Registered number
09023733
Getaroundcars.com Ltd
Filleted Accounts
30 June 2024
Getaroundcars.com Ltd
Registered number: 09023733
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 374 947
Current assets
Stocks 50,138 63,053
Debtors 4 64,832 58,573
Cash at bank and in hand 56,882 58,393
171,852 180,019
Creditors: amounts falling due within one year 5 (118,719) (107,310)
Net current assets 53,133 72,709
Total assets less current liabilities 53,507 73,656
Creditors: amounts falling due after more than one year 6 (27,019) (47,872)
Net assets 26,488 25,784
Capital and reserves
Called up share capital 1 1
Profit and loss account 26,487 25,783
Shareholder's funds 26,488 25,784
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Clarke
Director
Approved by the board on 26 March 2025
Getaroundcars.com Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 33% SLM
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 July 2023 1,718
At 30 June 2024 1,718
Depreciation
At 1 July 2023 771
Charge for the year 573
At 30 June 2024 1,344
Net book value
At 30 June 2024 374
At 30 June 2023 947
4 Debtors 2024 2023
£ £
Trade debtors 64,832 58,573
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 85,480 77,955
Taxation and social security costs 21,010 17,387
Other creditors 2,229 1,968
118,719 107,310
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,167 19,167
Director's account 16,583 27,587
Accruals 1,269 1,118
27,019 47,872
7 Controlling party
The director controls the company.
8 Other information
Getaroundcars.com Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Office 17, Innovation House
Innovatiion way
Discovery Park, Sandwich
Kent
CT13 9FF
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