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
Elite Cars of Bicester Limited
Company Information
for the year ended 31 August 2024
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
Elite Cars of Bicester Limited
Statement of financial position
as at 31 August 2024
Tangible assets
135,051
65,430
Cash at bank and in hand
221,016
152,754
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
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
Elite Cars of Bicester Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
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
Disposals
(67,379)
-
(67,379)
At 31 August 2024
227,059
1,833
228,892
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
At 31 August 2024
134,393
658
135,051
At 31 August 2023
64,656
774
65,430
Elite Cars of Bicester Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
56,462
111,044
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,616
9,232
Taxes and social security
32,927
31,957
Other creditors
12,588
(9)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
89,861
50,251
Loans from directors
30,778
44,822
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).