Registered number
07809685
STREET CARS REDHILL LIMITED
Filleted Accounts
30 November 2024
STREET CARS REDHILL LIMITED
Registered number: 07809685
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - -
Tangible assets 4 175,000 175,000
175,000 175,000
Current assets
Stocks 5 - -
Debtors 6 5,000 33,685
Cash at bank and in hand 25,448 15,822
30,448 49,507
Creditors: amounts falling due within one year 7 (27,778) (48,170)
Net current assets 2,670 1,337
Total assets less current liabilities 177,670 176,337
Creditors: amounts falling due after more than one year 8 (74,531) (95,969)
Net assets 103,139 80,368
Capital and reserves
Called up share capital 100 100
Profit and loss account 103,039 80,268
Shareholders' funds 103,139 80,368
The directors are 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 directors acknowledge their 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.
Tahir Hussain
Director
Approved by the board on 21 August 2025
STREET CARS REDHILL LIMITED
Notes to the Accounts
for the year ended 30 November 2024
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 -
Additions -
Disposals -
At 30 November 2024 -
Amortisation
At 1 December 2023 -
Provided during the year -
On disposals -
At 30 November 2024 -
Net book value
At 30 November 2024 -
At 30 November 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 175,000 - - 175,000
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 30 November 2024 175,000 - - 175,000
Depreciation
At 1 December 2023 - - - -
Charge for the year - - - -
Surplus on revaluation - - - -
On disposals - - - -
At 30 November 2024 - - - -
Net book value
At 30 November 2024 175,000 - - 175,000
At 30 November 2023 175,000 - - 175,000
5 Stocks 2024 2023
£ £
Inventory - -
6 Debtors 2024 2023
£ £
Trade debtors 5,000 33,685
Other debtors - -
5,000 33,685
7 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans and overdrafts 3,858 10,382
Obligations under finance lease and hire purchase contracts - -
Trade creditors 3,492 22,612
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 20,428 14,676
Other creditors - 500
27,778 48,170
8 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans 71,001 85,186
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors 3,530 10,783
74,531 95,969
9 Related party transactions
There are no related party transactions as at 31st March 2023
10 Controlling party
The Company is controlled by the directors who own 100% of the called up share capital
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