Registered number
06245643
Wash Repairs Ltd
Filleted Accounts
31 March 2024
Wash Repairs Ltd
Registered number: 06245643
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 29,166 37,320
29,166 37,320
Current assets
Debtors 4 - 8,262
Cash at bank and in hand 2,294 730
2,294 8,992
Creditors: amounts falling due within one year 5 (2,767) (550)
Net current assets (473) 8,442
Total assets less current liabilities 28,693 45,762
Creditors: amounts falling due after more than one year 6 (64,297) (69,524)
Net assets (35,604) (23,762)
Capital and reserves
Called up share capital 5 5
Profit and loss account (35,609) (23,767)
Shareholders' funds (35,604) (23,762)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C D G Taylor
Director
Approved by the board on 6 September 2024
Wash Repairs Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 5 years
Office equipment over 5 years
Small tools over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Small tools Office equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 4,962 1,606 46,148 52,716
At 31 March 2024 4,962 1,606 46,148 52,716
Depreciation
At 1 April 2023 4,560 1,606 9,230 15,396
Charge for the year 81 - 8,073 8,154
At 31 March 2024 4,641 1,606 17,303 23,550
Net book value
At 31 March 2024 321 - 28,845 29,166
At 31 March 2023 402 - 36,918 37,320
4 Debtors 2024 2023
£ £
Other debtors - VAT - 8,262
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 875 550
Taxation and social security costs 1,892 -
2,767 550
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's current a/c 64,297 69,524
7 Controlling party
Mr C Taylor owns 100% of the issued shares.
8 Other information
Wash Repairs Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10 Torrington Road
Claygate
Esher
Surrey
KT10 0SA
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