Company Registration No. 12179025 (England and Wales)
ICARS AUTOMOTIVE LTD
Unaudited accounts
for the year ended 31 March 2025
ICARS AUTOMOTIVE LTD
Company Information
for the year ended 31 March 2025
Company Number
12179025 (England and Wales)
Registered Office
11 Minehead Road
Bristol
Avon
BS4 1BL
England
Accountants
Faire Services Limited
Certified Accountants
50 Northover Road
Bristol
BS9 3LJ
ICARS AUTOMOTIVE LTD
Statement of financial position
as at 31 March 2025
Tangible assets
4,205
2,437
Inventories
134,419
123,169
Cash at bank and in hand
21,116
4,682
Creditors: amounts falling due within one year
(112,205)
(83,365)
Net current assets
43,330
44,486
Total assets less current liabilities
47,535
46,923
Creditors: amounts falling due after more than one year
(30,000)
(32,121)
Called up share capital
2
2
Profit and loss account
17,533
14,800
Shareholders' funds
17,535
14,802
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 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 1 January 2026 and were signed on its behalf by
Vasil Velkov
Director
Company Registration No. 12179025
ICARS AUTOMOTIVE LTD
Notes to the Accounts
for the year ended 31 March 2025
ICARS AUTOMOTIVE LTD is a private company, limited by shares, registered in England and Wales, registration number 12179025. The registered office is 11 Minehead Road, Bristol, Avon, BS4 1BL, 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.
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 April 2024
3,655
2,921
6,576
At 31 March 2025
3,655
6,521
10,176
At 1 April 2024
1,982
2,157
4,139
Charge for the year
658
1,174
1,832
At 31 March 2025
2,640
3,331
5,971
At 31 March 2025
1,015
3,190
4,205
At 31 March 2024
1,673
764
2,437
ICARS AUTOMOTIVE LTD
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
22,188
30,697
Taxes and social security
13,435
10,629
Loans from directors
59,216
15,312
6
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
30,000
30,000
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).