IRIS Accounts Production v24.1.0.578 11133921 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111339212023-01-31111339212024-01-31111339212023-02-012024-01-31111339212022-01-31111339212022-02-012023-01-31111339212023-01-3111133921ns15:EnglandWales2023-02-012024-01-3111133921ns14:PoundSterling2023-02-012024-01-3111133921ns10:Director12023-02-012024-01-3111133921ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111133921ns10:SmallEntities2023-02-012024-01-3111133921ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111133921ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111133921ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111133921ns10:FullAccounts2023-02-012024-01-3111133921ns10:CompanySecretary12023-02-012024-01-3111133921ns10:RegisteredOffice2023-02-012024-01-3111133921ns5:CurrentFinancialInstruments2024-01-3111133921ns5:CurrentFinancialInstruments2023-01-3111133921ns5:Non-currentFinancialInstruments2024-01-3111133921ns5:Non-currentFinancialInstruments2023-01-3111133921ns5:ShareCapital2024-01-3111133921ns5:ShareCapital2023-01-3111133921ns5:RetainedEarningsAccumulatedLosses2024-01-3111133921ns5:RetainedEarningsAccumulatedLosses2023-01-3111133921ns5:PlantMachinery2023-01-3111133921ns5:MotorVehicles2023-01-3111133921ns5:PlantMachinery2023-02-012024-01-3111133921ns5:MotorVehicles2023-02-012024-01-3111133921ns5:PlantMachinery2024-01-3111133921ns5:MotorVehicles2024-01-3111133921ns5:PlantMachinery2023-01-3111133921ns5:MotorVehicles2023-01-3111133921ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3111133921ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 11133921 (England and Wales)
























WIMBORNE CAR SALES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






WIMBORNE CAR SALES LTD (REGISTERED NUMBER: 11133921)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WIMBORNE CAR SALES LTD

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: D S Bartlett





SECRETARY:





REGISTERED OFFICE: Stone Lane Industrial Estate
Stone Lane
Wimborne
Dorset
BH21 1HD





REGISTERED NUMBER: 11133921 (England and Wales)





ACCOUNTANTS: Sau Kee Li CTA ATT
87 North Road
Parkstone
Poole
Dorset
BH14 0LT

WIMBORNE CAR SALES LTD (REGISTERED NUMBER: 11133921)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,302 72,402

CURRENT ASSETS
Stocks 55,144 62,974
Debtors 5 2,075 2,541
Cash at bank 2,006 14,428
59,225 79,943
CREDITORS
Amounts falling due within one year 6 102,371 107,189
NET CURRENT LIABILITIES (43,146 ) (27,246 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,156

45,156

CREDITORS
Amounts falling due after more than one
year

7

36,088

51,617
NET LIABILITIES (24,932 ) (6,461 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (24,934 ) (6,463 )
SHAREHOLDERS' FUNDS (24,932 ) (6,461 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

WIMBORNE CAR SALES LTD (REGISTERED NUMBER: 11133921)

BALANCE SHEET - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2024 and were signed by:





D S Bartlett - Director


WIMBORNE CAR SALES LTD (REGISTERED NUMBER: 11133921)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Wimborne Car Sales Ltd 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 6 ) .

WIMBORNE CAR SALES LTD (REGISTERED NUMBER: 11133921)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 24,639 114,949 139,588
DEPRECIATION
At 1 February 2023 18,771 48,415 67,186
Charge for year 1,467 16,633 18,100
At 31 January 2024 20,238 65,048 85,286
NET BOOK VALUE
At 31 January 2024 4,401 49,901 54,302
At 31 January 2023 5,868 66,534 72,402

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,075 2,541

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 59,903 76,533
Taxation and social security 3,021 868
Other creditors 39,447 29,788
102,371 107,189

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 22,144 32,253
Hire purchase contracts 13,944 19,364
36,088 51,617

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,144 32,253

8. CALLED UP SHARE CAPITAL