Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 14 January 2022 false 1 February 2023 31 January 2024 31 January 2024 13848679 Mr Steven Lee Cubitt Mr Ian Rose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13848679 2023-01-31 13848679 2024-01-31 13848679 2023-02-01 2024-01-31 13848679 frs-core:CurrentFinancialInstruments 2024-01-31 13848679 frs-core:MotorVehicles 2024-01-31 13848679 frs-core:MotorVehicles 2023-02-01 2024-01-31 13848679 frs-core:MotorVehicles 2023-01-31 13848679 frs-core:ShareCapital 2024-01-31 13848679 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13848679 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13848679 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13848679 frs-bus:SmallEntities 2023-02-01 2024-01-31 13848679 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13848679 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13848679 frs-bus:Director1 2023-02-01 2024-01-31 13848679 frs-bus:Director2 2023-02-01 2024-01-31 13848679 frs-countries:EnglandWales 2023-02-01 2024-01-31 13848679 2022-01-13 13848679 2023-01-31 13848679 2022-01-14 2023-01-31 13848679 frs-core:CurrentFinancialInstruments 2023-01-31 13848679 frs-core:ShareCapital 2023-01-31 13848679 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13848679
Wallis Road Motor Company Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
G2S Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13848679
31 January 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,000 3,000
2,000 3,000
CURRENT ASSETS
Stocks 5 7,550 15,460
Cash at bank and in hand 175 1,081
7,725 16,541
Creditors: Amounts Falling Due Within One Year 6 (21,412 ) (27,252 )
NET CURRENT ASSETS (LIABILITIES) (13,687 ) (10,711 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,687 ) (7,711 )
NET LIABILITIES (11,687 ) (7,711 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (11,787 ) (7,811 )
SHAREHOLDERS' FUNDS (11,687) (7,711)
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Page 2
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.
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 Steven Lee Cubitt
Director
01/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wallis Road Motor Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13848679 . The registered office is Wallis Road, Skippers Lane Industrial Estate, Middlesbrough, TS6 6JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any 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:
Motor Vehicles Straight Line Method - 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 February 2023 4,000
As at 31 January 2024 4,000
Depreciation
As at 1 February 2023 1,000
Provided during the period 1,000
As at 31 January 2024 2,000
Net Book Value
As at 31 January 2024 2,000
As at 1 February 2023 3,000
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5. Stocks
31 January 2024 31 January 2023
£ £
Finished goods 7,550 15,460
6. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 January 2023
£ £
Trade creditors - 500
Accruals and deferred income 500 500
Directors' loan accounts 20,912 26,252
21,412 27,252
7. Share Capital
31 January 2024 31 January 2023
£ £
Allotted, Called up and fully paid 100 100
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