Cars 360 Ltd - Filleted accounts

Registered number

12333235

Cars 360 Ltd

Filleted Accounts

30 November 2025

Cars 360 Ltd
Registered number:		12333235
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		21,803			27,449

Current assets
Stocks		135,000			100,000
Debtors	4	28,855			9,280
Cash at bank and in hand		2,215			13,575
		166,070			122,855

Creditors: amounts falling due within one year	5	(164,863)			(130,047)

Net current assets/(liabilities)			1,207			(7,192)

Net assets			23,010			20,257

Capital and reserves
Called up share capital			100			100
Profit and loss account			22,910			20,157

Shareholders' funds			23,010			20,257

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mehmet Findik
Director
Approved by the board on 23 July 2026

Cars 360 Ltd
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 December 2024	33,413		14,500		47,913
	At 30 November 2025	33,413		14,500		47,913

	Depreciation
	At 1 December 2024	12,893		7,571		20,464
	Charge for the year	4,260		1,386		5,646
	At 30 November 2025	17,153		8,957		26,110

	Net book value
	At 30 November 2025	16,260		5,543		21,803
	At 30 November 2024	20,520		6,929		27,449


4	Debtors			2025		2024
£					£

	Trade debtors			12,575		-
	Other debtors			16,280		9,280
				28,855		9,280


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			2,073		2,860
	Trade creditors			57,613		20,316
	Taxation and social security costs			6,573		4,810
	Other creditors			98,604		102,061
				164,863		130,047


6	Controlling party

	Company director, Mr Mehmet Findik, controls the company by virtue of holding 100% of all issued share capital.


7	Other information

	Cars 360 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	8 Clock House Parade
	North Circular Road
	London
	N13 6BG