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REGISTERED NUMBER: SC397025 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

William Anderson Cars Ltd

William Anderson Cars Ltd (Registered number: SC397025)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


William Anderson Cars Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr W Anderson





REGISTERED OFFICE: 61a Abbotswell Drive
Aberdeen
Aberdeenshire
AB12 5QP





REGISTERED NUMBER: SC397025 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

William Anderson Cars Ltd (Registered number: SC397025)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,224 95,863

CURRENT ASSETS
Debtors 5 42,468 56,098
Cash at bank 10,606 31,794
53,074 87,892
CREDITORS
Amounts falling due within one year 6 60,871 61,171
NET CURRENT (LIABILITIES)/ASSETS (7,797 ) 26,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,427

122,584

CREDITORS
Amounts falling due after more than one
year

7

(55,989

)

(52,634

)

PROVISIONS FOR LIABILITIES (6,110 ) (10,735 )
NET ASSETS 46,328 59,215

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 46,327 59,214
46,328 59,215

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

William Anderson Cars Ltd (Registered number: SC397025)

Balance Sheet - continued
30 April 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





Mr W Anderson - Director


William Anderson Cars Ltd (Registered number: SC397025)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

William Anderson Cars Ltd is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 19 ) .

William Anderson Cars Ltd (Registered number: SC397025)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 738 1,130 290,301 1,858 294,027
Additions - - 64,985 - 64,985
Disposals - - (51,655 ) - (51,655 )
At 30 April 2023 738 1,130 303,631 1,858 307,357
DEPRECIATION
At 1 May 2022 436 494 195,376 1,858 198,164
Charge for year 60 127 38,490 - 38,677
Eliminated on disposal - - (45,708 ) - (45,708 )
At 30 April 2023 496 621 188,158 1,858 191,133
NET BOOK VALUE
At 30 April 2023 242 509 115,473 - 116,224
At 30 April 2022 302 636 94,925 - 95,863

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 38,825 52,234
Other debtors 3,643 3,864
42,468 56,098

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 10,000 10,724
Hire purchase contracts 27,483 17,191
Trade creditors 2,287 2,193
Taxation and social security 18,205 28,057
Other creditors 2,896 3,006
60,871 61,171

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 10,984 23,884
Hire purchase contracts 45,005 28,750
55,989 52,634

William Anderson Cars Ltd (Registered number: SC397025)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30.4.23 30.4.22
£    £   
Mr W Anderson
Balance outstanding at start of year (156 ) (13 )
Amounts advanced 513 9,046
Amounts repaid (403 ) (9,189 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (46 ) (156 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr W Anderson.