1 01/06/2023 31/05/2024 2024-05-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-06-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 11980352 2023-06-01 2024-05-31 11980352 2024-05-31 11980352 2023-05-31 11980352 2022-06-01 2023-05-31 11980352 2023-05-31 11980352 2022-05-31 11980352 core:MotorVehicles 2023-06-01 2024-05-31 11980352 bus:Director1 2023-06-01 2024-05-31 11980352 core:MotorVehicles 2023-05-31 11980352 core:MotorVehicles 2024-05-31 11980352 core:WithinOneYear 2024-05-31 11980352 core:WithinOneYear 2023-05-31 11980352 core:ShareCapital 2024-05-31 11980352 core:ShareCapital 2023-05-31 11980352 core:RetainedEarningsAccumulatedLosses 2024-05-31 11980352 core:RetainedEarningsAccumulatedLosses 2023-05-31 11980352 core:MotorVehicles 2023-05-31 11980352 bus:SmallEntities 2023-06-01 2024-05-31 11980352 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11980352 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11980352 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11980352 bus:FullAccounts 2023-06-01 2024-05-31
Company registration number: 11980352
Ashcroft Settle Cars Ltd
Unaudited filleted financial statements
31 May 2024
Ashcroft Settle Cars Ltd
Statement of financial position
31 May 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 21,561 25,820
_______ _______
21,561 25,820
Current assets
Cash at bank and in hand 558 425
_______ _______
558 425
Creditors: amounts falling due
within one year 6 ( 6,155) ( 12,363)
_______ _______
Net current liabilities ( 5,597) ( 11,938)
_______ _______
Total assets less current liabilities 15,964 13,882
_______ _______
Net assets 15,964 13,882
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 15,962 13,880
_______ _______
Shareholders funds 15,964 13,882
_______ _______
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 March 2025 , and are signed on behalf of the board by:
Mr Liam Sweeney
Director
Company registration number: 11980352
Ashcroft Settle Cars Ltd
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Stockpit Road, Knowsley Industrial Park, Liverpool, L33 7TQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts are prepared under the historical cost convention.
Turnover
The turnover represents the net settles received from drivers.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Motor vehicles Total
£ £
Cost
At 1 June 2023 39,230 39,230
Additions 2,928 2,928
_______ _______
At 31 May 2024 42,158 42,158
_______ _______
Depreciation
At 1 June 2023 13,410 13,410
Charge for the year 7,187 7,187
_______ _______
At 31 May 2024 20,597 20,597
_______ _______
Carrying amount
At 31 May 2024 21,561 21,561
_______ _______
At 31 May 2023 25,820 25,820
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 1,686 3,537
Other creditors 4,469 8,826
_______ _______
6,155 12,363
_______ _______