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REGISTERED NUMBER: 13473206 (England and Wales)









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: Mr B Bryant
Mr S J Moore





REGISTERED OFFICE: 16 Wimbledon Avenue
Brandon
Suffolk
IP27 0NZ





REGISTERED NUMBER: 13473206 (England and Wales)





ACCOUNTANTS: TWR 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 2,082 2,645

CURRENT ASSETS
Debtors 5 36,311 45,064
Cash at bank - 447
36,311 45,511
CREDITORS
Amounts falling due within one year 6 24,407 32,587
NET CURRENT ASSETS 11,904 12,924
TOTAL ASSETS LESS CURRENT LIABILITIES 13,986 15,569

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 13,886 15,469
13,986 15,569

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 23rd July 2025 and were signed on its behalf by:





Mr S J Moore - Director


Car2trade Ltd (Registered number: 13473206)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

Car2trade Ltd 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.

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.

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 - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 - 3 ).

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 1,282 3,236 4,518
DEPRECIATION
At 1st October 2023 306 1,567 1,873
Charge for year 146 417 563
At 30th September 2024 452 1,984 2,436
NET BOOK VALUE
At 30th September 2024 830 1,252 2,082
At 30th September 2023 976 1,669 2,645

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 31,811 40,564
Prepayments 4,500 4,500
36,311 45,064

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 4,618
Tax - 4,676
VAT - 690
Directors' current accounts 23,808 21,307
Accrued expenses 599 1,296
24,407 32,587

7. RESERVES
Retained
earnings
£   

At 1st October 2023 15,469
Deficit for the year (1,583 )
At 30th September 2024 13,886

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.