WJR Car and Commercial Services Limited 12749583 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is Maintenance and repair of motor vehicles Digita Accounts Production Advanced 6.30.9574.0 true true 12749583 2022-08-01 2023-07-31 12749583 2023-07-31 12749583 core:CurrentFinancialInstruments 2023-07-31 12749583 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12749583 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 12749583 core:LandBuildings core:LongLeaseholdAssets 2023-07-31 12749583 core:MotorVehicles 2023-07-31 12749583 core:OfficeEquipment 2023-07-31 12749583 bus:SmallEntities 2022-08-01 2023-07-31 12749583 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12749583 bus:FilletedAccounts 2022-08-01 2023-07-31 12749583 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12749583 bus:RegisteredOffice 2022-08-01 2023-07-31 12749583 bus:Director1 2022-08-01 2023-07-31 12749583 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12749583 core:LandBuildings core:LongLeaseholdAssets 2022-08-01 2023-07-31 12749583 core:MotorVehicles 2022-08-01 2023-07-31 12749583 core:OfficeEquipment 2022-08-01 2023-07-31 12749583 core:PlantMachinery 2022-08-01 2023-07-31 12749583 countries:EnglandWales 2022-08-01 2023-07-31 12749583 2022-07-31 12749583 core:LandBuildings core:LongLeaseholdAssets 2022-07-31 12749583 core:MotorVehicles 2022-07-31 12749583 core:OfficeEquipment 2022-07-31 12749583 2021-08-01 2022-07-31 12749583 2022-07-31 12749583 core:CurrentFinancialInstruments 2022-07-31 12749583 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 12749583 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 12749583 core:LandBuildings core:LongLeaseholdAssets 2022-07-31 12749583 core:MotorVehicles 2022-07-31 12749583 core:OfficeEquipment 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 12749583

WJR Car and Commercial Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

WJR Car and Commercial Services Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

WJR Car and Commercial Services Limited

(Registration number: 12749583)
Statement of Financial Position as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

67,718

47,590

Current assets

 

Stocks

3,000

3,000

Debtors

5

7,540

4,895

Cash at bank and in hand

 

14,265

17,410

 

24,805

25,305

Creditors: Amounts falling due within one year

6

(11,131)

(8,833)

Net current assets

 

13,674

16,472

Total assets less current liabilities

 

81,392

64,062

Creditors: Amounts falling due after more than one year

6

(35,735)

(34,020)

Provisions for liabilities

(9,703)

(5,150)

Net assets

 

35,954

24,892

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

35,953

24,891

Shareholders' funds

 

35,954

24,892

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 30 April 2024
 


W Huxtable
Director

 

WJR Car and Commercial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westcotts (SW) LLP
80 Oxford Street
Burnham on Sea
Somerset
TA8 1EF
England and Wales

Principal activity

The principal activity of the company is Maintenance and repair of motor vehicles

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

WJR Car and Commercial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

- 25% reducing balance

Equipment

- 15% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

 

WJR Car and Commercial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 4).

 

WJR Car and Commercial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

4

Tangible assets

Leasehold Improvements
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

-

51,495

10,500

61,995

Additions

14,103

15,772

2,000

31,875

At 31 July 2023

14,103

67,267

12,500

93,870

Depreciation

At 1 August 2022

-

11,217

3,188

14,405

Charge for the year

-

8,950

2,797

11,747

At 31 July 2023

-

20,167

5,985

26,152

Carrying amount

At 31 July 2023

14,103

47,100

6,515

67,718

At 31 July 2022

-

40,278

7,312

47,590

5

Debtors

2023
£

2022
£

Trade debtors

7,540

4,895

7,540

4,895

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

8,891

6,593

Accruals and deferred income

2,240

2,240

11,131

8,833

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

35,735

34,020

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.