Hartley Wintney Car Wash Limited 14607739 false 2023-01-20 2024-01-31 2024-01-31 The principal activity of the company is that of Car Wash. The company was incorporated on the 20th of January 2023 and commenced trading on the 1st of April 2023. Digita Accounts Production Advanced 6.30.9574.0 true 14607739 2023-01-20 2024-01-31 14607739 2024-01-31 14607739 bus:OrdinaryShareClass1 2024-01-31 14607739 core:CurrentFinancialInstruments 2024-01-31 14607739 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 14607739 core:OtherPropertyPlantEquipment 2024-01-31 14607739 bus:SmallEntities 2023-01-20 2024-01-31 14607739 bus:AuditExemptWithAccountantsReport 2023-01-20 2024-01-31 14607739 bus:FilletedAccounts 2023-01-20 2024-01-31 14607739 bus:SmallCompaniesRegimeForAccounts 2023-01-20 2024-01-31 14607739 bus:RegisteredOffice 2023-01-20 2024-01-31 14607739 bus:Director1 2023-01-20 2024-01-31 14607739 bus:Director2 2023-01-20 2024-01-31 14607739 bus:OrdinaryShareClass1 2023-01-20 2024-01-31 14607739 bus:PrivateLimitedCompanyLtd 2023-01-20 2024-01-31 14607739 core:OtherPropertyPlantEquipment 2023-01-20 2024-01-31 14607739 countries:AllCountries 2023-01-20 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14607739

Hartley Wintney Car Wash Limited

Unaudited Filleted Financial Statements

for the Period from 20 January 2023 to 31 January 2024

 

Hartley Wintney Car Wash Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Hartley Wintney Car Wash Limited

Company Information

Directors

M Isufi

I Zeqiri

Registered office

The Carriage House London Road
Hartley Wintney
Hook
Hampshire
RG27 8HR

Accountants

Thomas Alexander & Co Ltd
590 Green Lanes
Palmers Green
London
N13 5RY

 

Hartley Wintney Car Wash Limited

(Registration number: 14607739)
Balance Sheet as at 31 January 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

1,535

Current assets

 

Stocks

5

130

Debtors

6

7,103

Cash at bank and in hand

 

3,171

 

10,404

Creditors: Amounts falling due within one year

7

(8,279)

Net current assets

 

2,125

Net assets

 

3,660

Capital and reserves

 

Called up share capital

8

100

Retained earnings

3,560

Shareholders' funds

 

3,660

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 October 2024 and signed on its behalf by:
 

.........................................
M Isufi
Director

 

Hartley Wintney Car Wash Limited

Notes to the Unaudited Financial Statements for the Period from 20 January 2023 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
The Carriage House London Road
Hartley Wintney
Hook
Hampshire
RG27 8HR

These financial statements were authorised for issue by the Board on 14 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Hartley Wintney Car Wash Limited

Notes to the Unaudited Financial Statements for the Period from 20 January 2023 to 31 January 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Hartley Wintney Car Wash Limited

Notes to the Unaudited Financial Statements for the Period from 20 January 2023 to 31 January 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

 

Hartley Wintney Car Wash Limited

Notes to the Unaudited Financial Statements for the Period from 20 January 2023 to 31 January 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

Additions

1,675

1,675

At 31 January 2024

1,675

1,675

Depreciation

Charge for the period

140

140

At 31 January 2024

140

140

Carrying amount

At 31 January 2024

1,535

1,535

5

Stocks

2024
£

Other inventories

130

6

Debtors

2024
£

Prepayments

7,103

7,103

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

27

Corporation tax liability

1,652

Accruals and deferred income

2,000

Other creditors

4,600

8,279

 

Hartley Wintney Car Wash Limited

Notes to the Unaudited Financial Statements for the Period from 20 January 2023 to 31 January 2024

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

100

100

   

9

Dividends

2024

£

Interim dividend of £20.00 per ordinary share

2,000

 

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £285,650.
This relates to trading premises rent payable under operating lease, the average annual commitments of the lease is £68,556.