CG Car Sales Ltd


Directors	Mr I F Logan
	Mr B J White


Company Secretary	Mr B J White


Registered Address	Crapstone Garage Crapstone Garage
	Crapstone
	Yelverton
	PL20 7PJ


Registered Number	05183650 (England and Wales)

Statement of Financial Position
31 July 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Stocks	4	1,500		8,478
Cash at bank and on hand		29,237		26,460
		30,737		34,938
Creditors amounts falling due within one year	5	(30,589)		(35,623)
Net current assets (liabilities)			148		(685)
Total assets less current liabilities			148		(685)
Net assets			148		(685)
Capital and reserves
Called up share capital			4		4
Profit and loss account			144		(689)
Shareholders' funds			148		(685)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 12 November 2025, and are signed on its behalf by:

Mr I F Logan
Director
Registered Company No. 05183650

CG Car Sales Ltd

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and with the Companies Act 2006.

	Basis of preparation
	The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

	Functional and presentation currency
	The financial statements are prepared in sterling, which is the functional currency of the entity.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

	Stocks and work in progress
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Prior period adjustment
	The expenditure presented in the income statement has been restated for clarity and better categorisation. The restatement involves a reclassification of certain costs between the expense categories in the income statement. This adjustment does not impact the overall total costs; rather, it enhances the transparency and accuracy of cost allocation. The reclassified costs have been appropriately categorised to reflect their nature and align with the relevant accounting standards. No changes have been made to the total amount of company expenditure reported.

Prior period adjustment

The expenditure presented in the income statement has been restated for clarity and better categorisation. The restatement involves a reclassification of certain costs between the expense categories in the income statement. This adjustment does not impact the overall total costs; rather, it enhances the transparency and accuracy of cost allocation. The reclassified costs have been appropriately categorised to reflect their nature and align with the relevant accounting standards. No changes have been made to the total amount of company expenditure reported.

4.	Stocks

	2025	2024
	£	£
Finished goods	1,500	8,478
Total	1,500	8,478

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	169	169
Other creditors	28,967	34,134
Accrued liabilities and deferred income	1,453	1,320
Total	30,589	35,623