2022-11-01 2023-10-31 false Capium Accounts Production 1.1 13668719 2022-11-01 2023-10-31 13668719 bus:AbridgedAccounts 2022-11-01 2023-10-31 13668719 bus:FRS102 2022-11-01 2023-10-31 13668719 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13668719 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13668719 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13668719 2022-11-01 2023-10-31 13668719 2023-10-31 13668719 bus:RegisteredOffice 2022-11-01 2023-10-31 13668719 core:WithinOneYear 2023-10-31 13668719 core:AfterOneYear 2023-10-31 13668719 1 2022-11-01 2023-10-31 13668719 bus:Director1 2022-11-01 2023-10-31 13668719 bus:Director1 2023-10-31 13668719 bus:Director1 2021-10-08 2022-10-31 13668719 2021-10-08 13668719 bus:LeadAgentIfApplicable 2022-11-01 2023-10-31 13668719 2021-10-08 2022-10-31 13668719 2022-10-31 13668719 core:WithinOneYear 2022-10-31 13668719 core:AfterOneYear 2022-10-31 13668719 bus:EntityAccountantsOrAuditors 2021-10-08 2022-10-31 13668719 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 13668719 bus:OrdinaryShareClass1 2023-10-31 13668719 bus:OrdinaryShareClass1 2021-10-08 2022-10-31 13668719 bus:OrdinaryShareClass1 2022-10-31 13668719 core:MotorCars 2022-11-01 2023-10-31 13668719 core:MotorCars 2023-10-31 13668719 core:MotorCars 2022-10-31 13668719 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-10-31 13668719 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-10-31 13668719 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 13668719 core:CostValuation core:Non-currentFinancialInstruments 2022-10-31 13668719 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-10-31 13668719 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-10-31 13668719 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-10-31 13668719 core:Non-currentFinancialInstruments 2023-10-31 13668719 core:Non-currentFinancialInstruments 2022-10-31 13668719 core:ShareCapital 2023-10-31 13668719 core:ShareCapital 2022-10-31 13668719 core:RetainedEarningsAccumulatedLosses 2023-10-31 13668719 core:RetainedEarningsAccumulatedLosses 2022-10-31 13668719 dpl:Item1 2022-11-01 13668719 dpl:Item1 2023-10-31 13668719 dpl:Item1 2021-10-08 13668719 dpl:Item1 2022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 13668719
England and Wales

 

 

 

MARVELOUS CARS LTD



Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 6,171    8,816 
6,171    8,816 
Current assets      
Debtors 38,874    6,090 
Cash at bank and in hand 3,940    3,665 
42,814    9,755 
Creditors: amount falling due within one year (59,216)   (8,449)
Net current assets (16,402)   1,306 
 
Total assets less current liabilities (10,231)   10,122 
Creditors: amount falling due after more than one year (2,311)   (7,383)
Provisions for liabilities (1,172)   (1,675)
Net assets (13,714)   1,064 
 

Capital and reserves
     
Called up share capital 4 1    1 
Profit and loss account (13,715)   1,063 
Shareholders' funds (13,714)   1,064 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 18 June 2025 and were signed by:


-------------------------------
Marvelous Calimag Lara
Director
1
General Information
MARVELOUS CARS LTD is a private company, limited by shares, registered in England and Wales, registration number 13668719, registration address Sullington Manor Cottage, Sullington Lane, Storrington, Pulborough, RH20 4AE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 (A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 30% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 November 2022 12,594    12,594 
Additions  
Disposals  
At 31 October 2023 12,594    12,594 
Depreciation
At 01 November 2022 3,778    3,778 
Charge for year 2,645    2,645 
On disposals  
At 31 October 2023 6,423    6,423 
Net book values
Closing balance as at 31 October 2023 6,171    6,171 
Opening balance as at 01 November 2022 8,816    8,816 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1 Class A share of £1.00 each  
 

2