Company Registration No. 01876236 (England and Wales)
Woodside Motors (Services) Limited
Unaudited accounts
for the year ended 31 January 2024
Woodside Motors (Services) Limited
Unaudited accounts
Contents
Woodside Motors (Services) Limited
Company Information
for the year ended 31 January 2024
Directors
Mr Philip Davies
Mrs Eileen Davies
Mr Anthony Davies
Company Number
01876236 (England and Wales)
Registered Office
44 CROXTETH DRIVE
RAINFORD
ST HELENS
MERSEYSIDE
WA11 8LA
Accountants
J F Balshaw & Co
20 Old Kiln Lane
Heaton
Bolton
Lancashire
BL1 5PD
Woodside Motors (Services) Limited
Statement of financial position
as at 31 January 2024
Tangible assets
2,600
3,143
Cash at bank and in hand
53,780
37,257
Creditors: amounts falling due within one year
(46,252)
(52,224)
Net current assets
207,530
192,184
Total assets less current liabilities
210,130
195,327
Creditors: amounts falling due after more than one year
-
(7,238)
Provisions for liabilities
Net assets
209,850
187,752
Called up share capital
2
2
Profit and loss account
209,848
187,750
Shareholders' funds
209,850
187,752
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2024 and were signed on its behalf by
Mr Philip Davies
Director
Company Registration No. 01876236
Woodside Motors (Services) Limited
Notes to the Accounts
for the year ended 31 January 2024
Woodside Motors (Services) Limited is a private company, limited by shares, registered in England and Wales, registration number 01876236. The registered office is 44 CROXTETH DRIVE, RAINFORD, ST HELENS, MERSEYSIDE, WA11 8LA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Woodside Motors (Services) Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
36,304
37,839
74,143
At 31 January 2024
36,304
37,839
74,143
At 1 February 2023
35,583
35,417
71,000
Charge for the year
180
363
543
At 31 January 2024
35,763
35,780
71,543
At 31 January 2024
541
2,059
2,600
At 31 January 2023
721
2,422
3,143
Amounts falling due within one year
Amounts due from group undertakings etc.
189,628
194,572
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,238
8,333
Trade creditors
7,780
17,811
Taxes and social security
9,756
4,510
Loans from directors
20,000
20,000
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
An amount of £20,000 (2022 £20,000) is owed to the directors.
9
Average number of employees
During the year the average number of employees was 4 (2023: 5).