Company Registration No. 14605698 (England and Wales)
Fast Lane Car Group Ltd
Unaudited accounts
for the year ended 31 January 2025
Fast Lane Car Group Ltd
Unaudited accounts
Contents
Fast Lane Car Group Ltd
Company Information
for the year ended 31 January 2025
Director
Haroon Ali Hussain
Company Number
14605698 (England and Wales)
Registered Office
Unit 1 895 High Road
Chadwell Health
Romford
RM6 4HL
England
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Fast Lane Car Group Ltd
Statement of financial position
as at 31 January 2025
Called up share capital not paid
800
800
Tangible assets
2,165
2,205
Cash at bank and in hand
4,797
32,358
Creditors: amounts falling due within one year
(66,784)
(35,450)
Net current liabilities
(3,252)
(2,927)
Net (liabilities)/assets
(287)
78
Called up share capital
800
800
Profit and loss account
(1,087)
(722)
Shareholders' funds
(287)
78
For the year ending 31 January 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 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
Haroon Ali Hussain
Director
Company Registration No. 14605698
Fast Lane Car Group Ltd
Notes to the Accounts
for the year ended 31 January 2025
Fast Lane Car Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 14605698. The registered office is Unit 1 895 High Road, Chadwell Health, Romford, RM6 4HL, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Plant & machinery
20% on cost
Fixtures & fittings
10% on cost
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.
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.
Fast Lane Car Group Ltd
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2024
633
1,668
2,301
At 31 January 2025
920
1,668
2,588
At 1 February 2024
13
83
96
Charge for the year
160
167
327
At 31 January 2025
173
250
423
At 31 January 2025
747
1,418
2,165
At 31 January 2024
620
1,585
2,205
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
64,836
35,000
Allotted, called up and fully paid:
800 Ordinary shares of £1 each
800
800
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).