Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 13481833 Mrs Nava Java Tabrizi Mrs Nava Javan Tabrizi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13481833 2023-06-30 13481833 2024-06-30 13481833 2023-07-01 2024-06-30 13481833 frs-core:CurrentFinancialInstruments 2024-06-30 13481833 frs-core:ComputerEquipment 2024-06-30 13481833 frs-core:ComputerEquipment 2023-07-01 2024-06-30 13481833 frs-core:ComputerEquipment 2023-06-30 13481833 frs-core:PlantMachinery 2024-06-30 13481833 frs-core:PlantMachinery 2023-07-01 2024-06-30 13481833 frs-core:PlantMachinery 2023-06-30 13481833 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 13481833 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13481833 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 13481833 frs-bus:SmallEntities 2023-07-01 2024-06-30 13481833 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13481833 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13481833 frs-bus:Director1 2023-07-01 2024-06-30 13481833 frs-bus:Director2 2023-07-01 2024-06-30 13481833 frs-core:CurrentFinancialInstruments 3 2024-06-30 13481833 frs-countries:EnglandWales 2023-07-01 2024-06-30 13481833 2022-06-30 13481833 2023-06-30 13481833 2022-07-01 2023-06-30 13481833 frs-core:CurrentFinancialInstruments 2023-06-30 13481833 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 13481833 frs-core:CurrentFinancialInstruments 3 2023-06-30
Registered number: 13481833
Car Max Motors Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Jaffer & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13481833
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 827 827
827 827
CURRENT ASSETS
Stocks 5 32,789 117,789
Debtors 6 5,296 -
Cash at bank and in hand 131,028 69,459
169,113 187,248
Creditors: Amounts Falling Due Within One Year 7 (150,985 ) (184,876 )
NET CURRENT ASSETS (LIABILITIES) 18,128 2,372
TOTAL ASSETS LESS CURRENT LIABILITIES 18,955 3,199
NET ASSETS 18,955 3,199
Profit and Loss Account 18,955 3,199
SHAREHOLDERS' FUNDS 18,955 3,199
Page 1
Page 2
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 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
Mrs Nava Javan Tabrizi
Director
22/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Car Max Motors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13481833 . The registered office is 17-19 Dukes Avenue, New Malden, England, KT3 4HL.
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:
Plant & Machinery 10% Reducing balance basis
Computer Equipment 10% Reducing balance basis
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: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 919 - 919
As at 30 June 2024 919 - 919
Depreciation
As at 1 July 2023 - 92 92
As at 30 June 2024 - 92 92
Net Book Value
As at 30 June 2024 919 (92 ) 827
As at 1 July 2023 919 (92 ) 827
5. Stocks
2024 2023
£ £
Finished goods 32,789 117,789
6. Debtors
2024 2023
£ £
Due within one year
VAT 5,296 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts 40,177 40,177
Corporation tax 4,364 4,364
Other taxes and social security 357 -
VAT - 14,270
Net wages - 1,600
Other creditors 7,500 2,500
Other creditors (3) 500 500
Directors' loan accounts 98,086 121,465
150,985 184,876
8. Share Capital
Page 4