Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Directors

The director shown below has held office during the whole of the period from
1 July 2023 to 30 June 2024

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 September 2026

And signed on behalf of the board by:
Name: SOFIA BI
Status: Director

Profit And Loss Account

for the Period Ended 30 June 2024

Balance sheet

As at 30 June 2024

The notes form part of these financial statements

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 June 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Turnover represents the amounts receivable from the sale of used cars and light motor vehicles in the ordinary course of business, net of discounts, returns and value added tax. Turnover is recognised when the vehicle has been supplied to the customer and the significant risks and rewards of ownership have transferred.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of tangible fixed assets, less their estimated residual values, over their expected useful economic lives. The principal annual depreciation rates are: Motor vehicles – 25% reducing balance Fixtures, fittings and equipment – 25% reducing balance Computer equipment – 33% straight line Assets held as stock for resale, including used cars and light motor vehicles purchased for resale, are not treated as tangible fixed assets and are therefore not depreciated.

  Valuation information and policy

  Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. No assets have been included at a revalued amount.

Notes to the Financial Statements

for the Period Ended 30 June 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	4	0