TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Company Registration Number:
05009051 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Company Information

for the Period Ended 31 January 2024




Director: A.C. WORSWICK
Registered office: C/O Worswick Engineering Ltd
Philips Road
Blackburn
BB1 5SG
Company Registration Number: 05009051 (England and Wales)

TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal Activities

The principal activity of the company in the year under review was of the repair and manufacture of special parts for performance cars.

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
A.C. WORSWICK

This report was approved by the board of directors on 30 October 2024
And Signed On Behalf Of The Board By:

Name: A.C. WORSWICK
Status: Director

TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Turnover 48,787 39,476
Cost of sales ( 60,042 ) ( 27,724 )
Gross Profit or (Loss) ( 11,255 ) 11,752
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 8,192 ) ( 9,959 )
Other operating income 0 0
Operating Profit or (Loss) ( 19,447 ) 1,793
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax ( 19,447 ) 1,793
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 19,447 ) 1,793

The notes form part of these financial statements

TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 7,301 8,590
Total fixed assets: 7,301 8,590
Current assets
Stocks: 750 750
Debtors: 6 13,270 19,767
Cash at bank and in hand: 32,667 13,583
Total current assets: 46,687 34,100
Creditors: amounts falling due within one year: 7 ( 166,262 ) ( 133,724 )
Net current assets (liabilities): ( 119,575 ) ( 99,624 )
Total assets less current liabilities: ( 112,274 ) ( 91,034 )
Total net assets (liabilities): ( 112,274 ) ( 91,034 )

The notes form part of these financial statements

TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: ( 113,274 ) ( 92,034 )
Shareholders funds: ( 112,274 ) ( 91,034 )

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 October 2024
And Signed On Behalf Of The Board By:

Name: A.C. WORSWICK
Status: Director

The notes form part of these financial statements

TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of goods, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the the following annual rates in order to write off each asset over its estimated useful
    life.

    Plant and machinery etc - 15% on reducing balance

TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Intangible assets

Other Total
Cost £ £
At 01 February 2023 - -
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 January 2024 0 0
Amortisation
Amortisation at 01 February 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 31 January 2024 0 0
Net book value
Net book value at 31 January 2024 0 0
Net book value at 31 January 2023 0 0


TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Tangible assets

Plant & machinery Total
Cost £ £
At 01 February 2023 47,780 47,780
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 January 2024 47,780 47,780
Depreciation
At 01 February 2023 39,190 39,190
Charge for year 1,289 1,289
On disposals - -
Other adjustments - -
At 31 January 2024 40,479 40,479
Net book value
At 31 January 2024 7,301 7,301
At 31 January 2023 8,590 8,590

Depreciation is provided at the the following annual rates in order to write off each asset over its estimated useful
life.

Plant and machinery etc - 15% on reducing balance

TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Debtors


2024
£

2023
£
Trade debtors 13,270 19,767
Total 13,270 19,767

TONY WORSWICK AUTOMOTIVE ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 49,999 21,891
Taxation and social security 112 230
Accruals and deferred income 550 550
Other creditors 115,601 111,053
Total 166,262 133,724