NI CAR SALES LTD

Company Registration Number:
NI664426 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

NI CAR SALES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

NI CAR SALES LTD

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 47,456 44,608
Total fixed assets: 47,456 44,608
Current assets
Stocks: 950,552 1,054,414
Debtors:   72,570 31,779
Cash at bank and in hand: 37,781 2,218
Total current assets: 1,060,903 1,088,411
Creditors: amounts falling due within one year:   (776,914) (692,133)
Net current assets (liabilities): 283,989 396,278
Total assets less current liabilities: 331,445 440,886
Total net assets (liabilities): 331,445 440,886
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 331,345 440,786
Shareholders funds: 331,445 440,886

The notes form part of these financial statements

NI CAR SALES LTD

Balance sheet statements

For the year ending 31 March 2025 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 25 September 2025
and signed on behalf of the board by:

Name: Michael Hoy
Status: Director

The notes form part of these financial statements

NI CAR SALES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

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

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows: Land and buildings 0% straight line Plant & machinery 20% straight line Fixtures, fittings & equipment 15% straight line The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

NI CAR SALES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 2 2

NI CAR SALES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 69,839
Additions 17,634
At 31 March 2025 87,473
Depreciation
At 01 April 2024 25,231
Charge for year 14,786
At 31 March 2025 40,017
Net book value
At 31 March 2025 47,456
At 31 March 2024 44,608