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Registered number: 13490410
WVG Autocare Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13490410
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,336 15,559
12,336 15,559
CURRENT ASSETS
Debtors 5 3,826 4,987
Cash at bank and in hand 3,305 3,725
7,131 8,712
Creditors: Amounts Falling Due Within One Year 6 (47,215 ) (46,342 )
NET CURRENT ASSETS (LIABILITIES) (40,084 ) (37,630 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,748 ) (22,071 )
NET LIABILITIES (27,748 ) (22,071 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (27,848 ) (22,171 )
SHAREHOLDERS' FUNDS (27,748) (22,071)
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For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S A Clarke
Director
24 July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
WVG Autocare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13490410 . The registered office is Unit 1 Palatine Industrial Estate, Causeway Avenue, Warrington, Cheshire, WA4 6QQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery 20% Reducing balance
Fixtures and fittings 25% Reducing balance
2.5. Financial Instruments
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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant and machinery Fixtures and fittings Total
£ £ £
Cost
As at 1 June 2023 20,390 3,855 24,245
As at 31 May 2024 20,390 3,855 24,245
Depreciation
As at 1 June 2023 7,069 1,617 8,686
Provided during the period 2,664 559 3,223
As at 31 May 2024 9,733 2,176 11,909
Net Book Value
As at 31 May 2024 10,657 1,679 12,336
As at 1 June 2023 13,321 2,238 15,559
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 742 -
Deferred tax current asset 3,084 4,987
3,826 4,987
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,071 1,242
Accruals and deferred income 244 200
Directors' loan accounts 45,900 44,900
47,215 46,342
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current accounting period.
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9. Related Party Transactions
The following related party transactions were undertaken during the year:
The director of the company withdrew amounts totalling £1,700 (2023: £NIL) and introduced amounts of £2,700 (2023: £5,000). At the balance sheet date the company owed the director £45,900 (2023: £44,900).
No dividends were paid to the director in respect of the shareholdings (2023: £Nil).
The aggregate remuneration paid to key management personnel for the year was £19,083 (2023: £9,986).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
10. Going Concern
The company is able to meet its day to day working capital requirements through the support of its director. Therefore, the director considers it appropriate to prepare the financial statements on the going concern basis.
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