FAMILY AUTOS LTD

Company Registration Number:
07874132 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

FAMILY AUTOS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

FAMILY AUTOS LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 57,782 69,876
Total fixed assets: 57,782 69,876
Current assets
Stocks: 882,225 721,641
Debtors:   159,517 186,354
Cash at bank and in hand: 264,078 423,977
Total current assets: 1,305,820 1,331,972
Creditors: amounts falling due within one year: 4 (55,653) (88,501)
Net current assets (liabilities): 1,250,167 1,243,471
Total assets less current liabilities: 1,307,949 1,313,347
Provision for liabilities: (8,125) (10,446)
Total net assets (liabilities): 1,299,824 1,302,901
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,299,724 1,302,801
Shareholders funds: 1,299,824 1,302,901

The notes form part of these financial statements

FAMILY AUTOS LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 May 2025
and signed on behalf of the board by:

Name: M C Hickey
Status: Director

The notes form part of these financial statements

FAMILY AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FAMILY AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

FAMILY AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 171,945
Additions 669
At 31 December 2024 172,614
Depreciation
At 01 January 2024 102,069
Charge for year 12,763
At 31 December 2024 114,832
Net book value
At 31 December 2024 57,782
At 31 December 2023 69,876

FAMILY AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

Trade Creditors 2274 Corporation tax 45986 Social Security and other taxes 788 Accrued expenses 6605