North Cars Ltd - Filleted accounts

Registered number

11862080

North Cars Ltd

Unaudited Filleted Accounts

31 March 2025

TEMPLETONS (HOLDINGS) LTD

CHARTERED ACCOUNTANTS

309 HOE STREET

WALTHAMSTOW

LONDON E17 9BG

North Cars Ltd
Registered number:		11862080
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		28,095			37,461

Current assets
Debtors	4	56,399			656,399
Cash at bank and in hand		35,492			26,721
		91,891			683,120

Creditors: amounts falling due within one year	5	(226,541)			(763,704)

Net current liabilities			(134,650)			(80,584)

Total assets less current liabilities			(106,555)			(43,123)

Creditors: amounts falling due after more than one year	6		-			(4,646)



Net liabilities			(106,555)			(47,769)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(106,655)			(47,869)

Shareholder's funds			(106,555)			(47,769)

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.




Faisal Kayani
Director
Approved by the board on 22 December 2025

North Cars Ltd
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicle	25% reducing balance method

	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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	375		143,523		143,898
	At 31 March 2025	375		143,523		143,898

	Depreciation
	At 1 April 2024	216		106,221		106,437
	Charge for the year	40		9,326		9,366
	At 31 March 2025	256		115,547		115,803

	Net book value
	At 31 March 2025	119		27,976		28,095
	At 31 March 2024	159		37,302		37,461


4	Debtors			2025		2024
£					£

	Other debtors			56,399		656,399


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

	Trade creditors			-		8,000
	Taxation and social security costs			26,300		24,851
	Other creditors			200,241		730,853
				226,541		763,704


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

	Bank loans			-		4,646


7	Controlling party

	The company was under the control of Mr Faisal Kayani- a director of the company throughout the year.


8	Other information

	North Cars Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	309 Hoe Street
	Walthamstow
	LONDON
	E17 9BG