3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05687634 2023-02-01 2024-02-29 05687634 2024-02-29 05687634 2023-01-31 05687634 2022-02-01 2023-01-31 05687634 2023-01-31 05687634 2022-01-31 05687634 core:PlantMachinery 2023-02-01 2024-02-29 05687634 core:MotorVehicles 2023-02-01 2024-02-29 05687634 bus:RegisteredOffice 2023-02-01 2024-02-29 05687634 bus:LeadAgentIfApplicable 2023-02-01 2024-02-29 05687634 bus:Director1 2023-02-01 2024-02-29 05687634 bus:CompanySecretary1 2023-02-01 2024-02-29 05687634 core:PlantMachinery 2023-01-31 05687634 core:MotorVehicles 2023-01-31 05687634 core:PlantMachinery 2024-02-29 05687634 core:MotorVehicles 2024-02-29 05687634 core:WithinOneYear 2024-02-29 05687634 core:WithinOneYear 2023-01-31 05687634 core:ShareCapital 2024-02-29 05687634 core:ShareCapital 2023-01-31 05687634 core:RetainedEarningsAccumulatedLosses 2024-02-29 05687634 core:RetainedEarningsAccumulatedLosses 2023-01-31 05687634 core:PlantMachinery 2023-01-31 05687634 core:MotorVehicles 2023-01-31 05687634 bus:SmallEntities 2023-02-01 2024-02-29 05687634 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-02-29 05687634 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-02-29 05687634 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-02-29 05687634 bus:FullAccounts 2023-02-01 2024-02-29
COMPANY REGISTRATION NUMBER: 05687634
Whitwell Service Station Ltd
Filleted Unaudited Financial Statements
29 February 2024
Whitwell Service Station Ltd
Financial Statements
Period from 1 February 2023 to 29 February 2024
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 6
Whitwell Service Station Ltd
Officers and Professional Advisers
Director Mr I Davidson
- Director
Company secretary
Mrs G Davidson
Registered office
Whitwell Service Station
Welbeck Street
Whitwell
Worksop
Nottinghamshire
England
S80 4TP
Accountants
Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton-in-Ashfield
Nottinghamshire
NG17 4EA
Whitwell Service Station Ltd
Statement of Financial Position
29 February 2024
29 Feb 24
31 Jan 23
Note
£
£
Fixed assets
Tangible assets
5
18,878
24,187
Current assets
Stocks
3,000
3,000
Debtors
6
13,617
13,701
Cash at bank and in hand
226,059
162,168
---------
---------
242,676
178,869
Creditors: amounts falling due within one year
7
161,390
106,517
---------
---------
Net current assets
81,286
72,352
---------
--------
Total assets less current liabilities
100,164
96,539
Provisions
23,091
20,441
---------
--------
Net assets
77,073
76,098
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
76,973
75,998
--------
--------
Shareholders funds
77,073
76,098
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Whitwell Service Station Ltd
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 23 May 2024 , and are signed on behalf of the board by:
Mr I Davidson
Director
Company registration number: 05687634
Whitwell Service Station Ltd
Notes to the Financial Statements
Period from 1 February 2023 to 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Whitwell Service Station, Welbeck Street, Whitwell, Worksop, Nottinghamshire, S80 4TP, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its 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 like trade and other debtors and creditors, loans from banks and other third parties.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 3 (2023: 3 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 February 2023
38,520
65,701
104,221
Additions
1,607
1,607
Disposals
( 250)
( 9,801)
( 10,051)
--------
--------
---------
At 29 February 2024
39,877
55,900
95,777
--------
--------
---------
Depreciation
At 1 February 2023
29,958
50,076
80,034
Charge for the period
2,408
4,057
6,465
Disposals
( 213)
( 9,387)
( 9,600)
--------
--------
---------
At 29 February 2024
32,153
44,746
76,899
--------
--------
---------
Carrying amount
At 29 February 2024
7,724
11,154
18,878
--------
--------
---------
At 31 January 2023
8,562
15,625
24,187
--------
--------
---------
6. Debtors
29 Feb 24
31 Jan 23
£
£
Trade debtors
11,666
11,745
Other debtors
1,951
1,956
--------
--------
13,617
13,701
--------
--------
7. Creditors: amounts falling due within one year
29 Feb 24
31 Jan 23
£
£
Trade creditors
1,568
884
Corporation tax
18,443
8,763
Social security and other taxes
18,096
7,428
Other creditors
123,283
89,442
---------
---------
161,390
106,517
---------
---------
8. Directors note
At the balance sheet date, the directors were owed £120,833 (31 Jan 23: £87,442) by the company.
The balance is interest free and repayable on demand.