THE VALUE CAR CENTRE LIMITED

THE VALUE CAR CENTRE LIMITED

THE VALUE CAR CENTRE LIMITED - Company Information

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THE VALUE CAR CENTRE LIMITED

Company Registration Number:
04393740 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

THE VALUE CAR CENTRE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

THE VALUE CAR CENTRE LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 4,187 3,854
Total fixed assets: 4,187 3,854
Current assets
Stocks: 303,096 218,428
Debtors:   25,107 22,144
Cash at bank and in hand: 212 212
Total current assets: 328,415 240,784
Creditors: amounts falling due within one year:   (211,241) (229,899)
Net current assets (liabilities): 117,174 10,885
Total assets less current liabilities: 121,361 14,739
Creditors: amounts falling due after more than one year:   (50,000) (476)
Total net assets (liabilities): 71,361 14,263
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 71,357 14,259
Shareholders funds: 71,361 14,263

The notes form part of these financial statements

THE VALUE CAR CENTRE LIMITED

Balance sheet statements

For the year ending 31 March 2021 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 September 2021
and signed on behalf of the board by:

Name: Jason White
Status: Director

The notes form part of these financial statements

THE VALUE CAR CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

THE VALUE CAR CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 6 6

THE VALUE CAR CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 45,113
Additions 1,837
At 31 March 2021 46,950
Depreciation
At 01 April 2020 41,259
Charge for year 1,504
At 31 March 2021 42,763
Net book value
At 31 March 2021 4,187
At 31 March 2020 3,854

THE VALUE CAR CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Loans to directors

Name of director receiving advance or credit: Jason White
Description of the loan: directors loan
£
Balance at 01 April 2020 9,189
Advances or credits repaid: 9,189
Balance at 31 March 2021 0