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Company Registration No. 14845262 (England and Wales)
Car-o-fair Ltd Unaudited accounts for the year ended 31 May 2025
Car-o-fair Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Car-o-fair Ltd Company Information for the year ended 31 May 2025
Director
ASLAM, Muhammad
Company Number
14845262 (England and Wales)
Registered Office
483 Cowbridge Road West Cardiff CF5 5TG Wales
Accountants
TAX HOUSE (NEWPORT) LIMITED 102a Commercial Street Newport NP20 1LU
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Car-o-fair Ltd Statement of financial position as at 31 May 2025
2025
Notes
£
Fixed assets
Tangible assets
4
2,954
Current assets
Inventories
188,000
Debtors
5
25,420
Cash at bank and in hand
12,697
226,117
Creditors: amounts falling due within one year
6
(205,358)
Net current assets
20,759
Net assets
23,713
Capital and reserves
Called up share capital
100
Profit and loss account
23,613
Shareholders' funds
23,713
For the year ending 31 May 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 24 February 2025 and were signed on its behalf by
ASLAM, Muhammad Director Company Registration No. 14845262
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Car-o-fair Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Car-o-fair Ltd is a private company, limited by shares, registered in England and Wales, registration number 14845262. The registered office is 483 Cowbridge Road West, Cardiff, CF5 5TG, Wales.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% & 25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Inventories
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.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
1,650
1,430
2,580
5,660
At 31 May 2025
1,650
1,430
2,580
5,660
Depreciation
At 1 June 2024
350
358
645
1,353
Charge for the year
350
358
645
1,353
At 31 May 2025
700
716
1,290
2,706
Net book value
At 31 May 2025
950
714
1,290
2,954
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Car-o-fair Ltd Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
£
Amounts falling due within one year
VAT
58
Other debtors
25,362
25,420
6
Creditors: amounts falling due within one year
2025
£
VAT
4,609
Trade creditors
85,202
Taxes and social security
4,674
Loans from directors
106,734
Accruals
4,139
205,358
7
Average number of employees
During the year the average number of employees was 5.
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