CAR CONTACTS LIMITED

CAR CONTACTS LIMITED

CAR CONTACTS LIMITED - Company Information

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CAR CONTACTS LIMITED

Company Registration Number:
01378737 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2019

Period of accounts

Start date: 1 August 2018

End date: 31 July 2019

CAR CONTACTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2019

Balance sheet
Additional notes
Balance sheet notes

CAR CONTACTS LIMITED

Balance sheet

As at 31 July 2019

Notes 2019 2018


£
£
Fixed assets
Tangible assets: 3 43,107 41,706
Total fixed assets: 43,107 41,706
Current assets
Stocks: 4 333,046 376,055
Debtors: 5 142,365 207,360
Cash at bank and in hand: 6,357 27,559
Total current assets: 481,768 610,974
Creditors: amounts falling due within one year: 6 ( 1,065,727 ) ( 1,160,531 )
Net current assets (liabilities): (583,959) (549,557)
Total assets less current liabilities: (540,852) ( 507,851)
Total net assets (liabilities): (540,852) (507,851)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (540,854 ) (507,853 )
Total Shareholders' funds: ( 540,852 ) (507,851)

The notes form part of these financial statements

CAR CONTACTS LIMITED

Balance sheet statements

For the year ending 31 July 2019 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 July 2020
and signed on behalf of the board by:

Name: Mr J Letch
Status: Director

The notes form part of these financial statements

CAR CONTACTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Plant and machinery - 20% on reducing balanceFixture and fittings - 15% on reducing balanceMotor vehicles - 25% on reducing balanceComputer equipment - 25% on reducing balance

CAR CONTACTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

  • 2. Employees

    2019 2018
    Average number of employees during the period 17 19

CAR CONTACTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2018 42,371 89,163 33,037 260 35,775 200,606
Additions 3,355 3,355
Disposals
Revaluations
Transfers
At 31 July 2019 42,371 89,163 36,392 260 35,775 203,961
Depreciation
At 1 August 2018 8,497 83,983 30,558 114 35,748 158,900
Charge for year 1,036 875 36 7 1,954
On disposals
Other adjustments
At 31 July 2019 8,497 85,019 31,433 150 35,755 160,854
Net book value
At 31 July 2019 33,874 4,144 4,959 110 20 43,107
At 31 July 2018 33,874 5,180 2,479 146 27 41,706

CAR CONTACTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

4. Stocks

2019 2018
£ £
Stocks 333,046 376,055
Total 333,046 376,055

CAR CONTACTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

5. Debtors

2019 2018
£ £
Trade debtors 89,045 169,710
Prepayments and accrued income 36,073 37,650
Other debtors 17,247
Total 142,365 207,360

CAR CONTACTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

6. Creditors: amounts falling due within one year note

2019 2018
£ £
Bank loans and overdrafts 8,861
Trade creditors 215,504 280,189
Taxation and social security 26,369 23,301
Accruals and deferred income 1,979 4,455
Other creditors 813,014 852,586
Total 1,065,727 1,160,531