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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
Page
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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
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Woodside Motors (Services) Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,600 
3,143 
Current assets
Inventories
10,000 
10,000 
Debtors
190,002 
197,151 
Cash at bank and in hand
53,780 
37,257 
253,782 
244,408 
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
Deferred tax
(280)
(337)
Net assets
209,850 
187,752 
Capital and reserves
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
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Woodside Motors (Services) Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 31 January 2024
541 
2,059 
2,600 
At 31 January 2023
721 
2,422 
3,143 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
342 
2,547 
Amounts due from group undertakings etc.
189,628 
194,572 
Other debtors
32 
32 
190,002 
197,151 
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 
Other creditors
128 
- 
Loans from directors
20,000 
20,000 
Accruals
1,350 
1,570 
46,252 
52,224 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
7,238 
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).
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