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Company Registration No. 11905951 (England and Wales)
HWF MOTORS LTD Unaudited accounts for the year ended 31 March 2023
HWF MOTORS LTD Unaudited accounts Contents
Page
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HWF MOTORS LTD Company Information for the year ended 31 March 2023
Directors
Rachael Jean Bell Paul Fletcher
Company Number
11905951 (England and Wales)
Registered Office
47 ALT AVENUE LIVERPOOL L31 7BJ ENGLAND
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HWF MOTORS LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,043 
- 
Current assets
Inventories
78,275 
67,966 
Debtors
6,074 
3,445 
Cash at bank and in hand
16,544 
7,862 
100,893 
79,273 
Creditors: amounts falling due within one year
(85,512)
(44,320)
Net current assets
15,381 
34,953 
Total assets less current liabilities
20,424 
34,953 
Creditors: amounts falling due after more than one year
(11,251)
(16,252)
Net assets
9,173 
18,701 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
9,171 
18,699 
Shareholders' funds
9,173 
18,701 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2023 and were signed on its behalf by
Paul Fletcher Director Company Registration No. 11905951
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HWF MOTORS LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
HWF MOTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 11905951. The registered office is 47 ALT AVENUE, LIVERPOOL, L31 7BJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
- 
Additions
6,150 
At 31 March 2023
6,150 
Depreciation
Charge for the year
1,107 
At 31 March 2023
1,107 
Net book value
At 31 March 2023
5,043 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,100 
1,350 
Accrued income and prepayments
- 
2,095 
Other debtors
3,974 
- 
6,074 
3,445 
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HWF MOTORS LTD Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
VAT
3,182 
6,156 
Obligations under finance leases and hire purchase contracts
3,564 
- 
Trade creditors
222 
1,650 
Taxes and social security
- 
4,380 
Other creditors
6,083 
6,325 
Loans from directors
65,495 
19,884 
Accruals
1,966 
925 
85,512 
44,320 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,251 
16,252 
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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