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
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
W R Autos Limited
Statement of financial position
as at 31 March 2024
Tangible assets
18,117
22,647
Cash at bank and in hand
7,708
16,521
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)
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
W R Autos Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents revenue recognised by the company in respect of vehicle repairs services provided in the year
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
Stocks are valued at lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
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
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
At 31 March 2024
6,897
10,746
474
18,117
At 31 March 2023
8,621
13,433
593
22,647
Amounts falling due within one year
Trade debtors
5,643
16,537
Accrued income and prepayments
150
150
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,846
2,000
Trade creditors
10,657
10,109
Loans from directors
8,571
7,301
8
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
2,925
-
W R Autos Limited
Notes to the Accounts
for the year ended 31 March 2024
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).