Company Registration No. 13264141 (England and Wales)
The Car Buying Hub Limited
Unaudited accounts
for the year ended 31 March 2025
The Car Buying Hub Limited
Unaudited accounts
Contents
The Car Buying Hub Limited
Company Information
for the year ended 31 March 2025
Directors
Mr M Nicholson
Mr AMD Clark
Company Number
13264141 (England and Wales)
Registered Office
13 Walcott Street
Hessle Road
Hull
East Yorkshire
HU3 4AU
UK
Accountants
AQ Client Services Limited
41 Southfield
Hessle
East Yorkshire
HU13 0EL
The Car Buying Hub Limited
Statement of financial position
as at 31 March 2025
Tangible assets
67,287
331
Inventories
131,416
276,043
Cash at bank and in hand
38,413
37,907
Creditors: amounts falling due within one year
(350,213)
(282,086)
Net current assets
38,367
176,668
Total assets less current liabilities
105,654
176,999
Creditors: amounts falling due after more than one year
(91,623)
(122,606)
Called up share capital
140
140
Profit and loss account
13,891
54,253
Shareholders' funds
14,031
54,393
For the year ending 31 March 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 30 December 2025 and were signed on its behalf by
Mr M Nicholson
Director
Company Registration No. 13264141
The Car Buying Hub Limited
Notes to the Accounts
for the year ended 31 March 2025
The Car Buying Hub Limited is a private company, limited by shares, registered in England and Wales, registration number 13264141. The registered office is 13 Walcott Street, Hessle Road, Hull, East Yorkshire, HU3 4AU, UK.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25.00% on a straight-line basis
Fixtures & fittings
33.33% on a straight-line basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation over 3 years.
Inventory of used vehicles has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension contributions were paid for a Director and are recognised in the profit and loss account at the time of payment.
4
Intangible fixed assets
Total
The Car Buying Hub Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Total
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
50 A Ordinary shares of £1 each
50
50
10 B Ordinary shares of £1 each
10
10
10 C Ordinary shares of £1 each
10
10
10 D Ordinary shares of £1 each
10
10
10 E Ordinary shares of £1 each
10
10
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans to Directors
-
23,070
-
23,070
Loans to Directors
-
29,127
-
29,127
During the year loans were made to both Directors. These loans were interest-free, unsecured and repayable upon demand. The balance of loans at the year end is £52197 (2024 £Nil).
8
Transactions with related parties
Elloughton Holdings Limited, an associated company, has made an interest-bearing loan to the company, repayable upon demand.
At the year-end date, the balance owed on this loan was £200000 (2024: £200000).
Interest paid in the year to Elloughton Holdings Limited on this loan was £16000 (2024: £10327)
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).