Shropshire Car Sales Ltd

	Page
Abridged Statement of Financial Position	1—2
Notes to the Abridged Financial Statements	3

Registered number: 14348350

		30 September 2024		30 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		335		474

			335		474
CURRENT ASSETS
Stocks		4,635		9,550
Debtors		5,413		233
Cash at bank and in hand		584		3,617

		10,632		13,400
Creditors: Amounts Falling Due Within One Year		(16,171 )		(20,711 )

NET CURRENT ASSETS (LIABILITIES)			(5,539 )		(7,311 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(5,204 )		(6,837 )

NET LIABILITIES			(5,204 )		(6,837 )

CAPITAL AND RESERVES
Called up share capital	5		1		1
Income Statement			(5,205 )		(6,838 )

SHAREHOLDERS' FUNDS			(5,204)		(6,837)

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Shropshire Car Sales Ltd

Abridged Statement of Financial Position (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

S M Lees

Director

30 September 2025

The notes on page 3 form part of these financial statements.

1. General Information

Shropshire Car Sales Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14348350 . The registered office is Coach House Lodge, 70 Shropshire Street, Market Drayton, Shropshire, TF9 3DG.

The presentation currency of the financial statements is Pound Sterling (£) and are rounded to the nearest £1.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added taxes.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Computer Equipment	33% on cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Total
	£
Cost
As at 1 October 2023	620

As at 30 September 2024	620

Depreciation
As at 1 October 2023	146
Provided during the period	139

As at 30 September 2024	285

Net Book Value
As at 30 September 2024	335

As at 1 October 2023	474

5. Share Capital

	30 September 2024	30 September 2023
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

6. Ultimate Controlling Party

The company's ultimate controlling party is S M Lees .

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