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Financial Statements |
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for the Period 1 August 2017 to 31 March 2018 |
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for |
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Carcredit365 Limited |
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REGISTERED NUMBER:
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Financial Statements |
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for the Period 1 August 2017 to 31 March 2018 |
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for |
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Carcredit365 Limited |
Carcredit365 Limited (Registered number: 10285913) |
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Contents of the Financial Statements |
for the Period 1 August 2017 to 31 March 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Carcredit365 Limited |
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Company Information |
for the Period 1 August 2017 to 31 March 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
140 Coniscliffe Road |
DARLINGTON |
County Durham |
DL3 7RT |
Carcredit365 Limited (Registered number: 10285913) |
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Balance Sheet |
31 March 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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Carcredit365 Limited (Registered number: 10285913) |
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Notes to the Financial Statements |
for the Period 1 August 2017 to 31 March 2018 |
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1. | STATUTORY INFORMATION |
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Carcredit365 Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" |
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 cost |
convention. |
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There were no material departures from that standard. |
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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. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Stocks |
Stocks are valued at the lower of cost and estimated selling price less costs to sell. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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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. |
Carcredit365 Limited (Registered number: 10285913) |
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Notes to the Financial Statements - continued |
for the Period 1 August 2017 to 31 March 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Income recognition |
Income is recognised when a contract for the sale of goods is determined as unconditional. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
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fittings |
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COST |
At 1 August 2017 |
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Additions |
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At 31 March 2018 |
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DEPRECIATION |
At 1 August 2017 |
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Charge for period |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 July 2017 |
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5. | STOCKS |
2018 | 2017 |
£ | £ |
Vehicles |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments and accrued income |
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Carcredit365 Limited (Registered number: 10285913) |
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Notes to the Financial Statements - continued |
for the Period 1 August 2017 to 31 March 2018 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other loans |
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Trade creditors |
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Corporation tax |
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Taxation and social security |
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Other creditors |
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Directors' current accounts | 25,240 | 34,669 |
Accruals and deferred income |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class | Nominal | 2018 | 2017 |
value: | £ | £ |
1 | Ordinary | £1 | 1 | 1 |
1 | 1 |
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9. | RELATED PARTY DISCLOSURES |
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2018 | 2017 |
£ | £ |
Amount due to director at the balance sheet date | 25,240 | 34,669 |
No interest was charged during the year. |