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REGISTERED NUMBER: 02176287 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

AUTOWAY OF BEDWORTH LIMITED

AUTOWAY OF BEDWORTH LIMITED (REGISTERED NUMBER: 02176287)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUTOWAY OF BEDWORTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr C D Blackwell





SECRETARY: Mrs M Blackwell





REGISTERED OFFICE: 204 Heath Road
Bedworth
Warwickshire
CV12 0BN





REGISTERED NUMBER: 02176287 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants & Registered Auditors
Empress House
43a Binley Road
Coventry
CV3 1HU

AUTOWAY OF BEDWORTH LIMITED (REGISTERED NUMBER: 02176287)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,454 9,288

CURRENT ASSETS
Stocks 800 800
Debtors 5 59,884 48,271
Cash at bank 13,026 13,026
73,710 62,097
CREDITORS
Amounts falling due within one year 6 32,026 42,165
NET CURRENT ASSETS 41,684 19,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,138

29,220

PROVISIONS FOR LIABILITIES 913 1,229
NET ASSETS 48,225 27,991

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Share premium 25,500 25,500
Retained earnings 21,725 1,491
SHAREHOLDERS' FUNDS 48,225 27,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

AUTOWAY OF BEDWORTH LIMITED (REGISTERED NUMBER: 02176287)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 December 2023 and were signed by:





Mr C D Blackwell - Director


AUTOWAY OF BEDWORTH LIMITED (REGISTERED NUMBER: 02176287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Autoway of Bedworth Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover represents private hire income from vehicles and trading in motor vehicles excluding value added tax, and is recognised at the time of invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions paid for the year are charged to the profit and loss account.


AUTOWAY OF BEDWORTH LIMITED (REGISTERED NUMBER: 02176287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 28,221 33,374 3,567 65,162
Additions 292 - - 292
At 31 October 2023 28,513 33,374 3,567 65,454
DEPRECIATION
At 1 November 2022 27,122 26,035 2,717 55,874
Charge for year 164 1,835 127 2,126
At 31 October 2023 27,286 27,870 2,844 58,000
NET BOOK VALUE
At 31 October 2023 1,227 5,504 723 7,454
At 31 October 2022 1,099 7,339 850 9,288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,743 47,241
Other debtors 3,141 1,030
59,884 48,271

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 760 9,784
Trade creditors 605 5,442
Taxation and social security 6,372 4,215
Other creditors 24,289 22,724
32,026 42,165

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000