REGISTERED NUMBER: 05352063 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EUROPEAN CAR CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Mumtaz

Mrs I Kauser

REGISTERED OFFICE:

27 St Cuthberts Street

Bedford

Bedfordshire

MK40 3JG

REGISTERED NUMBER:

05352063 (England and Wales)

ACCOUNTANTS:

Digital Tax Matters Limited

27 St Cuthberts Street

Bedford

MK40 3JG

FIXED ASSETS

Tangible assets

4

74,430

69,170

CURRENT ASSETS

Stocks

1,276

1,043

Debtors

5

174,969

107,314

Cash at bank and in hand

2,584

1,146

178,829

109,503

CREDITORS

Amounts falling due within one year

6

136,977

99,662

NET CURRENT ASSETS

41,852

9,841

TOTAL ASSETS LESS CURRENT LIABILITIES

116,282

79,011

CREDITORS

Amounts falling due after more than one year

7

12,807

22,879

NET ASSETS

103,475

56,132

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

103,375

56,032

SHAREHOLDERS' FUNDS

103,475

56,132

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

T Mumtaz - Director

Mrs I Kauser - Director

1.	STATUTORY INFORMATION

European Car Centre 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.

Plant and machinery

-

10% on cost

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

157,691

11,572

2,500

7,305

179,068

Additions

13,407

-

-

888

14,295

At 31 December 2024

171,098

11,572

2,500

8,193

193,363

DEPRECIATION

At 1 January 2024

92,208

8,995

2,250

6,445

109,898

Charge for year

7,890

645

63

437

9,035

At 31 December 2024

100,098

9,640

2,313

6,882

118,933

NET BOOK VALUE

At 31 December 2024

71,000

1,932

187

1,311

74,430

At 31 December 2023

65,483

2,577

250

860

69,170

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

101,872

61,277

Amounts owed by participating interests

73,097

40,086

Other debtors

-

5,951

174,969

107,314

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

66,119

49,389

Amounts owed to participating interests

40,113

40,554

Taxation and social security

26,652

9,005

Other creditors

4,093

714

136,977

99,662

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

12,807

22,879