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REGISTERED NUMBER: 08703333 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 September 2024

for

Wellington St Car Sales Ltd

Wellington St Car Sales Ltd (Registered number: 08703333)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wellington St Car Sales Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S M Nuttall
J P Wright





REGISTERED OFFICE: 7 Orpington Drive
Bury
Lancashire
BL8 2PJ





REGISTERED NUMBER: 08703333 (England and Wales)





ACCOUNTANTS: Anthony Marshall Ltd
Chartered Accountants
70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ

Wellington St Car Sales Ltd (Registered number: 08703333)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,906 39,596

CURRENT ASSETS
Stocks 5 290,208 170,965
Debtors 6 52,212 46,966
Cash at bank and in hand 185,511 202,473
527,931 420,404
CREDITORS
Amounts falling due within one year 7 114,880 69,675
NET CURRENT ASSETS 413,051 350,729
TOTAL ASSETS LESS CURRENT LIABILITIES 451,957 390,325

PROVISIONS FOR LIABILITIES 976 1,149
NET ASSETS 450,981 389,176

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 450,581 388,776
450,981 389,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Wellington St Car Sales Ltd (Registered number: 08703333)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:





S M Nuttall - Director


Wellington St Car Sales Ltd (Registered number: 08703333)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Wellington St Car Sales 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 15% reducing balance

Land and buildings are not depreciated.

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.

Wellington St Car Sales Ltd (Registered number: 08703333)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and Plant and
buildings machinery Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 35,000 16,382 51,382
DEPRECIATION
At 1 October 2023 - 11,786 11,786
Charge for year - 690 690
At 30 September 2024 - 12,476 12,476
NET BOOK VALUE
At 30 September 2024 35,000 3,906 38,906
At 30 September 2023 35,000 4,596 39,596

5. STOCKS
30.9.24 30.9.23
£    £   
Stocks 290,208 170,965

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 6,151 905
Directors' current accounts 34,763 34,763
Tax 11,298 11,298
52,212 46,966

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 2,731 2,734
Tax 62,024 35,849
VAT 37,234 17,237
Directors' current accounts 9,601 10,855
Accrued expenses 3,290 3,000
114,880 69,675

Wellington St Car Sales Ltd (Registered number: 08703333)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
S M Nuttall
Balance outstanding at start of year 34,763 34,763
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,763 34,763

J P Wright
Balance outstanding at start of year - 10,967
Amounts repaid - (10,967 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

During the year the company made loans to Mr S Nuttall of £34,763 (2023: £34,763).Interest was charged on these loans at normal commercial interest rates.
During the year dividends were paid to Mr S Nuttall of £56,118 (2023:£71,015)
During the year the company made loans to Mr J P Wright of £nil (2023: £10,967). This loan was repaid during the year to 30th September 2023.
Interest was charged on these loans at normal commercial rates.
During the year dividends were paid to Mrs C. A. Wright, the wife of Mr J.P Wright, a director, of £50,719 (2023:£57,215)

9. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Mr S Nuttall and Mr J P Wright, both directors, by virtue of their equal shareholdings in the company.