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REGISTERED NUMBER: 08714283 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

A1 CAR SEARCH LIMITED

A1 CAR SEARCH LIMITED (REGISTERED NUMBER: 08714283)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


A1 CAR SEARCH LIMITED (REGISTERED NUMBER: 08714283)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,825 8,758

CURRENT ASSETS
Stocks 80,638 139,237
Debtors 5 10,360 150,826
Cash at bank and in hand 43,578 20,588
134,576 310,651
CREDITORS
Amounts falling due within one year 6 406,705 529,630
NET CURRENT LIABILITIES (272,129 ) (218,979 )
TOTAL ASSETS LESS CURRENT LIABILITIES (265,304 ) (210,221 )

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings (265,554 ) (210,471 )
(265,304 ) (210,221 )

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

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

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 17 June 2025 and were signed on its behalf by:





K A Rowe - Director


A1 CAR SEARCH LIMITED (REGISTERED NUMBER: 08714283)

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


1. STATUTORY INFORMATION

A1 Car Search 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.

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

Turnover for the sale of vehicles is recognised when the risks and rewards of ownership are transferred to the purchaser, this occurs at the point the customer takes delivery. Turnover for the provision of fleet services is recognised as the company fulfils the contracted services.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current 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 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.

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.

Going concern
The company is financed by loans from the directors, who have committed that the funds currently made available to the company will remain in place for the foreseeable future and that additional funds may be made available if required.

Having considered the company's projected performance and expected cash flows, the directors have concluded that the company will be able to meets its liabilities as they fall due and is a going concern. As a result, these financial statements are prepared on a going concern basis.

3. EMPLOYEES

The average number of employees during the year was 4 (2023 - 3 ) .

A1 CAR SEARCH LIMITED (REGISTERED NUMBER: 08714283)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 189 24,128 3,087 27,404
Additions - - 680 680
At 30 September 2024 189 24,128 3,767 28,084
DEPRECIATION
At 1 October 2023 189 16,865 1,592 18,646
Charge for year - 1,923 690 2,613
At 30 September 2024 189 18,788 2,282 21,259
NET BOOK VALUE
At 30 September 2024 - 5,340 1,485 6,825
At 30 September 2023 - 7,263 1,495 8,758

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,843 141,415
Other debtors - 2,718
Prepayments and accrued income 5,517 6,693
10,360 150,826

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,291 34,013
Social security and other taxes 1,853 -
VAT 6,522 8,095
Other creditors 2,623 603
Directors' current accounts 370,116 477,319
Accruals and deferred income 2,300 9,600
406,705 529,630

Clydesdale Bank Plc hold a fixed and floating charge over all present and future assets of the company.