537)
Called up share capital
1
1
Profit and loss account
43,026
29,950
Shareholders' funds
43,027
29,951
For the year ending 30 June 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 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 27 February 2025 and were signed on its behalf by
Zydrunas BAKANAVICIUS
Director
Company Registration No. 14160153
ANDOVER CAR SALES LIMITED
Notes to the Accounts
for the year ended 30 June 2024
ANDOVER CAR SALES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14160153. The registered office is A303 Westbound Barton Stacey, Hants, Barton Stacey Services, Winchester, SO21 3NF, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Land & buildings
Straight line depreciation 10%
Fixtures & fittings
Straight line depreciation 25%
ANDOVER CAR SALES LIMITED
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
Additions
56,231
2,094
58,325
At 30 June 2024
56,231
2,094
58,325
Charge for the year
5,623
524
6,147
At 30 June 2024
5,623
524
6,147
At 30 June 2024
50,608
1,570
52,178
Amounts falling due within one year
Trade debtors
(1,713)
7,661
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
141,091
116,732
Taxes and social security
5,264
7,025
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
98,993
42,537
8
Average number of employees
During the year the average number of employees was 2 (2023: 0).