| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30th September 2024 |
| for |
| Car2trade Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30th September 2024 |
| for |
| Car2trade Ltd |
| Car2trade Ltd (Registered number: 13473206) |
| Contents of the Financial Statements |
| for the year ended 30th September 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Car2trade Ltd |
| Company Information |
| for the year ended 30th September 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Old Registrars |
| 57a High Street |
| Brandon |
| Suffolk |
| IP27 0AU |
| Car2trade Ltd (Registered number: 13473206) |
| Balance Sheet |
| 30th September 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 7 |
| 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 were approved by the Board of Directors and authorised for issue on |
| Car2trade Ltd (Registered number: 13473206) |
| Notes to the Financial Statements |
| for the year ended 30th September 2024 |
| 1. | STATUTORY INFORMATION |
| Car2trade Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Computer equipment | - |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - |
| Car2trade Ltd (Registered number: 13473206) |
| Notes to the Financial Statements - continued |
| for the year ended 30th September 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st October 2023 |
| and 30th September 2024 |
| DEPRECIATION |
| At 1st October 2023 |
| Charge for year |
| At 30th September 2024 |
| NET BOOK VALUE |
| At 30th September 2024 |
| At 30th September 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Tax |
| VAT | - | 690 |
| Directors' current accounts | 23,808 | 21,307 |
| Accrued expenses |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st October 2023 |
| Deficit for the year | ( |
) |
| At 30th September 2024 |
| Car2trade Ltd (Registered number: 13473206) |
| Notes to the Financial Statements - continued |
| for the year ended 30th September 2024 |
| 8. | RELATED PARTY DISCLOSURES |
| During the period the company bought goods and services totalling £nil (2023: £142,433) from Breckland Vehicle Specialists Ltd, a company in which Mr S J Moore is also a director. At the balance sheet date £nil (2023: £nil) was owing to Breckland Vehicle Specialists Ltd. These transactions were carried out at arms length. |
| During the period the company sold goods and services totalling £nil (2023: £69,842) to Breckland Vehicle Specialists Ltd. At the balance sheet date no monies were owing to the company. These transactions were carried out at arms length. |
| During the period the company was loaned monies by Breckland Vehicle Specialists Ltd totalling £8,753 (2023 loaned to: £26,740). At the balance balance sheet date £31,811 (2023: £40,564) was owing by Breckland Vehicle Specialists Ltd and is included within other debtors. |
| During the period the company sold goods and services totalling £nil (2023: £2,822) to Emporium Car Sales Ltd. At the balance sheet date no monies were owing to the company. These transactions were carried out at arms length. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr B Bryant. |