CAR & COMMERCIAL COMPONENTS (NI) LIMITED

Company Registration Number:
NI054951 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

CAR & COMMERCIAL COMPONENTS (NI) LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

CAR & COMMERCIAL COMPONENTS (NI) LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 69,566 68,574
Total fixed assets: 69,566 68,574
Current assets
Stocks: 233,300 85,000
Debtors:   227,342 232,723
Cash at bank and in hand: 732,494 758,674
Total current assets: 1,193,136 1,076,397
Creditors: amounts falling due within one year:   (246,153) (227,534)
Net current assets (liabilities): 946,983 848,863
Total assets less current liabilities: 1,016,549 917,437
Total net assets (liabilities): 1,016,549 917,437
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,016,449 917,337
Shareholders funds: 1,016,549 917,437

The notes form part of these financial statements

CAR & COMMERCIAL COMPONENTS (NI) LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 April 2025
and signed on behalf of the board by:

Name: Edward Donnelly
Status: Director

The notes form part of these financial statements

CAR & COMMERCIAL COMPONENTS (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows: Plant & machinery 10% Reducing Balance Fixtures, fittings & equipment 10% Reducing Balance Motor Vehicles 20% Reducing Balance The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

CAR & COMMERCIAL COMPONENTS (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

CAR & COMMERCIAL COMPONENTS (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 137,675
Additions 26,785
Disposals (35,122)
At 31 July 2024 129,338
Depreciation
At 01 August 2023 69,101
Charge for year 12,547
On disposals (21,876)
At 31 July 2024 59,772
Net book value
At 31 July 2024 69,566
At 31 July 2023 68,574