REGISTERED NUMBER: 07874960 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

YCC CARS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K E Birdsall

SECRETARY:

REGISTERED OFFICE:

Pegasus House

5 Winckley Court

Mount Street

Preston

Lancashire

PR1 8BU

REGISTERED NUMBER:

07874960 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,593

5,355

CURRENT ASSETS

Stocks

514,207

547,432

Debtors

5

12,495

65,215

Cash at bank and in hand

65,135

65,035

591,837

677,682

CREDITORS

Amounts falling due within one year

6

545,840

617,850

NET CURRENT ASSETS

45,997

59,832

TOTAL ASSETS LESS CURRENT LIABILITIES

50,590

65,187

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

50,589

65,186

SHAREHOLDERS' FUNDS

50,590

65,187

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 4th September 2025 and were signed by:

K E Birdsall - Director

1.	STATUTORY INFORMATION

YCC Cars Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st January 2024

3,820

11,148

14,968

Additions

-

841

841

At 31st December 2024

3,820

11,989

15,809

DEPRECIATION

At 1st January 2024

1,370

8,243

9,613

Charge for year

367

1,236

1,603

At 31st December 2024

1,737

9,479

11,216

NET BOOK VALUE

At 31st December 2024

2,083

2,510

4,593

At 31st December 2023

2,450

2,905

5,355

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,025

53,695

Other debtors

9,470

11,520

12,495

65,215

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans

120,000

99,750

Trade creditors

353,279

447,445

Corporation Tax

6,016

5,558

Social security and other taxes

2,217

1,387

VAT

12,285

33,705

Other creditors

14,967

22,696

Amounts due to related

undertakings

8,109

7,171

Directors' current accounts

28,967

138

545,840

617,850

7.	RELATED PARTY DISCLOSURES

The director, Mr K E Birdsall is also the director of YCC Service Centre Limited.

During the year, YCC Cars Limited traded with YCC Service Centre Limited. All transactions were carried out at arms length.

At the year end, £8,109 (2023 - £7,171) was outstanding and included in Amounts due to Related Undertakings under Creditors.

The directors believe all amounts are fully recoverable and that no further provisions are considered necessary.