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Company Registration No. 11537106 (England and Wales)
My Car Cleaning Ltd Unaudited accounts for the year ended 31 August 2024
My Car Cleaning Ltd Unaudited accounts Contents
Page
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My Car Cleaning Ltd Company Information for the year ended 31 August 2024
Director
A Z Malik
Company Number
11537106 (England and Wales)
Registered Office
Unit 20 Invincible Drive Newcastle upon Tyne NE4 7HX
Accountants
Ask Accountants NE Limited The Grainger Suite, Dobson House Regent Centre Newcastle Upon Tyne Tyne And Wear NE3 3PF
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My Car Cleaning Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
128,553 
54,308 
Current assets
Inventories
400,000 
314,000 
Debtors
180,484 
235,553 
Cash at bank and in hand
34,423 
4,720 
614,907 
554,273 
Creditors: amounts falling due within one year
(535,918)
(438,053)
Net current assets
78,989 
116,220 
Total assets less current liabilities
207,542 
170,528 
Creditors: amounts falling due after more than one year
(75,992)
(44,629)
Net assets
131,550 
125,899 
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
131,449 
125,798 
Shareholders' funds
131,550 
125,899 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 31 May 2025 and were signed on its behalf by
A Z Malik Director Company Registration No. 11537106
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My Car Cleaning Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
My Car Cleaning Ltd is a private company, limited by shares, registered in England and Wales, registration number 11537106. The registered office is Unit 20, Invincible Drive, Newcastle upon Tyne, NE4 7HX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts have been prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories
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.
Turnover
Turnover is measured at the fair value of the consideration receivable for the sale of goods in the period. Turnover is attributable to the continuing principal activity of the company and arose wholly within the United Kingdom. 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.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
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.
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My Car Cleaning Ltd Notes to the Accounts for the year ended 31 August 2024
Leased assets
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.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
26,409 
58,479 
84,888 
Additions
87,779 
11,974 
99,753 
At 31 August 2024
114,188 
70,453 
184,641 
Depreciation
At 1 September 2023
5,868 
24,712 
30,580 
Charge for the year
15,472 
10,036 
25,508 
At 31 August 2024
21,340 
34,748 
56,088 
Net book value
At 31 August 2024
92,848 
35,705 
128,553 
At 31 August 2023
20,541 
33,767 
54,308 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
180,484 
235,553 
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My Car Cleaning Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
61,387 
147,139 
VAT
26,324 
35,435 
Obligations under finance leases and hire purchase contracts
19,722 
3,772 
Trade creditors
258,549 
94,530 
Taxes and social security
18,191 
25,206 
Other creditors
151,745 
131,971 
535,918 
438,053 
Included within creditors is a balance of £55,349 (2023: £8,813) which is secured by way of fixed and floating charges against the assets of the company.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,903 
31,724 
Obligations under finance leases and hire purchase contracts
50,089 
12,905 
75,992 
44,629 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
1 Ordinary A shares of £1 each
1 
1 
101 
101 
9
Transactions with related parties
Included within debtors is a balance of £168,869 (2023: £224,041) which is due from companies under common directorship. There are no set terms as to repayment of this balance and no interest accrued thereon.
10
Average number of employees
During the year the average number of employees was 10 (2023: 11).
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