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Company Registration No. 8659653 (England and Wales)
Elite Cars of Bicester Limited Unaudited accounts for the year ended 31 August 2024
Elite Cars of Bicester Limited Unaudited accounts Contents
Page
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Elite Cars of Bicester Limited Company Information for the year ended 31 August 2024
Director
Parminder TAKHAR
Company Number
8659653 (England and Wales)
Registered Office
51 Heather Road, Binley Woods COVENTRY West Midlands CV3 2DE United Kingdom
Accountants
MJS BUSINESS MANAGEMENT SERVICES LTD 51 HEATHER ROAD BINLEY WOODS COVENTRY CV3 2DE
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Elite Cars of Bicester Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
135,051 
65,430 
Current assets
Debtors
56,462 
113,365 
Cash at bank and in hand
221,016 
152,754 
277,478 
266,119 
Creditors: amounts falling due within one year
(125,070)
(86,295)
Net current assets
152,408 
179,824 
Total assets less current liabilities
287,459 
245,254 
Creditors: amounts falling due after more than one year
(151,990)
(132,546)
Net assets
135,469 
112,708 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
135,369 
112,608 
Shareholders' funds
135,469 
112,708 
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 29 May 2025 and were signed on its behalf by
Parminder TAKHAR Director Company Registration No. 8659653
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Elite Cars of Bicester Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Elite Cars of Bicester Limited is a private company, limited by shares, registered in England and Wales, registration number 8659653. The registered office is 51 Heather Road, , Binley Woods, COVENTRY, West Midlands, CV3 2DE, United Kingdom.
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.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
197,708 
1,833 
199,541 
Additions
96,730 
- 
96,730 
Disposals
(67,379)
- 
(67,379)
At 31 August 2024
227,059 
1,833 
228,892 
Depreciation
At 1 September 2023
133,052 
1,059 
134,111 
Charge for the year
44,798 
116 
44,914 
On disposals
(85,184)
- 
(85,184)
At 31 August 2024
92,666 
1,175 
93,841 
Net book value
At 31 August 2024
134,393 
658 
135,051 
At 31 August 2023
64,656 
774 
65,430 
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Elite Cars of Bicester Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
56,462 
111,044 
Other debtors
- 
2,321 
56,462 
113,365 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
57,741 
43,917 
Trade creditors
5,616 
9,232 
Taxes and social security
32,927 
31,957 
Other creditors
12,588 
(9)
Accruals
16,198 
1,198 
125,070 
86,295 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
31,351 
37,473 
Obligations under finance leases and hire purchase contracts
89,861 
50,251 
Loans from directors
30,778 
44,822 
151,990 
132,546 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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