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Company Registration No. 09785691 (England and Wales)
Ideal Car Ltd Unaudited accounts for the year ended 20 September 2024
Ideal Car Ltd Unaudited accounts Contents
Page
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Ideal Car Ltd Company Information for the year ended 20 September 2024
Director
Sirforaz Sharif
Company Number
09785691 (England and Wales)
Registered Office
10 EGYPT ROAD NOTTINGHAM NG7 7GD ENGLAND
Accountants
Advice with Accounts Unit 50-51 Nottingham Business Centres Lenton Boulevard Nottingham NG7 2BY
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Ideal Car Ltd Accountants' report
Accountants' report to the director of Ideal Car Ltd on the preparation of the unaudited statutory accounts for the year ended 20 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ideal Car Ltd for the year ended 20 September 2024 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Ideal Car Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Ideal Car Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ideal Car Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ideal Car Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ideal Car Ltd. You consider that Ideal Car Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ideal Car Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Advice with Accounts Unit 50-51 Nottingham Business Centres Lenton Boulevard Nottingham NG7 2BY 24 July 2025
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Ideal Car Ltd Statement of financial position as at 20 September 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
1,210,577 
951,148 
Debtors
7,371 
9,206 
Cash at bank and in hand
28,739 
83,105 
1,246,687 
1,043,459 
Creditors: amounts falling due within one year
(486,313)
(423,488)
Net current assets
760,374 
619,971 
Total assets less current liabilities
760,374 
619,971 
Creditors: amounts falling due after more than one year
(17,224)
(27,418)
Net assets
743,150 
592,553 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
743,149 
592,552 
Shareholders' funds
743,150 
592,553 
For the year ending 20 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 July 2025 and were signed on its behalf by
Sirforaz Sharif Director Company Registration No. 09785691
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Ideal Car Ltd Notes to the Accounts for the year ended 20 September 2024
1
Statutory information
Ideal Car Ltd is a private company, limited by shares, registered in England and Wales, registration number 09785691. The registered office is 10 EGYPT ROAD, NOTTINGHAM, NG7 7GD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
7,371 
9,206 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
61,510 
3,542 
Taxes and social security
49,528 
45,671 
Loans from directors
375,275 
374,275 
486,313 
423,488 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,224 
27,418 
7
Average number of employees
During the year the average number of employees was 8 (2023: 6).
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