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REGISTERED NUMBER: 04679834




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2023

FOR

WITHYBUSH COACHWORKS LIMITED

WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WITHYBUSH COACHWORKS LIMITED

COMPANY INFORMATION
for the Year Ended 30 March 2023







DIRECTOR: Mr A M Haworth





SECRETARY: Mrs J Haworth





REGISTERED OFFICE: Unit 6 East Estate
Withybush Industrial Park
Haverfordwest
Pembrokeshire
SA62 4BW





REGISTERED NUMBER: 04679834





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834)

STATEMENT OF FINANCIAL POSITION
30 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 37,139 37,324

CURRENT ASSETS
Inventories 5,496 7,674
Debtors 5 103,742 101,558
Cash at bank and in hand 72,389 99,991
181,627 209,223
CREDITORS
Amounts falling due within one year 6 (123,803 ) (144,928 )
NET CURRENT ASSETS 57,824 64,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,963

101,619

CREDITORS
Amounts falling due after more than one
year

7

(35,185

)

(42,593

)

PROVISIONS FOR LIABILITIES (694 ) (450 )
NET ASSETS 59,084 58,576

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 59,034 58,526
SHAREHOLDERS' FUNDS 59,084 58,576

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

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

WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834)

STATEMENT OF FINANCIAL POSITION - continued
30 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





Mr A M Haworth - Director


WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

Withybush Coachworks Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors are not aware of any material uncertainties in making their assessment of going concern. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Inventories
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.


WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Income recognition
The company's turnover represents the sale of goods and services. The company recognises income as soon as customer orders have been completed and a sales invoice issued and sent to the customer.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 31 March 2022 48,784 65,531 1,351
Additions - 1,967 -
At 30 March 2023 48,784 67,498 1,351
DEPRECIATION
At 31 March 2022 17,225 61,241 1,283
Charge for year 975 939 11
At 30 March 2023 18,200 62,180 1,294
NET BOOK VALUE
At 30 March 2023 30,584 5,318 57
At 30 March 2022 31,559 4,290 68

WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 31 March 2022 11,083 11,345 138,094
Additions - 280 2,247
At 30 March 2023 11,083 11,625 140,341
DEPRECIATION
At 31 March 2022 9,791 11,230 100,770
Charge for year 322 185 2,432
At 30 March 2023 10,113 11,415 103,202
NET BOOK VALUE
At 30 March 2023 970 210 37,139
At 30 March 2022 1,292 115 37,324

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 103,742 100,010
Other debtors - 1,548
103,742 101,558

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 3,704
Trade creditors 13,725 13,157
Taxation and social security 94,382 125,507
Other creditors 10,140 2,560
123,803 144,928

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 35,185 42,593

WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr A M Haworth
Balance outstanding at start of year 1,548 (17,490 )
Amounts advanced 71,586 101,374
Amounts repaid (80,459 ) (82,336 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,325 ) 1,548

Interest is charged at commercial rates on the amounts due from the director.