iCars (Swale) Ltd,Ltd - AccountsLtd - Accounts

iCars (Swale) Ltd,Ltd - AccountsLtd - Accounts

ICARS (SWALE) LTD - Company Information

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2018-02-01 09970682 2019-01-31 09970682 2018-02-01 2019-01-31 09970682 2018-01-31 09970682 2017-02-01 2018-01-31 09970682 uk-core:WithinOneYear 2018-01-31 09970682 uk-core:WithinOneYear 2019-01-31 09970682 uk-core:AfterOneYear 2018-01-31 09970682 uk-core:AfterOneYear 2019-01-31 09970682 uk-core:ShareCapital 2019-01-31 09970682 uk-core:ShareCapital 2018-01-31 09970682 uk-core:RetainedEarningsAccumulatedLosses 2019-01-31 09970682 uk-core:RetainedEarningsAccumulatedLosses 2018-01-31 09970682 uk-bus:Director1 2018-02-01 2019-01-31 09970682 uk-core:NetGoodwill 2018-02-01 2019-01-31 09970682 uk-core:CommercialMotorVehicles 2018-02-01 2019-01-31 09970682 uk-core:FurnitureFittings 2018-02-01 2019-01-31 09970682 uk-core:Goodwill 2018-01-31 09970682 uk-core:Goodwill 2018-02-01 2019-01-31 09970682 uk-core:Goodwill 2019-01-31 09970682 uk-core:FurnitureFittings 2018-01-31 09970682 uk-core:CommercialMotorVehicles 2018-01-31 09970682 uk-core:CommercialMotorVehicles 2019-01-31 09970682 uk-core:FurnitureFittings 2019-01-31 iso4217:GBP 09970682 uk-bus:AuditExemptWithAccountantsReport 2018-02-01 2019-01-31 09970682 uk-bus:FRS102 2018-02-01 2019-01-31 09970682 uk-bus:FullAccounts 2018-02-01 2019-01-31 09970682 uk-bus:PrivateLimitedCompanyLtd 2018-02-01 2019-01-31
iCars (Swale) Ltd
Registered Number:09970682
For the year ended 31 January 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2019
iCars (Swale) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 January 2019
iCars (Swale) Ltd
Statement of Financial Position
Registered Number :
09970682
£
£
2018
2019
Notes
Fixed assets
Intangible assets
7,200
6,000
2
Property, plant and equipment
60,535
48,508
3
67,735
54,508
Current assets
Trade and other receivables
22,992
8,432
4
1,995
Cash and cash equivalents
634
9,066
24,987
Trade and other payables: amounts falling due within one year
(33,419)
(48,988)
5
(8,432)
(39,922)
Net current liabilities
Total assets less current liabilities
27,813
46,076
Trade and other payables: amounts falling due after more than
one year
(35,338)
(25,647)
6
2,166
Net assets
10,738
Capital and reserves
Called up share capital
1
1
Retained earnings
2,165
10,737
2,166
10,738
Shareholders' funds
For the year ended 31 January 2019 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 of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year
and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply
with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Tony Robert Stevens Director
These financial statements were approved and authorised for issue by the Board on 24 October 2019 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 January 2019
iCars (Swale) Ltd
Notes to the Financial Statements
Statutory Information
iCars (Swale) Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 09970682.
Registered address:
Office G12, Masters House
Trinity Road
Sheerness
Kent
ME12 2PG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of 3 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 4
5
For the year ended 31 January 2019
iCars (Swale) Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 February 2018
10,800
Additions
7,200
At 31 January 2019
18,000
Amortisation
At 01 February 2018
4,800
6,000
Charge for year
At 31 January 2019
10,800
Net book value
At 31 January 2019
7,200
At 31 January 2018
6,000
3. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
£
£
£
Cost or valuation
At 01 February 2018
73,007
8,000
65,007
32,205
-
32,205
Additions
At 31 January 2019
97,212
8,000
105,212
Provision for depreciation and impairment
At 01 February 2018
24,499
3,500
20,999
Charge for year
20,178
1,125
19,053
At 31 January 2019
44,677
4,625
40,052
At 31 January 2019
Net book value
57,160
3,375
60,535
At 31 January 2018
44,008
4,500
48,508
4. Trade and other receivables
2018
2019
£
£
Other debtors
8,432
22,992
3 of 4
6
For the year ended 31 January 2019
iCars (Swale) Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
1,097
4,387
Taxation and social security
44,352
25,666
Other creditors
3,539
3,366
48,988
33,419
6. Trade and other payables: amounts falling due after more than one year
2018
2019
£
£
Other creditors
25,647
35,338
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