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Company Registration No. 08961688 (England and Wales)
W R Autos Limited Unaudited accounts for the year ended 31 March 2024
W R Autos Limited Unaudited accounts Contents
Page
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W R Autos Limited Company Information for the year ended 31 March 2024
Directors
William Parker William Parker
Company Number
08961688 (England and Wales)
Registered Office
32 BENFIELD WAY Braintree BRAINTREE ESSEX CM7 3YS
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W R Autos Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,117 
22,647 
Current assets
Inventories
3,000 
3,000 
Debtors
9,731 
17,387 
Cash at bank and in hand
7,708 
16,521 
20,439 
36,908 
Creditors: amounts falling due within one year
(30,687)
(22,381)
Net current (liabilities)/assets
(10,248)
14,527 
Total assets less current liabilities
7,869 
37,174 
Creditors: amounts falling due after more than one year
(2,925)
(8,682)
Net assets
4,944 
28,492 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,844 
28,392 
Shareholders' funds
4,944 
28,492 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by
William Parker Director Company Registration No. 08961688
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W R Autos Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
W R Autos Limited is a private company, limited by shares, registered in England and Wales, registration number 08961688. The registered office is 32 BENFIELD WAY, Braintree, BRAINTREE, ESSEX, CM7 3YS.
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.
Turnover
Turnover represents revenue recognised by the company in respect of vehicle repairs services provided in the year
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories
Stocks are valued at lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
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W R Autos Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
21,067 
21,212 
731 
43,010 
At 31 March 2024
21,067 
21,212 
731 
43,010 
Depreciation
At 1 April 2023
12,446 
7,779 
138 
20,363 
Charge for the year
1,724 
2,687 
119 
4,530 
At 31 March 2024
14,170 
10,466 
257 
24,893 
Net book value
At 31 March 2024
6,897 
10,746 
474 
18,117 
At 31 March 2023
8,621 
13,433 
593 
22,647 
5
Inventories
2024 
2023 
£ 
£ 
Raw materials
3,000 
3,000 
3,000 
3,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,643 
16,537 
Accrued income and prepayments
150 
150 
Other debtors
3,938 
700 
9,731 
17,387 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,846 
2,000 
VAT
8,613 
2,971 
Trade creditors
10,657 
10,109 
Loans from directors
8,571 
7,301 
30,687 
22,381 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
8,682 
Taxes and social security
2,925 
- 
2,925 
8,682 
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W R Autos Limited Notes to the Accounts for the year ended 31 March 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Capital commitments
2024 
2023 
£ 
£ 
Amounts contracted but not provided for in the accounts
- 
3,381 
The company has operating lease commitments for equipment secured by a guarantee from the director.
11
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
3,381 
12
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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