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Company Registration No. 4731290 (England and Wales)
Walmayne Motors Ltd Unaudited accounts for the year ended 30 April 2024
Walmayne Motors Ltd Unaudited accounts Contents
Page
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Walmayne Motors Ltd Company Information for the year ended 30 April 2024
Director
D Menzies
Company Number
4731290 (England and Wales)
Registered Office
37-39 Shakespeare Street Southport PR8 5AB
Accountants
Henshaws Accountants Office 7 37-39 Shakespeare Street Southport PR8 5AB
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Walmayne Motors Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
30,000 
30,000 
Tangible assets
7,516 
5,214 
37,516 
35,214 
Current assets
Inventories
9,756 
4,616 
Debtors
12,413 
26,037 
Cash at bank and in hand
787 
9,385 
22,956 
40,038 
Creditors: amounts falling due within one year
(44,558)
(53,896)
Net current liabilities
(21,602)
(13,858)
Total assets less current liabilities
15,914 
21,356 
Creditors: amounts falling due after more than one year
(15,818)
(20,817)
Net assets
96 
539 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
95 
538 
Shareholders' funds
96 
539 
For the year ending 30 April 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 6 January 2025 and were signed on its behalf by
D Menzies Director Company Registration No. 4731290
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Walmayne Motors Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Walmayne Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 4731290. The registered office is 37-39 Shakespeare Street, Southport, PR8 5AB.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
30,000 
At 30 April 2024
30,000 
Amortisation
At 1 May 2023
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
30,000 
At 30 April 2023
30,000 
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Walmayne Motors Ltd Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
64,754 
Additions
4,181 
At 30 April 2024
68,935 
Depreciation
At 1 May 2023
59,540 
Charge for the year
1,879 
At 30 April 2024
61,419 
Net book value
At 30 April 2024
7,516 
At 30 April 2023
5,214 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,359 
19,741 
Other debtors
5,054 
- 
12,413 
19,741 
Amounts falling due after more than one year
Other debtors
- 
6,296 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
25,545 
12,233 
VAT
2,475 
14,135 
Trade creditors
10,479 
20,677 
Taxes and social security
4,849 
5,862 
Other creditors
219 
- 
Accruals
991 
989 
44,558 
53,896 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,818 
20,817 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Walmayne Motors Ltd Notes to the Accounts for the year ended 30 April 2024
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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