Thecarmustgo.co.uk Ltd - Accounts to registrar (filleted) - small 23.2.5

THECARMUSTGO.CO.UK LTD - Company Information

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REGISTERED NUMBER: 12012952 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th September 2023

for

Thecarmustgo.co.uk Ltd

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTOR:

M J Eastwood

REGISTERED OFFICE:

Unit E, Venture Business Park

Rugby Street,

Witty Street

Hull

HU3 4EL

REGISTERED NUMBER:

12012952 (England and Wales)

ACCOUNTANTS:

Dymond Accountants

Office F1,

Beverley Enterprise Centre

Beck View Road

Beverley

East Yorkshire

HU17 0JT

FIXED ASSETS

Tangible assets

80,982

109,565

CURRENT ASSETS

Stocks

162,243

158,197

Debtors

186,808

31,874

Cash at bank and in hand

50,969

27,794

400,020

217,865

CREDITORS

Amounts falling due within one year

299,977

134,776

NET CURRENT ASSETS

100,043

83,089

TOTAL ASSETS LESS CURRENT LIABILITIES

181,025

192,654

CREDITORS

Amounts falling due after more than one year

99,584

112,564

NET ASSETS

81,441

80,090

CAPITAL AND RESERVES

Called up share capital

Retained earnings

81,440

80,089

81,441

80,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th March 2024 and were signed by:

M J Eastwood - Director

1.	STATUTORY INFORMATION

Thecarmustgo.co.uk Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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 is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

COST

At 1st October 2022

2,700

4,520

105,991

3,617

116,828

Additions

300

At 30th September 2023

2,700

4,520

105,991

3,917

117,128

DEPRECIATION

At 1st October 2022

2,160

2,023

3,080

7,263

Charge for year

539

1,129

26,498

717

28,883

At 30th September 2023

2,699

3,152

26,498

3,797

36,146

NET BOOK VALUE

At 30th September 2023

1,368

79,493

120

80,982

At 30th September 2022

540

2,497

105,991

537

109,565

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

Trade debtors

158,862

15,288

Other debtors

27,946

16,586

186,808

31,874

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

Bank loans and overdrafts

6,240

10,000

Hire purchase contracts

13,371

15,756

Trade creditors

101,134

2,157

Taxation and social security

29,749

14,782

Other creditors

149,483

92,081

299,977

134,776

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.23

30.9.22

Bank loans

30,689

32,929

Hire purchase contracts

68,895

79,635

99,584

112,564

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2023 and 30th September 2022:

30.9.23

30.9.22

M J Eastwood

Balance outstanding at start of year

16,586

(40

)

Amounts advanced

90,206

86,002

Amounts repaid

(92,001

)

(69,376

)

Amounts written off

Amounts waived

Balance outstanding at end of year

14,791

16,586