See Cars Nottingham Limited - Filleted accounts

Registered number

09519840

See Cars Nottingham Limited

Filleted Accounts

31 March 2025

See Cars Nottingham Limited
Registered number:		09519840
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	4		-			-
Tangible assets	5		-			-
Investments	6		-			-
			-			-

Current assets
Stocks		238,769			243,894
Debtors		1,254			1,254
Investments held as current assets	8	-			-
Cash at bank and in hand		233,756			167,062
		473,779			412,210

Creditors: amounts falling due within one year		(112,943)			(84,241)

Net current assets			360,836			327,969

Total assets less current liabilities			360,836			327,969

Creditors: amounts falling due after more than one year			-			(12,758)

Provisions for liabilities			-			-


Net assets			360,836			315,211

Capital and reserves
Called up share capital			-			-
Share premium			-			-
Revaluation reserve	12		-			-
Profit and loss account			360,836			315,211

Shareholder's funds			360,836			315,211

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Craig Roe
Director
Approved by the board on 22 December 2025

See Cars Nottingham Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.




	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	4		4




	Debtors	2025		2024
£			£

	Trade debtors	1,202		1,202
	Amounts owed by group undertakings and undertakings in which the company has a participating interest	-		-
	Deferred tax asset	-		-
	Other debtors	52		52
		1,254		1,254

	Amounts due after more than one year included above	-		-



	Creditors: amounts falling due within one year	2025		2024
£			£

	Non-equity preference shares	-		-
	Bank loans and overdrafts	9,216		4,800
	Obligations under finance lease and hire purchase contracts	-		-
	Trade creditors	1,218		449
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	-		-
	Taxation and social security costs	61,115		18,587
	Other creditors	41,394		60,405
		112,943		84,241


	Creditors: amounts falling due after one year	2025		2024
£			£

	Non-equity preference shares	-		-
	Bank loans	-		12,758
	Obligations under finance lease and hire purchase contracts	-		-
	Trade creditors	-		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	-		-
	Other creditors	-		-
		-		12,758



	Other information

	See Cars Nottingham Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 Old Hall Mill Business Park
	Alfreton Road
	Little Eaton
	Derby
	DE21 5EJ