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Company Registration No. 12990760 (England and Wales)
Whilde Automotive Ltd Unaudited accounts for the period from 1 December 2022 to 31 March 2023
Whilde Automotive Ltd Unaudited accounts Contents
Page
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Whilde Automotive Ltd Company Information for the period from 1 December 2022 to 31 March 2023
Director
J J T Whilde
Company Number
12990760 (England and Wales)
Registered Office
17 Avocet Walk Bracknell RG12 8ES England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Whilde Automotive Ltd Accountants' report
Accountants' report to the director of Whilde Automotive Ltd on the preparation of the unaudited statutory accounts for the period from 1 December 2022 to 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Whilde Automotive Ltd for the period from 1 December 2022 to 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Whilde Automotive Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Whilde Automotive Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whilde Automotive Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Whilde Automotive Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Whilde Automotive Ltd. You consider that Whilde Automotive Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Whilde Automotive Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 10 November 2023
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Whilde Automotive Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,474 
7,024 
Current assets
Debtors
175 
33 
Cash at bank and in hand
1,774 
1,557 
1,949 
1,590 
Creditors: amounts falling due within one year
(3,454)
(1,415)
Net current (liabilities)/assets
(1,505)
175 
Net assets
5,969 
7,199 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,968 
7,198 
Shareholders' funds
5,969 
7,199 
For the period 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 director acknowledges his 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 and authorised for issue on 10 November 2023 and were signed on its behalf by
J J T Whilde Director Company Registration No. 12990760
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Whilde Automotive Ltd Notes to the Accounts for the period from 1 December 2022 to 31 March 2023
1
Statutory information
Whilde Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 12990760. The registered office is 17 Avocet Walk, Bracknell, RG12 8ES, 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 period, 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.
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
20 % Reducing balance
Motor vehicles
25 % Reducing balance
Computer equipment
25 % Reducing balance
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
5,245 
2,150 
- 
762 
8,157 
Additions
407 
- 
468 
- 
875 
At 31 March 2023
5,652 
2,150 
468 
762 
9,032 
Depreciation
At 1 December 2022
735 
269 
- 
129 
1,133 
Charge for the period
246 
118 
22 
39 
425 
At 31 March 2023
981 
387 
22 
168 
1,558 
Net book value
At 31 March 2023
4,671 
1,763 
446 
594 
7,474 
At 30 November 2022
4,510 
1,881 
- 
633 
7,024 
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Whilde Automotive Ltd Notes to the Accounts for the period from 1 December 2022 to 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
175 
33 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,341 
1,137 
Loans from directors
368 
- 
Accruals
745 
278 
3,454 
1,415 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
J J T Whilde
Director Loan Account
- 
7,140 
7,507 
(367)
- 
7,140 
7,507 
(367)
9
Average number of employees
During the period the average number of employees was 1 (2022: 1).
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