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REGISTERED NUMBER: 12783301 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Carplounge UK Ltd

Carplounge UK Ltd (Registered number: 12783301)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Carplounge UK Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: A Radmacher





REGISTERED OFFICE: Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG





REGISTERED NUMBER: 12783301 (England and Wales)





ACCOUNTANTS: Tuerner & Co Limited
Chartered Accountants
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG

Carplounge UK Ltd (Registered number: 12783301)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,629 23,974

CURRENT ASSETS
Stocks 6 44,977 221,589
Debtors 7 353,314 443,246
Cash at bank and in hand 139,274 108,744
537,565 773,579
CREDITORS
Amounts falling due within one year 8 305,347 592,634
NET CURRENT ASSETS 232,218 180,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,847

204,919

PROVISIONS FOR LIABILITIES - 1,565
NET ASSETS 243,847 203,354

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 243,846 203,353
SHAREHOLDERS' FUNDS 243,847 203,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2025 and were signed by:





A Radmacher - Director


Carplounge UK Ltd (Registered number: 12783301)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Carplounge UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised on delivery of goods to customers.

Where payment for goods is received before delivery to the customer takes place, this payment is classified as a creditor on the balance sheet.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Carplounge UK Ltd (Registered number: 12783301)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Warranties
Provision for expected costs of warranty obligations under sale agreements of goods are recognised at the date of sale of the relevant products. The amount recognised as a provision is the directors' best estimate of the consideration required to settle the present obligation at the balance sheet date, and takes into account historical information regarding the nature, frequency and average cost claims for such sales and also the risks and uncertainties surrounding the obligation. The provision is retained as a liability up to the date of expiry of the warranty period, typically being three years from the sale of the products.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 31,314 8,888 40,202
Additions - 600 600
At 31 December 2024 31,314 9,488 40,802
DEPRECIATION
At 1 January 2024 12,679 3,549 16,228
Charge for year 10,165 2,780 12,945
At 31 December 2024 22,844 6,329 29,173
NET BOOK VALUE
At 31 December 2024 8,470 3,159 11,629
At 31 December 2023 18,635 5,339 23,974

6. STOCKS
31.12.24 31.12.23
£    £   
Stocks 44,977 221,589

7. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 37,372 6,048
Other debtors 306,942 428,198
344,314 434,246

Carplounge UK Ltd (Registered number: 12783301)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. DEBTORS - continued
31.12.24 31.12.23
£    £   
Amounts falling due after more than one year:
Other debtors 9,000 9,000

Aggregate amounts 353,314 443,246

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 9,667 236,399
Taxation and social security 102,589 87,573
Other creditors 193,091 268,662
305,347 592,634

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 11,250 15,600
Between one and five years - 11,500
11,250 27,100

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 Ordinary 1 1 1

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
A Radmacher
Balance outstanding at start of year 294,416 264,719
Amounts advanced 1,235 48,976
Amounts repaid (111,343 ) (19,279 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 184,308 294,416

No interest is charged on the director's loan. The loan is repayable on demand.