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Registered number: 11566685
Chase Cars Office Limited
Unaudited Financial Statements
For The Year Ended 30 September 2025
Richards Associates Limited
North Lodge Hawkesyard
Armitage Lane
Rugeley
Staffordshire
WS15 1PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11566685
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,189 8,339
4,189 8,339
CURRENT ASSETS
Debtors 5 879 240
Cash at bank and in hand - 1,361
879 1,601
Creditors: Amounts Falling Due Within One Year 6 (7,910 ) (7,826 )
NET CURRENT ASSETS (LIABILITIES) (7,031 ) (6,225 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,842 ) 2,114
Creditors: Amounts Falling Due After More Than One Year 7 (89 ) (3,956 )
NET LIABILITIES (2,931 ) (1,842 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (2,933 ) (1,844 )
SHAREHOLDERS' FUNDS (2,931) (1,842)
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For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C Somogy
Director
29 June 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Chase Cars Office Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11566685 . The registered office is 1a Brewery Street, Rugeley, WS15 2DY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% on cost
Computer Equipment 33% on cost
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 October 2024 33,250 2,500 35,750
As at 30 September 2025 33,250 2,500 35,750
Depreciation
As at 1 October 2024 24,911 2,500 27,411
Provided during the period 4,150 - 4,150
As at 30 September 2025 29,061 2,500 31,561
Net Book Value
As at 30 September 2025 4,189 - 4,189
As at 1 October 2024 8,339 - 8,339
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5. Debtors
2025 2024
£ £
Due within one year
Other debtors - 240
Directors' loan accounts 879 -
879 240
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 925 459
Bank loans and overdrafts 3,965 3,956
Corporation tax 389 929
Other taxes and social security 783 377
Net wages 998 -
Accruals and deferred income 850 826
Directors' loan accounts - 1,279
7,910 7,826
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 89 3,956
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2024 Amounts advanced Amounts repaid Amounts written off As at 30 September 2025
£ £ £ £ £
Mr Craig Somogy 1,278 (2,157 ) - - (879 )
The above loan is unsecured, interest free and repayable on demand.
The full amount of this loan was repaid within nine months of the company year end.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr and Mrs Somogy by virtue of their ownership of 100% of the issued share capital in the company.
11. Going concern
Total liabilities exceed total assets, however, the company is able to meet its liabilities as they fall due.
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