East Anglia Car Audio and Performance Centre Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04522908

East Anglia Car Audio and Performance Centre Limited

Unaudited financial statements

31 March 2025

East Anglia Car Audio and Performance Centre Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		8,237		8,959

Current assets

Stocks		104,880	109,349
Debtors	7	11,919	11,718
Cash at bank and in hand		37,770	95,458
		---------	---------
		154,569	216,525

Creditors: Amounts falling due within one year	8	( 134,964)		( 171,696)
		---------		---------
Net current assets			19,605		44,829
			-------		-------
Total assets less current liabilities			27,842		53,788

Provisions

Taxation including deferred tax	( 2,029)	( 1,994)
	-------	-------
Net assets	25,813	51,794
	-------	-------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	24,813	50,794
	-------	-------
Shareholders funds	25,813	51,794
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:

Mr S J Daniels	Mrs H V Daniels
Director	Director

Company registration number: 04522908

East Anglia Car Audio and Performance Centre Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sixty Six, North Quay, Great Yarmouth, Norfolk, NR30 1HE. The trading address is Unit 3, Southtown Road, Great Yarmouth, NR31 0LA

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of employees during the year was 7 (2024: 7 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	90,000
	-------
Amortisation
At 1 April 2024 and 31 March 2025	90,000
	-------
Carrying amount
At 31 March 2025	–
	-------
At 31 March 2024	–
	-------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£
Cost
At 1 April 2024	27,713	2,300	7,368	37,381
Additions	1,355	–	–	1,355
	-------	------	------	-------
At 31 March 2025	29,068	2,300	7,368	38,736
	-------	------	------	-------
Depreciation
At 1 April 2024	21,951	828	5,643	28,422
Charge for the year	896	368	813	2,077
	-------	------	------	-------
At 31 March 2025	22,847	1,196	6,456	30,499
	-------	------	------	-------
Carrying amount
At 31 March 2025	6,221	1,104	912	8,237
	-------	------	------	-------
At 31 March 2024	5,762	1,472	1,725	8,959
	-------	------	------	-------

7. Debtors

	2025	2024
	£	£
Trade debtors	8,238	9,329
Other debtors	3,681	2,389
	-------	-------
	11,919	11,718
	-------	-------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	1,154	–
Trade creditors	24,678	31,228
Social security and other taxes	22,587	32,918
Other creditors	86,545	107,550
	---------	---------
	134,964	171,696
	---------	---------