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Company Registration No. 02648986 (England and Wales)
WWAC Automotive Ltd Unaudited accounts for the year ended 31 October 2023
WWAC Automotive Ltd Unaudited accounts Contents
Page
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WWAC Automotive Ltd Company Information for the year ended 31 October 2023
Director
Dipen Pattni
Company Number
02648986 (England and Wales)
Registered Office
44-45 TAMWORTH ROAD CROYDON CR0 1XU ENGLAND
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WWAC Automotive Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,000 
1,000 
Tangible assets
515,020 
449,565 
Investments
50 
50 
516,070 
450,615 
Current assets
Inventories
498,935 
518,556 
Debtors
326,812 
380,750 
Cash at bank and in hand
79,563 
147,025 
905,310 
1,046,331 
Creditors: amounts falling due within one year
(69,478)
(80,660)
Net current assets
835,832 
965,671 
Total assets less current liabilities
1,351,902 
1,416,286 
Creditors: amounts falling due after more than one year
(238,300)
(409,695)
Net assets
1,113,602 
1,006,591 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,112,602 
1,005,591 
Shareholders' funds
1,113,602 
1,006,591 
For the year ending 31 October 2023 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 director acknowledges his 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 and authorised for issue on 30 July 2024 and were signed on its behalf by
Dipen Pattni Director Company Registration No. 02648986
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WWAC Automotive Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
WWAC Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 02648986. The registered office is 44-45 TAMWORTH ROAD, CROYDON, CR0 1XU, ENGLAND.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:5 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
1,000 
At 31 October 2023
1,000 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
1,000 
At 31 October 2022
1,000 
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WWAC Automotive Ltd Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
593,805 
117,140 
710,945 
Additions
110,455 
- 
110,455 
At 31 October 2023
704,260 
117,140 
821,400 
Depreciation
At 1 November 2022
237,228 
24,152 
261,380 
Charge for the year
42,323 
2,677 
45,000 
At 31 October 2023
279,551 
26,829 
306,380 
Net book value
At 31 October 2023
424,709 
90,311 
515,020 
At 31 October 2022
356,577 
92,988 
449,565 
6
Investments
Other investments 
£ 
Valuation at 1 November 2022
50 
Valuation at 31 October 2023
50 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
326,812 
380,750 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
61,607 
73,880 
Taxes and social security
7,871 
6,780 
69,478 
80,660 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
238,300 
409,695 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
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WWAC Automotive Ltd Notes to the Accounts for the year ended 31 October 2023
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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