Company Registration No. 07115241 (England and Wales)
WORLD OF SUPERCARS LTD
Unaudited accounts
for the year ended 31 January 2026
WORLD OF SUPERCARS LTD
Statement of financial position
as at 31 January 2026
Tangible assets
577,278
577,471
Inventories
1,136,780
638,384
Cash at bank and in hand
64,171
186,068
Creditors: amounts falling due within one year
(311,565)
(143,037)
Net current assets
916,034
720,805
Net assets
1,493,312
1,298,276
Called up share capital
100
100
Profit and loss account
1,493,212
1,298,176
Shareholders' funds
1,493,312
1,298,276
For the year ending 31 January 2026 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 18 August 2026 and were signed on its behalf by
Vijay Ravat
Director
Company Registration No. 07115241
WORLD OF SUPERCARS LTD
Notes to the Accounts
for the year ended 31 January 2026
WORLD OF SUPERCARS LTD is a private company, limited by shares, registered in England and Wales, registration number 07115241. The registered office is 114 ROMAN ROAD, BIRSTALL, LEICESTER, LE4 4BE.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
25% Reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
WORLD OF SUPERCARS LTD
Notes to the Accounts
for the year ended 31 January 2026
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 February 2025
576,697
9,208
585,905
At 31 January 2026
576,697
9,208
585,905
At 1 February 2025
-
8,434
8,434
Charge for the year
-
193
193
At 31 January 2026
-
8,627
8,627
At 31 January 2026
576,697
581
577,278
At 31 January 2025
576,697
774
577,471
Finished goods
1,136,780
638,384
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2026
2025
Trade creditors
4,783
1,805
Taxes and social security
89,076
26,980
Other creditors
216,056
112,602
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2025: 2).