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REGISTERED NUMBER: 01054014 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

COX'S CARS LIMITED

COX'S CARS LIMITED (REGISTERED NUMBER: 01054014)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COX'S CARS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R S Cox
D G Cox
P M Lane





REGISTERED OFFICE: Three Springs Garage
Three Springs Road
Pershore
Worcestershire
WR10 1HR





REGISTERED NUMBER: 01054014 (England and Wales)





ACCOUNTANTS: Clifton-Crick Sharp & Co. Ltd
Chartered Accountants
40 High Street
Pershore
Worcestershire
WR10 1DP

COX'S CARS LIMITED (REGISTERED NUMBER: 01054014)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,434 106,674

CURRENT ASSETS
Stocks 89,459 80,125
Debtors 5 59,144 58,971
Cash at bank and in hand 361,762 427,946
510,365 567,042
CREDITORS
Amounts falling due within one year 6 149,309 180,797
NET CURRENT ASSETS 361,056 386,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

451,490

492,919

PROVISIONS FOR LIABILITIES 13,973 14,635
NET ASSETS 437,517 478,284

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 437,457 478,224
SHAREHOLDERS' FUNDS 437,517 478,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

COX'S CARS LIMITED (REGISTERED NUMBER: 01054014)

BALANCE SHEET - continued
30 JUNE 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:




D G Cox - Director



P M Lane - Director


COX'S CARS LIMITED (REGISTERED NUMBER: 01054014)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

COX'S CARS LIMITED 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Changes in accounting policies
The principal accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied in all the years presented unless otherwise stated. No changes have arisen as a result of the transition to Section 1A of Financial Reporting Standard 102.

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.
Long leasehold - 10% on reducing balance
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

COX'S CARS LIMITED (REGISTERED NUMBER: 01054014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023 38,983 653,746 35,995
Additions - 6,193 -
At 30 June 2024 38,983 659,939 35,995
DEPRECIATION
At 1 July 2023 21,077 566,457 35,995
Charge for year 1,989 20,126 -
At 30 June 2024 23,066 586,583 35,995
NET BOOK VALUE
At 30 June 2024 15,917 73,356 -
At 30 June 2023 17,906 87,289 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 6,865 61,665 797,254
Additions - 2,322 8,515
At 30 June 2024 6,865 63,987 805,769
DEPRECIATION
At 1 July 2023 6,865 60,186 690,580
Charge for year - 2,640 24,755
At 30 June 2024 6,865 62,826 715,335
NET BOOK VALUE
At 30 June 2024 - 1,161 90,434
At 30 June 2023 - 1,479 106,674

COX'S CARS LIMITED (REGISTERED NUMBER: 01054014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,506 34,758
Other debtors 15,638 24,213
59,144 58,971

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 82,715 84,405
Taxation and social security 50,988 16,113
Other creditors 15,606 80,279
149,309 180,797

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
R S Cox
Balance outstanding at start of year - 4,502
Amounts repaid - (4,502 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

D G Cox
Balance outstanding at start of year 50 -
Amounts advanced - 50
Amounts repaid (50 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 50

P M Lane
Balance outstanding at start of year - -
Amounts advanced 1,866 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,866 -