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REGISTERED NUMBER: 09800363 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2018

for

WALSALL MOTOR COMPANY LTD

WALSALL MOTOR COMPANY LTD (Registered number: 09800363)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


WALSALL MOTOR COMPANY LTD

Company Information
for the Year Ended 31 March 2018







DIRECTOR: MRS H B SHAH





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 09800363 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

WALSALL MOTOR COMPANY LTD (Registered number: 09800363)

Report of the Director
for the Year Ended 31 March 2018

The director presents her report with the financial statements of the company for the year ended 31 March 2018.

DIRECTOR
MRS H B SHAH held office during the whole of the period from 1 April 2017 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





MRS H B SHAH - Director


1 October 2018

WALSALL MOTOR COMPANY LTD (Registered number: 09800363)

Income Statement
for the Year Ended 31 March 2018

31/3/18 31/3/17
Notes £    £   

TURNOVER 1,236,472 1,007,825

Cost of sales 1,116,510 920,352
GROSS PROFIT 119,962 87,473

Administrative expenses 95,346 52,033
OPERATING PROFIT 4 24,616 35,440

Interest receivable and similar income 17 21
24,633 35,461

Interest payable and similar expenses 356 -
PROFIT BEFORE TAXATION 24,277 35,461

Tax on profit 5,040 7,092
PROFIT FOR THE FINANCIAL YEAR 19,237 28,369

WALSALL MOTOR COMPANY LTD (Registered number: 09800363)

Balance Sheet
31 March 2018

31/3/18 31/3/17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,860 10,110

CURRENT ASSETS
Stocks 99,400 22,000
Debtors 6 - 1,268
Cash at bank and in hand 963 24,462
100,363 47,730
CREDITORS
Amounts falling due within one year 7 12,300 14,071
NET CURRENT ASSETS 88,063 33,659
TOTAL ASSETS LESS CURRENT LIABILITIES 95,923 43,769

CREDITORS
Amounts falling due after more than one year 8 47,917 -
NET ASSETS 48,006 43,769

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 48,005 43,768
SHAREHOLDERS' FUNDS 48,006 43,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1 October 2018 and were signed by:





MRS H B SHAH - Director


WALSALL MOTOR COMPANY LTD (Registered number: 09800363)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

WALSALL MOTOR COMPANY 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 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31/3/18 31/3/17
£    £   
Depreciation - owned assets 2,250 -

WALSALL MOTOR COMPANY LTD (Registered number: 09800363)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 12,360
DEPRECIATION
At 1 April 2017 2,250
Charge for year 2,250
At 31 March 2018 4,500
NET BOOK VALUE
At 31 March 2018 7,860
At 31 March 2017 10,110

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/18 31/3/17
£    £   
VAT - 1,268

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/18 31/3/17
£    £   
Tax 5,133 8,414
VAT 3,308 -
Other creditors 396 -
Directors' current accounts 888 2,907
Accrued expenses 2,575 2,750
12,300 14,071

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/18 31/3/17
£    £   
Bank loans - 2-5 years 47,917 -