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AERO CARS OF WOLVERHAMPTON LTD

Registered Number
11023596
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

AERO CARS OF WOLVERHAMPTON LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Mohammed Islam

Registered Address

Six Ways Business Centre
1 Guildford Street
Birmingham
B19 2HN

Place of Business


Registered Number

11023596 (England and Wales)
AERO CARS OF WOLVERHAMPTON LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets335,25238,028
35,25238,028
Current assets
Debtors435,3202,000
Cash at bank and on hand16,52729,306
51,84731,306
Creditors amounts falling due within one year5(115,859)(91,357)
Net current assets (liabilities)(64,012)(60,051)
Total assets less current liabilities(28,760)(22,023)
Creditors amounts falling due after one year6(12,893)(21,381)
Net assets(41,653)(43,404)
Capital and reserves
Called up share capital11
Profit and loss account(41,654)(43,405)
Shareholders' funds(41,653)(43,404)
The financial statements were approved and authorised for issue by the Director on 18 March 2025, and are signed on its behalf by:
Mohammed Islam
Director
Registered Company No. 11023596
AERO CARS OF WOLVERHAMPTON LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 2365,998
Additions4,995
At 30 June 2470,993
Depreciation and impairment
At 01 July 2327,969
Charge for year7,772
At 30 June 2435,741
Net book value
At 30 June 2435,252
At 30 June 2338,028
4.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income35,3202,000
Total35,3202,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,8722,959
Taxation and social security7,49612,084
Finance lease and HP contracts3,8026,854
Other creditors100,68969,460
Total115,85991,357
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,15914,845
Other creditors2,7346,536
Total12,89321,381
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts2,7346,536