| Licensed Cars Limited |
| Registered number: |
08209434 |
| Balance Sheet |
| as at 30 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
4 |
|
|
1,000 |
|
|
2,000 |
|
| Current assets |
| Cash at bank and in hand |
|
|
- |
|
|
8,134 |
|
| Creditors: amounts falling due within one year |
5 |
|
(52,878) |
|
|
(43,379) |
|
| Net current liabilities |
|
|
|
(52,878) |
|
|
(35,245) |
|
| Total assets less current liabilities |
|
|
|
(51,878) |
|
|
(33,245) |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(10,931) |
|
|
(16,964) |
|
|
|
| Net liabilities |
|
|
|
(62,809) |
|
|
(50,209) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(62,811) |
|
|
(50,211) |
|
| Shareholder's funds |
|
|
|
(62,809) |
|
|
(50,209) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
|
| Sohail Alonso-Zandari |
| Director |
| Approved by the board on 13 September 2025 |
|
| Licensed Cars Limited |
| Notes to the Accounts |
| for the year ended 30 September 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 represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Interest payable |
2024 |
|
2023 |
| £ |
£ |
|
|
Interest payable |
696 |
|
1,109 |
|
|
|
|
|
|
|
|
|
| 4 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 October 2023 |
10,000 |
|
At 30 September 2024 |
10,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 October 2023 |
8,000 |
|
Provided during the year |
1,000 |
|
At 30 September 2024 |
9,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2024 |
1,000 |
|
At 30 September 2023 |
2,000 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
1,432 |
|
- |
|
Taxation and social security costs |
(6,978) |
|
- |
|
Other creditors |
58,424 |
|
43,379 |
|
|
|
|
|
|
52,878 |
|
43,379 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
10,931 |
|
16,964 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Licensed Cars Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
296 Old Kent Road |
|
Peckham |
|
London |
|
SE1 5UE |