Company Registration No. 11504448 (England and Wales)
A1CARSOFCORNWALL. LTD
Unaudited accounts
for the period from 1 September 2023 to 30 August 2024
A1CARSOFCORNWALL. LTD
Unaudited accounts
Contents
A1CARSOFCORNWALL. LTD
Company Information
for the period from 1 September 2023 to 30 August 2024
Company Number
11504448 (England and Wales)
Registered Office
Trevenen Garage
Trevenen
Helston
Cornwall
TR13 0ND
Accountants
Laws Accountancy Ltd
Lukes Cottage
Green Lane Mawla
Redruth
Cornwall
TR16 5DW
A1CARSOFCORNWALL. LTD
Statement of financial position
as at 30 August 2024
Inventories
292,568
325,655
Cash at bank and in hand
115,004
98,041
Creditors: amounts falling due within one year
(322,718)
(431,965)
Net current assets
98,862
42,331
Total assets less current liabilities
101,602
43,007
Creditors: amounts falling due after more than one year
(20,843)
(28,706)
Called up share capital
4
4
Profit and loss account
80,755
14,297
Shareholders' funds
80,759
14,301
For the period ending 30 August 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 director acknowledges his 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 and authorised for issue on 7 January 2026 and were signed on its behalf by
Trevor Carroll
Director
Company Registration No. 11504448
A1CARSOFCORNWALL. LTD
Notes to the Accounts
for the period from 1 September 2023 to 30 August 2024
A1CARSOFCORNWALL. LTD is a private company, limited by shares, registered in England and Wales, registration number 11504448. The registered office is Trevenen Garage, Trevenen, Helston, Cornwall, TR13 0ND.
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 period, 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:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
-
1,009
1,009
At 30 August 2024
3,050
1,009
4,059
At 1 September 2023
-
333
333
Charge for the period
763
223
986
At 30 August 2024
763
556
1,319
At 30 August 2024
2,287
453
2,740
At 31 August 2023
-
676
676
A1CARSOFCORNWALL. LTD
Notes to the Accounts
for the period from 1 September 2023 to 30 August 2024
Amounts falling due within one year
Accrued income and prepayments
2,369
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
181,677
7,229
Trade creditors
60,142
320,040
Taxes and social security
2,932
(17,534)
Other creditors
4,239
10,504
Loans from directors
73,728
111,726
7
Creditors: amounts falling due after more than one year
2024
2023
The balance of the loan from Directors to the Company was £73,728.40 as at 30 August 2024. The loan is interest free and repayable on demand.
9
Average number of employees
During the period the average number of employees was 8 (2023: 8).