Company registration number 13804892 (England and Wales)
WOOD AUTO SUPPLIES (TOPCO) LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
WOOD AUTO SUPPLIES (TOPCO) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WOOD AUTO SUPPLIES (TOPCO) LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
5,000
5,000
Capital and reserves
-
Called up share capital
5
5,000
5,000

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 April 2024 and are signed on its behalf by:
G J Heywood
Director
Company registration number 13804892 (England and Wales)
WOOD AUTO SUPPLIES (TOPCO) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Wood Auto Supplies (Topco) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Cromwell Works, Colne Road, Huddersfield, West Yorkshire, HD1 3ES.

1.1
Reporting period

The financial statements have been prepared for the year to 31 December 2023. The company's first period of account was for the period from incorporation on 16 December 2021 to 31 December 2022.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

Wood Auto Supplies (Topco) Ltd is a wholly owned subsidiary of PSH Holding B.V. and the results of Wood Auto Supplies (Topco) Ltd are included in the consolidated financial statements of PSH Holding B.V. which are available from Stichtse Kade 47C, 1244 NV Ankeveen, The Netherlands.

1.3
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

WOOD AUTO SUPPLIES (TOPCO) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
5,000
5,000
4
Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:

WOOD AUTO SUPPLIES (TOPCO) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
4
Subsidiaries
(Continued)
- 4 -
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Wood Auto Supplies Limited
Cromwell Works, Colne Road, Huddersfield, West Yorkshire HD1 3ES
Ordinary shares
100.00
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A ordinary shares of 50p each
729
729
364
364
B ordinary shares of 50p each
6,015
6,015
3,008
3,008
C ordinary shares of 50p each
2,443
2,443
1,222
1,222
D ordinary shares of 50p each
813
813
406
406
10,000
10,000
5,000
5,000
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Paul Moulding
Statutory Auditor:
Pierce C A Limited
7
Financial commitments, guarantees and contingent liabilities

The company has given an unlimited guarantee in respect of the bank borrowings of fellow group companies.

8
Parent company

The company is ultimately controlled by the directors of its parent company, PSH Holding B.V., a company registered in the Netherlands.

2023-12-312023-01-01false10 April 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityThis audit opinion is unqualifiedG J HeywoodA M SteadA T C KamM P Blissettfalse138048922023-01-012023-12-31138048922023-12-31138048922022-12-3113804892core:ShareCapital2023-12-3113804892core:ShareCapital2022-12-3113804892core:ShareCapitalOrdinaryShares2023-12-3113804892core:ShareCapitalOrdinaryShares2022-12-3113804892bus:Director12023-01-012023-12-31138048922021-12-162022-12-3113804892bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113804892bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113804892bus:FRS1022023-01-012023-12-3113804892bus:Audited2023-01-012023-12-3113804892bus:Director22023-01-012023-12-3113804892bus:Director32023-01-012023-12-3113804892bus:Director42023-01-012023-12-3113804892bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP