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WESSEX AUTO CENTRES GROUP LTD

FINANCIAL STATEMENTS

PERIOD FROM 26 JULY 2022
TO 31 JULY 2023

















Company Registration Number - 14257155

















ANDREWS & COMPANY

Accountants & Tax Consultants

W124


1.
WESSEX AUTO CENTRES GROUP LTD
COMPANY NUMBER - 14257155

Balance sheet as at 31 July 2023





2023

Notes
£
£
FIXED ASSETS



Tangible assets 4
31,735

Current assets


Stocks
15,000

Debtors 5 204,568

Cash at bank and in hand
5,143



224,711
Current liabilities


Creditors - Amounts
falling due within one year 6 265,931

NET CURRENT LIABILITIES

(41,220)

Total assets less current liabilities

(9,485)







CAPITAL AND RESERVES

Called up share capital 7
106

Profit and Loss account

(9,591)

Shareholders' funds

(9,485)


These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial period ended 31 July 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 22 April 2024
and signed on their behalf by:


NYGEL JEFFERY LOCKE CHRISTOPHER BARNES





Director Director





The notes on pages 2 to 3 form an integral part of these accounts.


2.
WESSEX AUTO CENTRES GROUP LTD

Notes to the Financial Statements

For the period ended 31 July 2023


1. General Information

Wessex Auto Centres Group Ltd is a Private Company, limited by shares, domiciled in England and Wales, registration number 14257155.


The company's registered office is 2 Glenville Road, Bournemouth, Dorset, BH10 4EF.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:


Plant and machinery - 10% straight line

Motor vehicles - 25% reducing balance

Office and computer equipment - 25% reducing balance


3. Employees

The average number employed by the company (including directors) during the period 2023 was 16

4. Fixed assets - tangible

Plant


and Motor Computer Total

machinery Vehicles equipment

--------- -------- --------- -----
Fair value £ £ £ £
Additions 30,128 4,167 1,993 36,288




At 31 July 2023 30,128 4,167 1,993 36,288





Depreciation
Charge for period 3,013 1,042 498 4,553




At 31 July 2023 3,013 1,042 498 4,553





Net book values
At 31 July 2023 27,115 3,125 1,495 31,735






3.
WESSEX AUTO CENTRES GROUP LTD

Notes to the Financial Statements

For the period ended 31 July 2023



2023

£
5. Debtors

Due within one year:

Trade debtors 203,572
Directors' overdrawn current accounts 996


204,568


Included in other debtors are directors' overdrawn current accounts:-




Maximum


26:07:22 31:07:23 in year







£ £ £

Mr C Barnes
nil 53 53
Mr N Locke
nil 943 943





6. Creditors

Amounts falling due within one year:

Trade creditors 118,397
Other creditors:

Other taxation and social security 116,730
Other 28,804
Accruals and deferred income 2,000

265,931


7. Called up share capital

There was no change in share capital during the period.


Allotted, called up and fully paid

Ordinary shares of £1 each 106

8. Related party transactions

During the period the company incurred costs totalling £128,386 with Wessex Auto Centres Ltd, a company under the control of the directors. As at the 31 July 2023 Wessex Auto Centres Ltd owed the company a total of £203,572 because of advance payments made by the company in anticipation of further costs to be incurred and assets to be acquired.