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REGISTERED NUMBER: 02725964 (England and Wales)














WHIPPERLEY RING SERVICE STATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






WHIPPERLEY RING SERVICE STATION LIMITED (REGISTERED NUMBER: 02725964)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WHIPPERLEY RING SERVICE STATION LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTOR: C C Kent





SECRETARY: S J Kent





REGISTERED OFFICE: Whipperley Ring
Luton
Bedfordshire
LU1 5QY





REGISTERED NUMBER: 02725964 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

WHIPPERLEY RING SERVICE STATION LIMITED (REGISTERED NUMBER: 02725964)

STATEMENT OF FINANCIAL POSITION
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,914 7,130

CURRENT ASSETS
Stocks 32,522 28,986
Debtors 6 15,083 15,271
Cash at bank and in hand 470,722 434,259
518,327 478,516
CREDITORS
Amounts falling due within one year 7 99,309 90,723
NET CURRENT ASSETS 419,018 387,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,932

394,923

CAPITAL AND RESERVES
Called up, paid and allotted share capital 2,000 2,000
Retained earnings 424,932 392,923
SHAREHOLDERS' FUNDS 426,932 394,923

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

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

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 4 April 2024 and were signed by:





C C Kent - Director


WHIPPERLEY RING SERVICE STATION LIMITED (REGISTERED NUMBER: 02725964)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Whipperley Ring Service Station 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, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

WHIPPERLEY RING SERVICE STATION LIMITED (REGISTERED NUMBER: 02725964)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022 14,955 2,199 15,458 32,612
Additions 2,650 774 - 3,424
At 31 July 2023 17,605 2,973 15,458 36,036
DEPRECIATION
At 1 August 2022 11,440 1,335 12,707 25,482
Charge for year 1,541 411 688 2,640
At 31 July 2023 12,981 1,746 13,395 28,122
NET BOOK VALUE
At 31 July 2023 4,624 1,227 2,063 7,914
At 31 July 2022 3,515 864 2,751 7,130

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,014 13,452
Other debtors 2,069 1,819
15,083 15,271

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,207 7,640
Taxation and social security 43,218 38,253
Other creditors 44,884 44,830
99,309 90,723

8. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, aggregate repayments of £687 were made to the director. At the year end, the Company owed the director £33,510.