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Company Registration No. 12223715 (England and Wales)
IWO AUTO SERVICE LTD Unaudited accounts for the year ended 30 September 2023
IWO AUTO SERVICE LTD Unaudited accounts Contents
Page
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IWO AUTO SERVICE LTD Company Information for the year ended 30 September 2023
Director
IWONA MAGDALENA KUROWSKA
Company Number
12223715 (England and Wales)
Registered Office
25 SCHOOL STREET BAMBER BRIDGE PRESTON PR5 6QB ENGLAND
Accountants
SMART ACCOUNTING (NW) LTD 239 RIBBLETON LANE PRESTON PR1 5EA
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IWO AUTO SERVICE LTD Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
90,000 
90,000 
Tangible assets
1,077 
1,313 
91,077 
91,313 
Current assets
Inventories
90,950 
65,750 
Debtors
1,500 
- 
Cash at bank and in hand
19,953 
3,495 
112,403 
69,245 
Creditors: amounts falling due within one year
(46,758)
(59,665)
Net current assets
65,645 
9,580 
Total assets less current liabilities
156,722 
100,893 
Creditors: amounts falling due after more than one year
(136,154)
(84,679)
Net assets
20,568 
16,214 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
20,567 
16,213 
Shareholders' funds
20,568 
16,214 
For the year ending 30 September 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 7 December 2023 and were signed on its behalf by
IWONA MAGDALENA KUROWSKA Director Company Registration No. 12223715
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IWO AUTO SERVICE LTD Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
IWO AUTO SERVICE LTD is a private company, limited by shares, registered in England and Wales, registration number 12223715. The registered office is 25 SCHOOL STREET, BAMBER BRIDGE, PRESTON, PR5 6QB, 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% ON WDV
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2022
90,000 
At 30 September 2023
90,000 
Amortisation
At 1 October 2022
- 
At 30 September 2023
- 
Net book value
At 30 September 2023
90,000 
At 30 September 2022
90,000 
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IWO AUTO SERVICE LTD Notes to the Accounts for the year ended 30 September 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
2,381 
At 30 September 2023
2,381 
Depreciation
At 1 October 2022
1,068 
Charge for the year
236 
At 30 September 2023
1,304 
Net book value
At 30 September 2023
1,077 
At 30 September 2022
1,313 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,500 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
38,537 
48,277 
VAT
3,129 
3,570 
Trade creditors
1,851 
360 
Taxes and social security
2,241 
3,677 
Other creditors
1,000 
1,000 
Loans from directors
- 
2,781 
46,758 
59,665 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
132,477 
84,200 
Taxes and social security
3,677 
479 
136,154 
84,679 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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