Registered number
09456753
Car Audio Motions Limited
Unaudited Filleted Accounts
28 February 2025
Car Audio Motions Limited
Registered number: 09456753
Director's Report
The director presents her report and accounts for the year ended 28 February 2025.
Principal activities
The company's principal activity during the year continued to be Car Audio installation and motor repairs.
Directors
The following persons served as directors during the year:
Jodie Thompson
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 1 June 2025 and signed on its behalf.
Jodie Thompson
Director
Car Audio Motions Limited
Profit and Loss Account
for the year ended 28 February 2025
2025 2024
£ £
Turnover 49,402 59,393
Cost of sales (26,012) (33,327)
Gross profit 23,390 26,066
Administrative expenses (22,017) (21,919)
Operating profit 1,373 4,147
Profit before taxation 1,373 4,147
Tax on profit (126) (353)
Profit for the financial year 1,247 3,794
Car Audio Motions Limited
Registered number: 09456753
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 727 970
Current assets
Stocks 5,083 4,463
Debtors 4 438 1,629
Cash at bank and in hand 2,277 764
7,798 6,856
Creditors: amounts falling due within one year 5 (8,980) (7,680)
Net current liabilities (1,182) (824)
Total assets less current liabilities (455) 146
Provisions for liabilities - (184)
Net liabilities (455) (38)
Capital and reserves
Called up share capital 100 100
Profit and loss account (555) (138)
Shareholders' funds (455) (38)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jodie Thompson
Director
Approved by the board on 1 June 2025
Car Audio Motions Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% of written down value
Motor vehicles 25% of written down value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2024 3,464 695 4,159
At 28 February 2025 3,464 695 4,159
Depreciation
At 1 March 2024 2,582 607 3,189
Charge for the year 221 22 243
At 28 February 2025 2,803 629 3,432
Net book value
At 28 February 2025 661 66 727
At 29 February 2024 882 88 970
4 Debtors 2025 2024
£ £
Trade debtors 266 873
Other debtors 172 756
438 1,629
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,879 324
Taxation and social security costs 169 169
Other creditors 6,932 7,187
8,980 7,680
6 Other information
Car Audio Motions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Belgar Bungalow
Belgar Farm
Romney Road
Lydd
TN29 9LS
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