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REGISTERED NUMBER: 10769688 (England and Wales)















WOBURN VEHICLE GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






WOBURN VEHICLE GROUP LIMITED (REGISTERED NUMBER: 10769688)

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


WOBURN VEHICLE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: A Grace





SECRETARY: Mrs L J Grace





REGISTERED OFFICE: Unit A B & C Hayfield Business Park
Aspley Guise
Milton Keynes
MK17 8HL





REGISTERED NUMBER: 10769688 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

WOBURN VEHICLE GROUP LIMITED (REGISTERED NUMBER: 10769688)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 417,051 485,312

CURRENT ASSETS
Debtors 5 62,170 34,476
Cash at bank and in hand 7,927 41,191
70,097 75,667
CREDITORS
Amounts falling due within one year 6 205,736 360,919
NET CURRENT LIABILITIES (135,639 ) (285,252 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,412

200,060

CREDITORS
Amounts falling due after more than one
year

7

335,560

292,326
NET LIABILITIES (54,148 ) (92,266 )

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 9 (54,152 ) (92,270 )
SHAREHOLDERS' FUNDS (54,148 ) (92,266 )

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.

WOBURN VEHICLE GROUP LIMITED (REGISTERED NUMBER: 10769688)

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 18 March 2024 and were signed by:





A Grace - Director


WOBURN VEHICLE GROUP LIMITED (REGISTERED NUMBER: 10769688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Woburn Vehicle Group Limited 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.
Plant and machinery - 25% on cost
Motor vehicles - 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

WOBURN VEHICLE GROUP LIMITED (REGISTERED NUMBER: 10769688)

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 38,320 751,322 789,642
Additions 1,139 249,385 250,524
Disposals - (430,287 ) (430,287 )
At 31 January 2024 39,459 570,420 609,879
DEPRECIATION
At 1 February 2023 37,845 266,485 304,330
Charge for year 459 64,342 64,801
Eliminated on disposal - (176,303 ) (176,303 )
At 31 January 2024 38,304 154,524 192,828
NET BOOK VALUE
At 31 January 2024 1,155 415,896 417,051
At 31 January 2023 475 484,837 485,312

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 3,785 12,290
Prepayments and accrued income 58,385 22,186
62,170 34,476

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 84,170 149,503
Trade creditors 32,863 10,135
VAT 12,560 18,966
Directors' current accounts 130 49,801
Accrued expenses 76,013 132,514
205,736 360,919

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 335,560 292,326

WOBURN VEHICLE GROUP LIMITED (REGISTERED NUMBER: 10769688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 £1 Ordinary £1 2 2
1 £1"A" Ordinary £1 1 1
1 £1"B" ordinary £1 1 1
4 4

9. RESERVES
Retained
earnings
£   

At 1 February 2023 (92,270 )
Profit for the year 38,118
At 31 January 2024 (54,152 )

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
A Grace
Balance outstanding at start of year 49,801 44,864
Amounts advanced - 4,937
Amounts repaid (49,671 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 130 49,801