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
Whilde Automotive Ltd
Company Information
for the period from 1 December 2022 to 31 March 2023
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
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
Whilde Automotive Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
7,474
7,024
Cash at bank and in hand
1,774
1,557
Creditors: amounts falling due within one year
(3,454)
(1,415)
Net current (liabilities)/assets
(1,505)
175
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
Whilde Automotive Ltd
Notes to the Accounts
for the period from 1 December 2022 to 31 March 2023
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.
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.
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
The accounts are presented in £ sterling.
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
At 31 March 2023
5,652
2,150
468
762
9,032
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
At 31 March 2023
4,671
1,763
446
594
7,474
At 30 November 2022
4,510
1,881
-
633
7,024
Whilde Automotive Ltd
Notes to the Accounts
for the period from 1 December 2022 to 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,341
1,137
Loans from directors
368
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
-
7,140
7,507
(367)
9
Average number of employees
During the period the average number of employees was 1 (2022: 1).