Company Registration No. 04643557 (England and Wales)
Cantilever Car Centre Limited
Unaudited accounts
for the year ended 30 September 2024
Cantilever Car Centre Limited
Unaudited accounts
Contents
Cantilever Car Centre Limited
Company Information
for the year ended 30 September 2024
Directors
Mr David Gordon Parker
Mrs Janine Parker
Company Number
04643557 (England and Wales)
Registered Office
Cantilever Car Centre Ltd
Station Road
Warrington
Cheshire
WA4 1JT
England
Accountants
GE ACCOUNTANCY LTD
4 Braithwaite
Shevington
Wigan
Lancashire
WN68BP
Cantilever Car Centre Limited
Statement of financial position
as at 30 September 2024
Tangible assets
86,311
12,665
Inventories
578,360
635,213
Creditors: amounts falling due within one year
(452,439)
(489,707)
Net current assets
225,637
194,213
Total assets less current liabilities
311,948
206,878
Creditors: amounts falling due after more than one year
(168,318)
(109,827)
Called up share capital
10
10
Profit and loss account
143,620
97,041
Shareholders' funds
143,630
97,051
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by
Mr David Gordon Parker
Director
Company Registration No. 04643557
Cantilever Car Centre Limited
Notes to the Accounts
for the year ended 30 September 2024
Cantilever Car Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 04643557. The registered office is Cantilever Car Centre Ltd, Station Road, Warrington, Cheshire, WA4 1JT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Cantilever Car Centre Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
23,800
28,374
5,662
57,836
Additions
679
87,912
-
88,591
At 30 September 2024
24,479
116,286
5,662
146,427
At 1 October 2023
21,528
20,921
2,722
45,171
Charge for the year
442
13,768
735
14,945
At 30 September 2024
21,970
34,689
3,457
60,116
At 30 September 2024
2,509
81,597
2,205
86,311
At 30 September 2023
2,272
7,453
2,940
12,665
Amounts falling due within one year
Trade debtors
97,892
38,715
Amounts falling due after more than one year
Accrued income and prepayments
1,824
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
147,959
155,749
Trade creditors
156,609
148,174
Taxes and social security
42,060
30,029
Other creditors
95,302
128,159
Loans from directors
436
25
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
139,445
60,043
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).