St Albans Car Sales Limited - Filleted accounts

Registered number

09042735

St Albans Car Sales Limited

Unaudited Financial Statements for the year ended

31 March 2025

St Albans Car Sales Limited
Report and accounts
Contents




	Page

Balance sheet	1

Notes to the accounts	2 - 5

St Albans Car Sales Limited
Registered number:		09042735
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets			-			-

Current assets
Stocks		362,507			460,110
Debtors	3	63,753			29,245
Cash at bank and in hand		209,847			170,417
		636,107			659,772

Creditors: amounts falling due within one year	4	(447,452)			(495,601)

Net current assets			188,655			164,171

Total assets less current liabilities			188,655			164,171

Creditors: amounts falling due after more than one year	5		(100,000)			(110,018)

Net assets			88,655			54,153

Capital and reserves
Called up share capital			2			2
Profit and loss account			88,653			54,151

Shareholders' funds			88,655			54,153

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 members have 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 financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The directors report and the profit and loss account have not been delivered to the Registrar of Companies.

The financial statements were approved and authorised for issue by the board on 3 September 2025 and were signed on its behalf by:


A Enstone
Director

St Albans Car Sales Limited
Notes to the Financial Statements
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance wish FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Property improvements	10 years
	Plant and machinery	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Financial instruments
	The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for the objective evidence of impairment. If the objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

	Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right of set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	The tax expense for the year comprises current and deferred tax.
	The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
	A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		5		2


3	Debtors		2025		2024
£				£

	Other debtors		63,753		29,245

4	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		10,038		56,816
	Trade creditors		18,988		37,876
	Corporation tax		21,576		7,052
	Other taxes and social security costs		4,626		791
	Other creditors		392,224		393,066
			447,452		495,601

5	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		100,000		110,018

	Secured bank loans		100,000		300,000

	The bank loans are secured over the assets of the company. The director has provided a personal guarantee over th eloans to the company.

6	Related party transactions
	Included in other creditors is an amount due to the director of £388,859 (2024 391,114). The loan is interest free and is repayable on demand.

7	Controlling party
	The ultimate controlling party is A Enstone by virtue of his ownership of the company.

8	Other information
	St Albans Car Sales Limited is a private company limited by shares and incorporated in England whose registered office is 33 Baldwins Lane, Croxley Green, Rickmansworth, WD3 3LS.