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REGISTERED NUMBER: 08838198 (England and Wales)














Unaudited Financial Statements

For The Year Ended 29th February 2024

for

C & W Motors Ltd

C & W Motors Ltd (Registered number: 08838198)






Contents of the Financial Statements
For The Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

C & W Motors Ltd

Company Information
For The Year Ended 29th February 2024







DIRECTORS: G L Cole
Mrs E Cole
A G Cole





REGISTERED OFFICE: Sansedis
Hoover Lane
Pontshill
Ross on Wye
Herefordshire
HR9 5TX





REGISTERED NUMBER: 08838198 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

C & W Motors Ltd (Registered number: 08838198)

Balance Sheet
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 321,061 292,947

CURRENT ASSETS
Stocks 5 3,500 3,822
Debtors 6 95,699 111,705
Cash at bank 784,536 655,732
883,735 771,259
CREDITORS
Amounts falling due within one year 7 374,023 373,880
NET CURRENT ASSETS 509,712 397,379
TOTAL ASSETS LESS CURRENT
LIABILITIES

830,773

690,326

PROVISIONS FOR LIABILITIES 8 12,913 3,205
NET ASSETS 817,860 687,121

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 817,760 687,021
SHAREHOLDERS' FUNDS 817,860 687,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

C & W Motors Ltd (Registered number: 08838198)

Balance Sheet - continued
29th February 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 and authorised for issue by the Board of Directors and authorised for issue on 11th November 2024 and were signed on its behalf by:





Mrs E Cole - Director


C & W Motors Ltd (Registered number: 08838198)

Notes to the Financial Statements
For The Year Ended 29th February 2024

1. STATUTORY INFORMATION

C & W Motors Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

C & W Motors Ltd (Registered number: 08838198)

Notes to the Financial Statements - continued
For The Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st March 2023 310,890 25,604 10,100 3,070 349,664
Additions - 39,995 - - 39,995
At 29th February 2024 310,890 65,599 10,100 3,070 389,659
DEPRECIATION
At 1st March 2023 37,307 10,377 7,504 1,529 56,717
Charge for year 6,218 4,783 649 231 11,881
At 29th February 2024 43,525 15,160 8,153 1,760 68,598
NET BOOK VALUE
At 29th February 2024 267,365 50,439 1,947 1,310 321,061
At 28th February 2023 273,583 15,227 2,596 1,541 292,947

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 3,500 3,822

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 91,420 108,180
Prepayments 4,279 3,525
95,699 111,705

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 20,544 24,192
Tax 42,075 30,696
Social security and other taxes 570 103
VAT 14,224 7,699
Directors' current accounts 293,420 308,169
Accrued expenses 3,190 3,021
374,023 373,880

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 12,913 3,205

C & W Motors Ltd (Registered number: 08838198)

Notes to the Financial Statements - continued
For The Year Ended 29th February 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st March 2023 3,205
Charge to Income Statement during year 9,708
Balance at 29th February 2024 12,913

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
70 Ordinary £1 70 70
30 "A" Ordinary £1 30 30
100 100

10. RESERVES
Retained
earnings
£   

At 1st March 2023 687,021
Profit for the year 152,739
Dividends (22,000 )
At 29th February 2024 817,760

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,000 were paid to the directors .

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
C & W Motors Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C & W Motors Ltd for the year ended 29th February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of C & W Motors Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C & W Motors Ltd and state those matters that we have agreed to state to the Board of Directors of C & W Motors Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C & W Motors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C & W Motors Ltd. You consider that C & W Motors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C & W Motors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 11th November 2024