Company Registration No. 07684376 (England and Wales)
Plaistow Abbey Cars London Ltd
Unaudited accounts
for the year ended 30 June 2021
Plaistow Abbey Cars London Ltd
Unaudited accounts
Contents
Plaistow Abbey Cars London Ltd
Statement of financial position
as at 30 June 2021
Cash at bank and in hand
3,059
4,688
Creditors: amounts falling due within one year
(644)
(9,613)
Net current assets/(liabilities)
10,300
(4,925)
Total assets less current liabilities
10,567
(4,391)
Creditors: amounts falling due after more than one year
(28,000)
-
Net liabilities
(17,433)
(4,391)
Called up share capital
1
1
Profit and loss account
(17,434)
(4,392)
Shareholders' funds
(17,433)
(4,391)
For the year ending 30 June 2021 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 11 May 2022 and were signed on its behalf by
Muhammad Ibrahim
Director
Company Registration No. 07684376
Plaistow Abbey Cars London Ltd
Notes to the Accounts
for the year ended 30 June 2021
Plaistow Abbey Cars London Ltd is a private company, limited by shares, registered in England and Wales, registration number 07684376. The registered office is 2a New Barn Street, London, E13 8JA.
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.
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:
Computer equipment
33.33% straight line basis
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company is a going concern. It embarks on long term projects for which the income arises at completion. The company is funded and supported by long term shareholders.
The accounts are presented in £ sterling.
Plaistow Abbey Cars London Ltd
Notes to the Accounts
for the year ended 30 June 2021
4
Tangible fixed assets
Computer equipment
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
(19)
(19)
Loans from directors
-
8,569
7
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 3 (2020: 5).
