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REGISTERED NUMBER: 04937574 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

REX J. WOODGATE AUTOMOTIVE
CONSULTANTS LIMITED

REX J. WOODGATE AUTOMOTIVE
CONSULTANTS LIMITED (REGISTERED NUMBER: 04937574)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REX J. WOODGATE AUTOMOTIVE
CONSULTANTS LIMITED

Company Information
for the year ended 30 November 2023







DIRECTOR: C Woodgate





SECRETARY: Mrs J Woodgate





REGISTERED OFFICE: Units 36-38 Silverstone Circuit
Nr. Towcester
Northampton
Northamptonshire
NN12 8TN





REGISTERED NUMBER: 04937574 (England and Wales)





ACCOUNTANTS: Neuhoff & Co
Chartered Accountants
Claydons Barns
11 Towcester Road
Whittlebury
Northamptonshire
NN12 8XU

REX J. WOODGATE AUTOMOTIVE
CONSULTANTS LIMITED (REGISTERED NUMBER: 04937574)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,705 12,685

CURRENT ASSETS
Stocks 19,806 30,332
Debtors 5 72,146 33,755
Cash at bank 161,241 316,846
253,193 380,933
CREDITORS
Amounts falling due within one year 6 (64,245 ) (113,676 )
NET CURRENT ASSETS 188,948 267,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,653

279,942

PROVISIONS FOR LIABILITIES (2,572 ) (2,947 )
NET ASSETS 198,081 276,995

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 197,981 276,895
198,081 276,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

REX J. WOODGATE AUTOMOTIVE
CONSULTANTS LIMITED (REGISTERED NUMBER: 04937574)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 May 2024 and were signed by:





C Woodgate - Director


REX J. WOODGATE AUTOMOTIVE
CONSULTANTS LIMITED (REGISTERED NUMBER: 04937574)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Rex J. Woodgate Automotive Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, namely, trade and other debtors and creditors, loans from banks and other third parties, loans to related third parties and investments in non-puttable ordinary shares.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


REX J. WOODGATE AUTOMOTIVE
CONSULTANTS LIMITED (REGISTERED NUMBER: 04937574)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 35,350 66,993 102,343
Additions - 831 831
At 30 November 2023 35,350 67,824 103,174
DEPRECIATION
At 1 December 2022 35,350 54,308 89,658
Charge for year - 1,811 1,811
At 30 November 2023 35,350 56,119 91,469
NET BOOK VALUE
At 30 November 2023 - 11,705 11,705
At 30 November 2022 - 12,685 12,685

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,483 23,750
Other debtors 9,663 10,005
72,146 33,755

REX J. WOODGATE AUTOMOTIVE
CONSULTANTS LIMITED (REGISTERED NUMBER: 04937574)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 24,665 28,175
Taxation and social security 20,744 33,847
Other creditors 18,836 51,654
64,245 113,676

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 22,940 22,272