Company Registration No. 11905951 (England and Wales)
HWF MOTORS LTD
Unaudited accounts
for the year ended 31 March 2024
HWF MOTORS LTD
Unaudited accounts
Contents
HWF MOTORS LTD
Company Information
for the year ended 31 March 2024
Directors
Rachael Jean Bell
Paul Fletcher
Company Number
11905951 (England and Wales)
Registered Office
47 ALT AVENUE
LIVERPOOL
L31 7BJ
ENGLAND
HWF MOTORS LTD
Statement of financial position
as at 31 March 2024
Tangible assets
4,135
5,043
Inventories
116,568
78,275
Cash at bank and in hand
6,040
16,544
Creditors: amounts falling due within one year
(128,168)
(85,512)
Net current (liabilities)/assets
(4,938)
15,381
Total assets less current liabilities
(803)
20,424
Creditors: amounts falling due after more than one year
(6,250)
(11,251)
Net (liabilities)/assets
(7,053)
9,173
Called up share capital
2
2
Profit and loss account
(7,055)
9,171
Shareholders' funds
(7,053)
9,173
For the year ending 31 March 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 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 of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by
Paul Fletcher
Director
Company Registration No. 11905951
HWF MOTORS LTD
Notes to the Accounts
for the year ended 31 March 2024
HWF MOTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 11905951. The registered office is 47 ALT AVENUE, LIVERPOOL, L31 7BJ, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
HWF MOTORS LTD
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,001
5,000
Obligations under finance leases and hire purchase contracts
-
3,564
Other creditors
27,427
6,083
Loans from directors
84,953
65,495
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).