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Company Registration No. 07942509 (England and Wales)
THE JOE MACARI CAR COMPANY LIMITED Unaudited accounts for the year ended 31 December 2024
THE JOE MACARI CAR COMPANY LIMITED Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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THE JOE MACARI CAR COMPANY LIMITED Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
247,263
329,021
Current assets
Inventories
3,650,453
2,955,889
Debtors
5
28,334,362
26,835,768
Cash at bank and in hand
3,956
9,641
31,988,771
29,801,298
Creditors: amounts falling due within one year
6
(1,984,894)
(1,668,665)
Net current assets
30,003,877
28,132,633
Total assets less current liabilities
30,251,140
28,461,654
Provisions for liabilities
Deferred tax
(12,794)
(28,107)
Net assets
30,238,346
28,433,547
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss account
30,237,346
28,432,547
Shareholders' funds
30,238,346
28,433,547
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2025 and were signed on its behalf by
J Macari Director Company Registration No. 07942509
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THE JOE MACARI CAR COMPANY LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
THE JOE MACARI CAR COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07942509. The registered office is 249-251 Merton Road, London, London, SW18 5EB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over lease term
Fixtures & fittings
25% on residual value
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
866,376
435,947
1,302,323
At 31 December 2024
866,376
435,947
1,302,323
Depreciation
At 1 January 2024
642,817
330,485
973,302
Charge for the year
57,758
24,000
81,758
At 31 December 2024
700,575
354,485
1,055,060
Net book value
At 31 December 2024
165,801
81,462
247,263
At 31 December 2023
223,559
105,462
329,021
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THE JOE MACARI CAR COMPANY LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Other debtors
28,334,362
26,835,768
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
7,200
86,128
Taxes and social security
1,421,527
1,295,220
Other creditors
491,167
217,317
Accruals
65,000
70,000
1,984,894
1,668,665
7
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
510 'A' Ordinary shares of £1 each
510
510
490 'B' Ordinary shares of £1 each
490
490
1,000
1,000
8
Guarantees provided on behalf of directors
The company has secured by a fixed and floating charge over its assets, borrowings made by the company, and other companies controlled by the director, Mr J.Macari.
9
Transactions with related parties
Transactions with the director amounted to £ 694,565 during the year. Nil balance outstanding. Sales of £ 4,558,282 during the year were made to companies owned and controlled by the director. At 31 December 2024, balances of £ 26,277,068 due from and £ 491,167 due to, existed with these related companies.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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