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Company Registration No. 8659653 (England and Wales)
Elite Cars of Bicester Limited Unaudited accounts for the year ended 31 August 2025
Elite Cars of Bicester Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Elite Cars of Bicester Limited Company Information for the year ended 31 August 2025
Director
Parminder TAKHAR
Company Number
8659653 (England and Wales)
Registered Office
51 Heather Road, Binley Woods COVENTRY West Midlands CV3 2DE United Kingdom
Accountants
MJS BUSINESS MANAGEMENT SERVICES LTD 51 HEATHER ROAD BINLEY WOODS COVENTRY CV3 2DE
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Elite Cars of Bicester Limited Statement of financial position as at 31 August 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
142,926 
135,051 
Current assets
Debtors
5
22,364 
56,462 
Cash at bank and in hand
284,895 
221,016 
307,259 
277,478 
Creditors: amounts falling due within one year
6
(86,635)
(125,070)
Net current assets
220,624 
152,408 
Total assets less current liabilities
363,550 
287,459 
Creditors: amounts falling due after more than one year
7
(179,844)
(151,990)
Net assets
183,706 
135,469 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
183,606 
135,369 
Shareholders' funds
183,706 
135,469 
For the year ending 31 August 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 28 May 2026 and were signed on its behalf by
Parminder TAKHAR Director Company Registration No. 8659653
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Elite Cars of Bicester Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Elite Cars of Bicester Limited is a private company, limited by shares, registered in England and Wales, registration number 8659653. The registered office is 51 Heather Road, , Binley Woods, COVENTRY, West Midlands, CV3 2DE, United Kingdom.
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 remained unchanged from the previous year, and also 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:
Motor vehicles
25% Reducing balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2024
227,059 
1,833 
228,892 
Additions
55,429 
- 
55,429 
At 31 August 2025
282,488 
1,833 
284,321 
Depreciation
At 1 September 2024
92,666 
1,175 
93,841 
Charge for the year
47,456 
98 
47,554 
At 31 August 2025
140,122 
1,273 
141,395 
Net book value
At 31 August 2025
142,366 
560 
142,926 
At 31 August 2024
134,393 
658 
135,051 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,364 
56,462 
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Elite Cars of Bicester Limited Notes to the Accounts for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
30,323 
57,741 
Trade creditors
2,948 
5,616 
Taxes and social security
37,339 
32,927 
Other creditors
(173)
12,588 
Accruals
16,198 
16,198 
86,635 
125,070 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
25,454 
31,351 
Obligations under finance leases and hire purchase contracts
107,557 
89,861 
Loans from directors
46,833 
30,778 
179,844 
151,990 
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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