102 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 185,142 185,142 719,052 417,462 1,136,514 11,520 1,124,994 707,532 xbrli:pure xbrli:shares iso4217:GBP 07186663 2024-04-01 2025-03-31 07186663 2025-03-31 07186663 2024-03-31 07186663 2023-04-01 2024-03-31 07186663 2024-03-31 07186663 2023-03-31 07186663 core:FurnitureFittings 2024-04-01 2025-03-31 07186663 core:MotorVehicles 2024-04-01 2025-03-31 07186663 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07186663 bus:Director1 2024-04-01 2025-03-31 07186663 core:WithinOneYear 2025-03-31 07186663 core:WithinOneYear 2024-03-31 07186663 core:NetGoodwill 2025-03-31 07186663 core:FurnitureFittings 2024-03-31 07186663 core:MotorVehicles 2024-03-31 07186663 core:FurnitureFittings 2025-03-31 07186663 core:MotorVehicles 2025-03-31 07186663 core:AfterOneYear 2025-03-31 07186663 core:AfterOneYear 2024-03-31 07186663 core:ShareCapital 2025-03-31 07186663 core:ShareCapital 2024-03-31 07186663 core:RetainedEarningsAccumulatedLosses 2025-03-31 07186663 core:RetainedEarningsAccumulatedLosses 2024-03-31 07186663 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 07186663 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-03-31 07186663 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 07186663 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2025-03-31 07186663 core:Non-currentFinancialInstruments 2025-03-31 07186663 core:Non-currentFinancialInstruments 2024-03-31 07186663 core:FurnitureFittings 2024-03-31 07186663 core:MotorVehicles 2024-03-31 07186663 bus:SmallEntities 2024-04-01 2025-03-31 07186663 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07186663 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07186663 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07186663 bus:FullAccounts 2024-04-01 2025-03-31 07186663 bus:OrdinaryShareClass1 2025-03-31 07186663 bus:OrdinaryShareClass1 2024-03-31 07186663 core:NetGoodwill 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 07186663
New Clean Dealership Services Limited
Filleted Unaudited Financial Statements
31 March 2025
New Clean Dealership Services Limited
Financial Statements
Year ended 31 March 2025
Contents
Page
Balance sheet
1
Notes to the financial statements
3
New Clean Dealership Services Limited
Balance Sheet
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
6
437,966
506,930
Investments
7
1,124,994
707,532
------------
------------
1,562,960
1,214,462
Current assets
Stocks
22,335
23,430
Debtors
8
258,426
263,913
Cash at bank and in hand
144,414
285,330
---------
---------
425,175
572,673
Creditors: amounts falling due within one year
9
149,935
182,861
---------
---------
Net current assets
275,240
389,812
------------
------------
Total assets less current liabilities
1,838,200
1,604,274
Creditors: amounts falling due after more than one year
10
722,751
563,943
Provisions
Taxation including deferred tax
84,932
95,872
------------
------------
Net assets
1,030,517
944,459
------------
------------
Capital and reserves
Called up share capital
11
100
100
Profit and loss account
1,030,417
944,359
------------
---------
Shareholders funds
1,030,517
944,459
------------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
New Clean Dealership Services Limited
Balance Sheet (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 23 July 2025 , and are signed on behalf of the board by:
Mr E Ray
Director
Company registration number: 07186663
New Clean Dealership Services Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kimberley House, 31 Burnt Oak Broadway, Edgware, Greater London, HA8 5LD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Deferred tax
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10 years straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 102 (2024: 107 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
185,142
---------
Amortisation
At 1 April 2024 and 31 March 2025
185,142
---------
Carrying amount
At 31 March 2025
---------
At 31 March 2024
---------
6. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024
1,121,958
285,678
1,407,636
Additions
89,361
52,450
141,811
Disposals
( 81,882)
( 81,882)
------------
---------
------------
At 31 March 2025
1,211,319
256,246
1,467,565
------------
---------
------------
Depreciation
At 1 April 2024
817,502
83,204
900,706
Charge for the year
98,454
47,534
145,988
Disposals
( 17,095)
( 17,095)
------------
---------
------------
At 31 March 2025
915,956
113,643
1,029,599
------------
---------
------------
Carrying amount
At 31 March 2025
295,363
142,603
437,966
------------
---------
------------
At 31 March 2024
304,456
202,474
506,930
------------
---------
------------
7. Investments
Investment properties
£
Cost
At 1 April 2024
719,052
Additions
417,462
------------
At 31 March 2025
1,136,514
------------
Impairment
At 1 April 2024 and 31 March 2025
11,520
------------
Carrying amount
At 31 March 2025
1,124,994
------------
At 31 March 2024
707,532
------------
The director is of the opinion that the carrying value of the company's investment property at the reporting date is the same as the market value. Therefore no fair value adjustment is required.
8. Debtors
2025
2024
£
£
Trade debtors
232,139
232,653
Prepayments and accrued income
22,287
27,260
Other debtors
4,000
4,000
---------
---------
258,426
263,913
---------
---------
9. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
15,365
60,281
Accruals and deferred income
345
1,114
Corporation tax
60,690
57,639
Social security and other taxes
62,225
58,464
Other creditors
11,310
5,363
---------
---------
149,935
182,861
---------
---------
10. Creditors: amounts falling due after more than one year
2025
2024
£
£
Directors loan accounts
722,751
563,943
---------
---------
At the reporting date, the company owed £722,751 (2024: £563,943) to the directors in respect of their interest free loan which does not have a fixed repayment date. The directors do not foresee any amount of the loan to be repaid within 12 months of the reporting date and therefore this has been disclosed under amounts falling due after more than one year.
11. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
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----
----
----