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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
Page
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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
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Woodlands Cars Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
(108)
Current assets
Inventories
68,914 
53,431 
Cash at bank and in hand
9,530 
1,725 
78,444 
55,156 
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)
Capital and reserves
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
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Woodlands Cars Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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
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
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.
Going concern
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.
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Woodlands Cars Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
433 
At 31 January 2024
433 
Depreciation
At 1 February 2023
541 
Charge for the year
(108)
At 31 January 2024
433 
Net book value
At 31 January 2024
- 
At 31 January 2023
(108)
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,796 
1,216 
Trade creditors
1,036 
2,389 
Other creditors
3,809 
4,121 
Loans from directors
33,873 
18,465 
Accruals
900 
775 
Deferred income
8,000 
- 
50,414 
26,966 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
38,729 
44,304 
7
Share capital
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).
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