Company Registration No. 10574310 (England and Wales)
Woodlands Cars Limited
Unaudited accounts
for the year ended 31 January 2024
Woodlands Cars Limited
Unaudited accounts
Contents
Woodlands Cars Limited
Company Information
for the year ended 31 January 2024
Directors
Matthew John Berry
Darren Clarke
Company Number
10574310 (England and Wales)
Registered Office
STATION YARD LOW MOORGATE
RILLINGTON
MALTON
NORTH YORKSHIRE
YO17 8JW
ENGLAND
Accountants
JLW Accounting Solutions
Shallowdale House
East Street
Swinton
North Yorkshire
YO17 6SH
Woodlands Cars Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
9,530
1,725
Creditors: amounts falling due within one year
(50,414)
(26,966)
Net current assets
28,030
28,190
Total assets less current liabilities
28,030
28,082
Creditors: amounts falling due after more than one year
(38,729)
(44,304)
Net liabilities
(10,699)
(16,222)
Called up share capital
100
100
Profit and loss account
(10,799)
(16,322)
Shareholders' funds
(10,699)
(16,222)
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by
Matthew John Berry
Director
Company Registration No. 10574310
Woodlands Cars Limited
Notes to the Accounts
for the year ended 31 January 2024
Woodlands Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 10574310. The registered office is STATION YARD LOW MOORGATE, RILLINGTON, MALTON, NORTH YORKSHIRE, YO17 8JW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention and in accordance with FRS102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover from the sale of vehicles is measured at the fair value of the consideration received or receivable, net of value added tax calculated on the profit margin. Turnover is recognised when the vehicles have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
Stock of vehicles have been valued at the lower of cost and estimated selling price less costs to complete and sell. Costs to complete and sell are any repairs to the vehicles. Estimated selling price is based on the estimated price the vehicle is expected to be sold for.
The directors have adopted the going concern basis for the preparation of the accounts. The company continues to operate with the support of its directors.
Woodlands Cars Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,036
2,389
Other creditors
3,809
4,121
Loans from directors
33,873
18,465
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).