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Company Registration No. 13866795 (England and Wales)
Webuylovelycars.com Ltd Unaudited accounts for the year ended 31 January 2024
Webuylovelycars.com Ltd Unaudited accounts Contents
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Webuylovelycars.com Ltd Company Information for the year ended 31 January 2024
Director
Timothy Maguire
Company Number
13866795 (England and Wales)
Registered Office
C/O MASTER ACCOUNTING LIMITED THE STABLE ASHLEY MARKET HARBOROUGH LE16 8HF ENGLAND
Accountants
Master Accounting Limited The Stables, Ashley Court 32 Main Street, Ashley Market Harborough Leicestershire LE16 8HF
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Webuylovelycars.com Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,693 
121 
Current assets
Inventories
78,459 
- 
Debtors
3,352 
135 
Cash at bank and in hand
18,192 
188 
100,003 
323 
Creditors: amounts falling due within one year
(123,684)
(1,300)
Net current liabilities
(23,681)
(977)
Net liabilities
(15,988)
(856)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(16,988)
(1,856)
Shareholders' funds
(15,988)
(856)
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 director acknowledges his 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 and authorised for issue on 12 October 2024 and were signed on its behalf by
Timothy Maguire Director Company Registration No. 13866795
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Webuylovelycars.com Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Webuylovelycars.com Ltd is a private company, limited by shares, registered in England and Wales, registration number 13866795. The registered office is C/O MASTER ACCOUNTING LIMITED THE STABLE, ASHLEY, MARKET HARBOROUGH, LE16 8HF, 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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
20% Straight line
Computer equipment
33% Straight line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
- 
128 
128 
Additions
4,531 
3,323 
7,854 
At 31 January 2024
4,531 
3,451 
7,982 
Depreciation
At 1 February 2023
- 
7 
7 
Charge for the year
76 
206 
282 
At 31 January 2024
76 
213 
289 
Net book value
At 31 January 2024
4,455 
3,238 
7,693 
At 31 January 2023
- 
121 
121 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,352 
135 
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Webuylovelycars.com Ltd Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
70,784 
- 
Loans from directors
52,500 
900 
Accruals
400 
400 
123,684 
1,300 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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