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REGISTERED NUMBER: 13219855 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

OURCAR LTD

OURCAR LTD (REGISTERED NUMBER: 13219855)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OURCAR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: M A Chester
J M Seaton
S J Twidale
C Marshall
Mrs A M Marshall





REGISTERED OFFICE: 23 Chantry Lane
Grimsby
N E Lincolnshire
DN31 2LP





REGISTERED NUMBER: 13219855 (England and Wales)





ACCOUNTANTS: D Flynn Associates Limited
Chartered Certified Accountants
and Business Advisors
23 Chantry Lane
Grimsby
N E Lincolnshire
DN31 2LP

OURCAR LTD (REGISTERED NUMBER: 13219855)

BALANCE SHEET
28 FEBRUARY 2025

28.2.24 28.2.25
£    £    Notes £   
FIXED ASSETS
246,412 Tangible assets 4 346,297
100 Investments 5 50
246,512 346,347

CURRENT ASSETS
379,039 Stocks 250,617
59,726 Debtors 6 212,877
39,917 Cash at bank 22,560
478,682 486,054
CREDITORS
702,494 Amounts falling due within one year 7 736,868
(223,812 ) NET CURRENT LIABILITIES (250,814 )
22,700 TOTAL ASSETS LESS CURRENT
LIABILITIES

95,533

CREDITORS
(17,226 ) Amounts falling due after more than one year 8 (7,216 )

(24,488 ) PROVISIONS FOR LIABILITIES (25,445 )
(19,014 ) NET ASSETS/(LIABILITIES) 62,872

CAPITAL AND RESERVES
125 Called up share capital 125
- Revaluation reserve 9 39,261
(19,139 ) Retained earnings 23,486
(19,014 ) 62,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OURCAR LTD (REGISTERED NUMBER: 13219855)

BALANCE SHEET - continued
28 FEBRUARY 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





S J Twidale - Director


OURCAR LTD (REGISTERED NUMBER: 13219855)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Ourcar Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and 10% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

OURCAR LTD (REGISTERED NUMBER: 13219855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST OR VALUATION
At 29 February 2024 253,078 148,459 104,619
Additions 70,971 56,795 14,176
Revaluations 39,261 39,261 -
At 28 February 2025 363,310 244,515 118,795
DEPRECIATION
At 29 February 2024 6,666 - 6,666
Charge for year 10,347 - 10,347
At 28 February 2025 17,013 - 17,013
NET BOOK VALUE
At 28 February 2025 346,297 244,515 101,782
At 28 February 2024 246,412 148,459 97,953

Cost or valuation at 28 February 2025 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 39,261 - 39,261
Cost 205,254 118,795 324,049
244,515 118,795 363,310

OURCAR LTD (REGISTERED NUMBER: 13219855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 29 February 2024 100
Disposals (50 )
At 28 February 2025 50
NET BOOK VALUE
At 28 February 2025 50
At 28 February 2024 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 28.2.24
£    £   
Trade debtors 187,782 6,152
Other debtors 25,095 53,574
212,877 59,726

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 28.2.24
£    £   
Hire purchase contracts - 5,453
Trade creditors 225,461 226,776
Taxation and social security 20,306 8,569
Other creditors 491,101 461,696
736,868 702,494

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 28.2.24
£    £   
Hire purchase contracts - 17,226
Other creditors 7,216 -
7,216 17,226

OURCAR LTD (REGISTERED NUMBER: 13219855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

9. RESERVES
Revaluation
reserve
£   
Property revaluation reserve 39,261

At 28 February 2025 39,261