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Registered number: 7452846
NETWORK CARS ESSEX LTD
Financial Statements
For the Period 1 December 2024 to 31 July 2025
MUFTICO LTD
FINANCIAL ACCOUNTANTS
14 NATAL ROAD
ILFORD
ESSEX
IG1 2HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 7452846
31 July 2025 30 November 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 7,842
- 7,842
CURRENT ASSETS
Debtors 5 - 1,242
Cash at bank and in hand - 18,243
- 19,485
Creditors: Amounts Falling Due Within One Year 6 - (4,609 )
NET CURRENT ASSETS (LIABILITIES) - 14,876
TOTAL ASSETS LESS CURRENT LIABILITIES - 22,718
NET ASSETS - 22,718
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account (3 ) 22,715
SHAREHOLDERS' FUNDS - 22,718
Page 1
Page 2
For the period ending 31 July 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 5 August 2025 and were signed on its behalf by:
Mr JUSTIN MAGRO
Director
05/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NETWORK CARS ESSEX LTD is a private company, limited by shares, incorporated in England & Wales, registered number 7452846 . The registered office is 68 WEALD BRIDGE ROAD, NORTH WEALD, EPPING, ESSEX, CM16 6ES.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 25%
3. Average Number of Employees
Average number of employees, including directors, during the period was:
31 July 2025 30 November 2024
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2024 7,176 21,651 28,827
Disposals (7,176 ) (21,651 ) (28,827 )
As at 31 July 2025 - - -
Depreciation
As at 1 December 2024 6,186 14,799 20,985
Disposals (6,186 ) (14,799 ) (20,985 )
As at 31 July 2025 - - -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2025 - - -
As at 1 December 2024 990 6,852 7,842
5. Debtors
31 July 2025 30 November 2024
£ £
Due within one year
Prepayments and accrued income - 18
VAT - 1,224
- 1,242
6. Creditors: Amounts Falling Due Within One Year
31 July 2025 30 November 2024
£ £
Trade creditors - 2
Accruals and deferred income - 1,450
Directors' loan accounts - 3,157
- 4,609
7. Share Capital
31 July 2025 30 November 2024
£ £
Allotted, Called up and fully paid 3 3
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
31 July 2025 30 November 2024
£ £
Mr JUSTIN MAGRO 13,149 6,000
Mrs Deborah Colloff 6,575 3,000
Page 4
Page 5
9. Dividends
31 July 2025 30 November 2024
£ £
On equity shares:
Final dividend paid 19,724 9,000
10. Controlling Party
The company's controlling party is Mr. J. C. Magro by virtue of his ownership of  67 % of the issued share capital in the company.
Page 5