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
WWAC Automotive Ltd
Company Information
for the year ended 31 October 2023
Company Number
02648986 (England and Wales)
Registered Office
44-45 TAMWORTH ROAD
CROYDON
CR0 1XU
ENGLAND
WWAC Automotive Ltd
Statement of financial position
as at 31 October 2023
Intangible assets
1,000
1,000
Tangible assets
515,020
449,565
Inventories
498,935
518,556
Cash at bank and in hand
79,563
147,025
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
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
WWAC Automotive Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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 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 (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
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
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
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
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
9
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
238,300
409,695
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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).