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REGISTERED NUMBER: 09614830 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

WITHNELL CAR SALES LIMITED

WITHNELL CAR SALES LIMITED (REGISTERED NUMBER: 09614830)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WITHNELL CAR SALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Ms C H Hurford





REGISTERED OFFICE: 9 Victoria Road
Fulwood
Preston
Lancashire
PR2 8ND





REGISTERED NUMBER: 09614830 (England and Wales)





ACCOUNTANTS: Streets Turner Limited
Chartered Accountants
9 Victoria Rd
Fulwood
Preston
Lancashire
PR2 8ND

WITHNELL CAR SALES LIMITED (REGISTERED NUMBER: 09614830)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 71,163 71,935
71,163 71,935

CURRENT ASSETS
Stocks 6 574,484 626,217
Debtors 7 852,178 1,009,521
Cash at bank and in hand 293,089 232,976
1,719,751 1,868,714
CREDITORS
Amounts falling due within one year 8 292,626 244,834
NET CURRENT ASSETS 1,427,125 1,623,880
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,498,288

1,695,815

CREDITORS
Amounts falling due after more than one
year

9

(14,839

)

(25,079

)

PROVISIONS FOR LIABILITIES 11 (7,501 ) (6,097 )
NET ASSETS 1,475,948 1,664,639

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,475,848 1,664,539
1,475,948 1,664,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WITHNELL CAR SALES LIMITED (REGISTERED NUMBER: 09614830)

BALANCE SHEET - continued
31 MAY 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 31 October 2024 and were signed by:





Ms C H Hurford - Director


WITHNELL CAR SALES LIMITED (REGISTERED NUMBER: 09614830)

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


1. STATUTORY INFORMATION

Withnell Car Sales 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

WITHNELL CAR SALES LIMITED (REGISTERED NUMBER: 09614830)

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


2. ACCOUNTING POLICIES - continued

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 14 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 11,000
AMORTISATION
At 1 June 2023
and 31 May 2024 11,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 38,201 13,847 4,930
Additions - 5,002 3,133
At 31 May 2024 38,201 18,849 8,063
DEPRECIATION
At 1 June 2023 - 7,428 2,419
Charge for year - 2,284 1,176
At 31 May 2024 - 9,712 3,595
NET BOOK VALUE
At 31 May 2024 38,201 9,137 4,468
At 31 May 2023 38,201 6,419 2,511

WITHNELL CAR SALES LIMITED (REGISTERED NUMBER: 09614830)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 51,433 18,643 127,054
Additions - 1,215 9,350
At 31 May 2024 51,433 19,858 136,404
DEPRECIATION
At 1 June 2023 26,710 18,562 55,119
Charge for year 6,181 481 10,122
At 31 May 2024 32,891 19,043 65,241
NET BOOK VALUE
At 31 May 2024 18,542 815 71,163
At 31 May 2023 24,723 81 71,935

6. STOCKS
2024 2023
£    £   
Finished goods 574,484 626,217

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 763,698 763,496
Other debtors 88,480 246,025
852,178 1,009,521

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 10,279 10,036
Trade creditors 27,888 36,728
Taxation and social security 183,104 135,472
Other creditors 71,355 62,598
292,626 244,834

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 14,839 25,079

WITHNELL CAR SALES LIMITED (REGISTERED NUMBER: 09614830)

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


10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,279 10,036

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,544 10,281

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,295 14,798

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,501 6,097

Deferred
tax
£   
Balance at 1 June 2023 6,097
Provided during year 1,404
Balance at 31 May 2024 7,501