D W H Motors Ltd 05028799 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is maintenance and repair of motor vehicles, sale of motor vehicles and haulage Digita Accounts Production Advanced 6.30.9574.0 true true 05028799 2023-04-01 2024-03-31 05028799 2024-03-31 05028799 bus:OrdinaryShareClass1 2024-03-31 05028799 bus:OrdinaryShareClass2 2024-03-31 05028799 core:CurrentFinancialInstruments 2024-03-31 05028799 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05028799 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 05028799 core:Goodwill 2024-03-31 05028799 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 05028799 core:PlantMachinery 2024-03-31 05028799 bus:SmallEntities 2023-04-01 2024-03-31 05028799 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05028799 bus:FilletedAccounts 2023-04-01 2024-03-31 05028799 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05028799 bus:RegisteredOffice 2023-04-01 2024-03-31 05028799 bus:CompanySecretary1 2023-04-01 2024-03-31 05028799 bus:Director2 2023-04-01 2024-03-31 05028799 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05028799 core:Goodwill 2023-04-01 2024-03-31 05028799 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05028799 core:LeaseholdImprovements 2023-04-01 2024-03-31 05028799 core:PlantMachinery 2023-04-01 2024-03-31 05028799 core:VehiclesPlantMachinery 2023-04-01 2024-03-31 05028799 countries:AllCountries 2023-04-01 2024-03-31 05028799 2023-03-31 05028799 core:Goodwill 2023-03-31 05028799 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 05028799 core:PlantMachinery 2023-03-31 05028799 2022-04-01 2023-03-31 05028799 2023-03-31 05028799 bus:OrdinaryShareClass1 2023-03-31 05028799 bus:OrdinaryShareClass2 2023-03-31 05028799 core:CurrentFinancialInstruments 2023-03-31 05028799 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05028799 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 05028799 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 05028799 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05028799

D W H Motors Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

D W H Motors Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

D W H Motors Ltd

Company Information

Director

Mr DW Houghton

Company secretary

E Houghton

Registered office

Stockwell Farm
25 Stockswell Road
Cronton
Widnes
Cheshire
WA8 4PL

Accountants

Williamson Croft (Liverpool) Ltd
Chartered Certified Accountants
1 Old Hall Street
1st Floor
Liverpool
L3 9HF

 

D W H Motors Ltd

(Registration number: 05028799)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

202,250

75,935

Current assets

 

Stocks

6

76,790

135,995

Debtors

7

53,887

54,387

Cash at bank and in hand

 

46,064

427

 

176,741

190,809

Creditors: Amounts falling due within one year

8

(222,011)

(112,412)

Net current (liabilities)/assets

 

(45,270)

78,397

Total assets less current liabilities

 

156,980

154,332

Creditors: Amounts falling due after more than one year

8

(11,973)

(25,355)

Net assets

 

145,007

128,977

Capital and reserves

 

Called up share capital

9

20

20

Retained earnings

144,987

128,957

Shareholders' funds

 

145,007

128,977

 

D W H Motors Ltd

(Registration number: 05028799)
Balance Sheet as at 31 March 2024

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 November 2024
 

.........................................
Mr DW Houghton
Director

 

D W H Motors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Stockwell Farm
25 Stockswell Road
Cronton
Widnes
Cheshire
WA8 4PL

These financial statements were authorised for issue by the director on 1 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

D W H Motors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

20% straight line

Leasehold property

10% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

D W H Motors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 5).

 

D W H Motors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

30,000

30,000

At 31 March 2024

30,000

30,000

Amortisation

At 1 April 2023

30,000

30,000

At 31 March 2024

30,000

30,000

Carrying amount

At 31 March 2024

-

-

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

9,952

281,021

290,973

Additions

19,172

182,407

201,579

Disposals

-

(26,888)

(26,888)

At 31 March 2024

29,124

436,540

465,664

Depreciation

At 1 April 2023

-

215,038

215,038

Charge for the year

-

56,120

56,120

Eliminated on disposal

-

(7,744)

(7,744)

At 31 March 2024

-

263,414

263,414

Carrying amount

At 31 March 2024

29,124

173,126

202,250

At 31 March 2023

9,952

65,983

75,935

 

D W H Motors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Stocks

2024
£

2023
£

Other inventories

76,790

135,995

7

Debtors

Current

2024
£

2023
£

Trade debtors

48,537

54,387

Other debtors

5,350

-

 

53,887

54,387

8

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10,000

7,000

Trade creditors

 

74,939

29,996

Taxation and social security

 

14,224

17,799

Accruals and deferred income

 

3,900

3,650

Other creditors

 

118,948

53,967

 

222,011

112,412

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

11,973

25,355

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares

18

18

18

18

Ordinary shares

2

2

2

2

20

20

20

20