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Registration number: 15471525

Exeter Used Cars Limited
Unaudited Filleted Financial Statements
for the Period from 7 February 2024 to 30 April 2025

Exeter Used Cars Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 4

Exeter Used Cars Limited

Company Information

Director | Mr S Clark

Registered office | 53 St. Marys Road Poole Dorset BH15 2LH

Accountants | Wortham Jaques Limited 130a High Street, Crediton, Devon EX17 3LQ

Exeter Used Cars Limited

(Registration number: 15471525)
Balance Sheet as at 30 April 2025

| Note | 2025 £
Current assets |  |
Stocks | 4 | 15,330
Creditors: Amounts falling due within one year | 5 | (15,931)
Net liabilities |  | (601)
Capital and reserves |  |
Retained earnings |  | (601)
Shareholders' deficit |  | (601)

For the financial period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 November 2025

......................................... Mr S Clark Director

Exeter Used Cars Limited

Notes to the Unaudited Financial Statements for the Period from 7 February 2024 to 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
53 St. Marys Road
Poole
Dorset
BH15 2LH
ENGLAND

These financial statements were authorised for issue by the director on 7 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company ceased trading on 30 April 2025, when the trade was transferred to a sole trade. Therefore, these financial statements have been prepared on a basis other than that of a going concern, which includes the writing down of the company’s assets to net realisable value. There are no contractual commitments that have become onerous at the balance sheet date. The financial statements do not include any provision for the future costs of terminating the business of the company except to the extent that such costs were committed at the balance sheet date.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Exeter Used Cars Limited

Notes to the Unaudited Financial Statements for the Period from 7 February 2024 to 30 April 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4 | Stocks

| 2025 £
Other inventories | 15,330

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Due within one year |
Taxation and social security | 190
Other creditors | 15,741
| 15,931

6 | Parent and ultimate parent undertaking

The ultimate controlling party is the company's directors.