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Company Registration No. 10349007 (England and Wales)
M Cars Surrey Ltd Unaudited accounts for the year ended 31 August 2024
M Cars Surrey Ltd Unaudited accounts Contents
Page
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M Cars Surrey Ltd Company Information for the year ended 31 August 2024
Director
RAFIQ AHMED
Company Number
10349007 (England and Wales)
Registered Office
Heathview Eastbourne Road Lingfield RH7 6LG England
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M Cars Surrey Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,718 
49,849 
Investment property
190,000 
190,000 
233,718 
239,849 
Current assets
Inventories
656,715 
580,550 
Cash at bank and in hand
9,329 
19,632 
666,044 
600,182 
Creditors: amounts falling due within one year
(11,976)
(14,840)
Net current assets
654,068 
585,342 
Total assets less current liabilities
887,786 
825,191 
Creditors: amounts falling due after more than one year
(718,038)
(675,892)
Net assets
169,748 
149,299 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
169,746 
149,297 
Shareholders' funds
169,748 
149,299 
For the year ending 31 August 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 March 2025 and were signed on its behalf by
RAFIQ AHMED Director Company Registration No. 10349007
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M Cars Surrey Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
M Cars Surrey Ltd is a private company, limited by shares, registered in England and Wales, registration number 10349007. The registered office is Heathview, Eastbourne Road, Lingfield, RH7 6LG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 September 2023
55,980 
At 31 August 2024
55,980 
Depreciation
At 1 September 2023
6,131 
Charge for the year
6,131 
At 31 August 2024
12,262 
Net book value
At 31 August 2024
43,718 
At 31 August 2023
49,849 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
190,000 
At 31 August 2024
190,000 
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M Cars Surrey Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,741 
6,544 
Taxes and social security
6,235 
8,296 
11,976 
14,840 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
101,546 
156,652 
Obligations under finance leases and hire purchase contracts
51,060 
67,165 
Trade creditors
420,432 
307,075 
Other creditors
145,000 
145,000 
718,038 
675,892 
8
Average number of employees
During the year the average number of employees was 5 (2023: 6).
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