Company Registration No. 10219880 (England and Wales)
Sussex Car Centre Limited
Unaudited accounts
for the year ended 30 June 2024
Sussex Car Centre Limited
Unaudited accounts
Contents
Sussex Car Centre Limited
Company Information
for the year ended 30 June 2024
Directors
A L Sharp
C L Morris
Company Number
10219880 (England and Wales)
Registered Office
1 The Glen
Worthing
West Sussex
BN13 2AD
England
Accountants
Darling & Co
1 The Glen
Worthing
West Sussex
BN13 2AD
Sussex Car Centre Limited
Accountants' report
Accountants' report to the board of directors of Sussex Car Centre Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Sussex Car Centre Limited for the year ended
30 June 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Sussex Car Centre Limited, as a body, in accordance with the terms of our engagement letter dated 1 July 2025. Our work has been undertaken solely to prepare for your approval the accounts of Sussex Car Centre Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sussex Car Centre Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sussex Car Centre Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sussex Car Centre Limited. You consider that Sussex Car Centre Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sussex Car Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Darling & Co
1 The Glen
Worthing
West Sussex
BN13 2AD
6 November 2025
Sussex Car Centre Limited
Statement of financial position
as at 30 June 2024
Investment property
149,500
140,000
Inventories
257,500
270,000
Cash at bank and in hand
2,607
5,773
Creditors: amounts falling due within one year
(274,624)
(273,408)
Net current assets
145,632
147,698
Total assets less current liabilities
295,132
287,698
Creditors: amounts falling due after more than one year
(127,897)
(107,700)
Provisions for liabilities
Deferred tax
(4,055)
(4,055)
Net assets
163,180
175,943
Called up share capital
2
2
Fair value reserve
17,287
17,287
Profit and loss account
145,891
158,654
Shareholders' funds
163,180
175,943
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by
A L Sharp
Director
Company Registration No. 10219880
Sussex Car Centre Limited
Notes to the Accounts
for the year ended 30 June 2024
Sussex Car Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 10219880. The registered office is 1 The Glen, Worthing, West Sussex, BN13 2AD, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Sussex Car Centre Limited
Notes to the Accounts
for the year ended 30 June 2024
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Fair value at 1 July 2023
140,000
Finished goods
257,500
270,000
Amounts falling due within one year
Other debtors
160,149
115,833
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
29,769
9,840
Trade creditors
25,341
4,950
Taxes and social security
53,728
49,685
Other creditors
121,678
124,340
Loans from directors
1,959
61,565
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
127,897
107,700
Sussex Car Centre Limited
Notes to the Accounts
for the year ended 30 June 2024
9
Deferred taxation
2024
2023
Revaluation of investment property
4,055
4,055
Provision at start of year
4,055
4,055
Provision at end of year
4,055
4,055
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).