CARN VEHICLE CONTRACTS LTD

Company Registration Number:
NI042087 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

CARN VEHICLE CONTRACTS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

CARN VEHICLE CONTRACTS LTD

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,118,733 1,053,953
Total fixed assets: 1,118,733 1,053,953
Current assets
Stocks: 3,463,941 2,897,434
Debtors:   31,280 178,419
Cash at bank and in hand: 2,036,872 1,612,264
Total current assets: 5,532,093 4,688,117
Creditors: amounts falling due within one year:   (1,148,681) (738,878)
Net current assets (liabilities): 4,383,412 3,949,239
Total assets less current liabilities: 5,502,145 5,003,192
Creditors: amounts falling due after more than one year:   (2,584,151) (2,215,886)
Provision for liabilities:   (257)
Total net assets (liabilities): 2,917,994 2,787,049
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,917,894 2,786,949
Shareholders funds: 2,917,994 2,787,049

The notes form part of these financial statements

CARN VEHICLE CONTRACTS LTD

Balance sheet statements

For the year ending 31 December 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 13 May 2025
and signed on behalf of the board by:

Name: Mr S Shaw
Status: Director

The notes form part of these financial statements

CARN VEHICLE CONTRACTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 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

CARN VEHICLE CONTRACTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 3 4

CARN VEHICLE CONTRACTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 1,207,612
At 31 December 2024 1,207,612
Depreciation
At 01 January 2024 153,659
Charge for year 1,355
Other adjustments (66,135)
At 31 December 2024 88,879
Net book value
At 31 December 2024 1,118,733
At 31 December 2023 1,053,953

The investment property is shown at the most recent valuation. At 31 December 2024 the directors believe this is a fair value for the property.

CARN VEHICLE CONTRACTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Loans to directors

During the year the directors repaid the loan from the company in full. At the balance sheet date the company owed the directors £9,251. (2024: The directors owed the company £73,722).