Registered number
13306092
Charles Oliver Cars Ltd
Filleted Accounts
31 March 2025
Charles Oliver Cars Ltd
Registered number: 13306092
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Current assets
Stocks 202,670 94,800
Debtors 3 (525) -
Cash at bank and in hand 75,263 21,666
277,408 116,466
Creditors: amounts falling due within one year 4 (132,396) (80,263)
Net current assets 145,012 36,203
Total assets less current liabilities 145,012 36,203
Creditors: amounts falling due after more than one year 5 (36,094) -
Net assets 108,918 36,203
Capital and reserves
Called up share capital 100 100
Profit and loss account 108,818 36,103
Shareholders' funds 108,918 36,203
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C O Butler
Director
Approved by the board on 31 July 2025
Charles Oliver Cars Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2025 2024
£ £
Trade debtors (525) -
4 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 13,125 -
Taxation and social security costs 27,987 8,200
Other creditors 91,284 72,063
132,396 80,263
5 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 36,094 -
6 Controlling party
C O Butler is the sole shareholder of the company
7 Other information
Charles Oliver Cars Ltd is a private company limited by shares and incorporated in England. Its registered office is:
43 Gordon Road
Thatcham
Berkshire
RG18 3DE
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