NORTH WEST MOTOR AUCTION LTD

Company Registration Number:
13164629 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

NORTH WEST MOTOR AUCTION LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

NORTH WEST MOTOR AUCTION LTD

Company Information

for the Period Ended 31 January 2024




Registered office: Dorset House
West Derby Road
Liverpool
England
L6 4BR
Company Registration Number: 13164629 (England and Wales)

NORTH WEST MOTOR AUCTION LTD

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 11,820 595
Total fixed assets: 11,820 595
Current assets
Stocks: 99,001 0
Debtors: 5 63,556
Cash at bank and in hand: 334 0
Total current assets: 99,335 63,556
Creditors: amounts falling due within one year: 6 ( 126,744 )
Net current assets (liabilities): ( 27,409 ) 63,556
Total assets less current liabilities: ( 15,589 ) 64,151
Creditors: amounts falling due after more than one year: 7 ( 121,320 ) ( 57,062 )
Total net assets (liabilities): ( 136,909 ) 7,089

The notes form part of these financial statements

NORTH WEST MOTOR AUCTION LTD

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 136,910 ) 7,088
Shareholders funds: ( 136,909 ) 7,089

For the year ending 31 January 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 27 September 2024
And Signed On Behalf Of The Board By:

Name: S E Dairo
Status: Director

The notes form part of these financial statements

NORTH WEST MOTOR AUCTION LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained changed from the previous year and also have been consistently applied with in 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.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates to write off the assets over their estimated useful life, as follows:

    Motor vehicles 20% on cost
    Office equipment 20% on cost

NORTH WEST MOTOR AUCTION LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 6 10

NORTH WEST MOTOR AUCTION LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

NORTH WEST MOTOR AUCTION LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Office equipment Motor vehicles Total
Cost £ £ £
At 01 February 2023 595 - 595
Additions - 12,860 12,860
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 January 2024 595 12,860 13,455
Depreciation
At 01 February 2023 - - -
Charge for year 119 1,516 1,635
On disposals - - -
Other adjustments - - -
At 31 January 2024 119 1,516 1,635
Net book value
At 31 January 2024 476 11,344 11,820
At 31 January 2023 595 - 595

NORTH WEST MOTOR AUCTION LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors


2024
£

2023
£
Trade debtors 42,552
Prepayments and accrued income 20,221
Other debtors 783
Total 63,556

NORTH WEST MOTOR AUCTION LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 83,988
Taxation and social security 42,756
Total 126,744

NORTH WEST MOTOR AUCTION LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 121,320 57,062
Total 121,320 57,062