Company Registration No. 13697305 (England and Wales)
NORTH WEST VEHICLE SALES LIMITED
Unaudited accounts
for the year ended 31 October 2023
NORTH WEST VEHICLE SALES LIMITED
Unaudited accounts
Contents
NORTH WEST VEHICLE SALES LIMITED
Company Information
for the year ended 31 October 2023
Director
Ana Cristiana Comanescu
Secretary
Ana Cristiana Comanescu
Company Number
13697305 (England and Wales)
Registered Office
41 BENT STREET
CHEETHAM HILL
MANCHESTER
M8 8NW
ENGLAND
NORTH WEST VEHICLE SALES LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
9,448,786
7,260,645
Inventories
4,214,563
2,056,176
Cash at bank and in hand
1,986,589
1,845,356
Creditors: amounts falling due within one year
(2,738,878)
(2,206,302)
Net current assets
3,698,730
1,818,887
Total assets less current liabilities
13,147,516
9,079,532
Creditors: amounts falling due after more than one year
(10,965,453)
(7,488,803)
Net assets
2,182,063
1,590,729
Called up share capital
2
2
Profit and loss account
2,182,061
1,590,727
Shareholders' funds
2,182,063
1,590,729
For the year ending 31 October 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 her 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 8 February 2024 and were signed on its behalf by
Ana Cristiana Comanescu
Director
Company Registration No. 13697305
NORTH WEST VEHICLE SALES LIMITED
Notes to the Accounts
for the year ended 31 October 2023
NORTH WEST VEHICLE SALES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13697305. The registered office is 41 BENT STREET, CHEETHAM HILL, MANCHESTER, M8 8NW, 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 year, 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.
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:
Motor vehicles
10% Reducing Blance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
8,016,245
21,567
39,800
8,077,612
Additions
3,245,678
-
-
3,245,678
At 31 October 2023
11,261,923
21,567
39,800
11,323,290
At 1 November 2022
801,625
5,392
9,950
816,967
Charge for the year
1,046,030
4,044
7,463
1,057,537
At 31 October 2023
1,847,655
9,436
17,413
1,874,504
At 31 October 2023
9,414,268
12,131
22,387
9,448,786
At 31 October 2022
7,214,620
16,175
29,850
7,260,645
NORTH WEST VEHICLE SALES LIMITED
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
236,456
123,657
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,043,675
1,563,567
Taxes and social security
25,765
31,367
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
10,965,453
7,488,803
8
Average number of employees
During the year the average number of employees was 43 (2022: 40).