Company Registration No. 06971486 (England and Wales)
Nova Cars Limited
Unaudited accounts
for the year ended 31 July 2025
Nova Cars Limited
Unaudited accounts
Contents
Nova Cars Limited
Company Information
for the year ended 31 July 2025
Directors
T J Prew
S M Prew
Company Number
06971486 (England and Wales)
Registered Office
Nova Cars Limited
2 Granville Avenue
NEWPORT
Shropshire
TF10 7DX
England
Nova Cars Limited
Statement of financial position
as at 31 July 2025
Tangible assets
395,021
395,021
Inventories
469,251
495,324
Cash at bank and in hand
144,035
168,025
Creditors: amounts falling due within one year
(297,640)
(278,805)
Net current assets
274,250
273,490
Total assets less current liabilities
669,271
668,511
Creditors: amounts falling due after more than one year
(53,585)
(78,177)
Net assets
615,686
590,334
Called up share capital
2
2
Profit and loss account
615,684
590,332
Shareholders' funds
615,686
590,334
For the year ending 31 July 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.
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 29 April 2026 and were signed on its behalf by
T J Prew
Director
Company Registration No. 06971486
Nova Cars Limited
Notes to the Accounts
for the year ended 31 July 2025
Nova Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 06971486. The registered office is Nova Cars Limited, 2 Granville Avenue , NEWPORT, Shropshire, TF10 7DX, 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
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 August 2024
395,021
58,859
3,536
11,586
18,417
487,419
At 31 July 2025
395,021
58,859
3,536
11,586
18,417
487,419
At 1 August 2024
-
58,859
3,536
11,586
18,417
92,398
At 31 July 2025
-
58,859
3,536
11,586
18,417
92,398
At 31 July 2025
395,021
-
-
-
-
395,021
At 31 July 2024
395,021
-
-
-
-
395,021
Nova Cars Limited
Notes to the Accounts
for the year ended 31 July 2025
Amounts falling due within one year
Trade debtors
(58,621)
(120,022)
Accrued income and prepayments
11,899
7,477
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
23,400
22,200
Trade creditors
46,232
25,510
Taxes and social security
26,895
43,366
Other creditors
22,575
22,574
Loans from directors
144,951
120,859
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).