Company Registration No. 04128993 (England and Wales)
WAS Autocentre Limited
Unaudited accounts
for the year ended 30 April 2024
WAS Autocentre Limited
Unaudited accounts
Contents
WAS Autocentre Limited
Company Information
for the year ended 30 April 2024
Director
John Peter Hans Luebke
Secretary
John Peter Hans Luebke
Company Number
04128993 (England and Wales)
Registered Office
W A S Autocentre Ltd
268 Bath Road
Worcester
Worcestershire
WR5 3ES
England
Accountants
Rose Accountancy Ltd
Blooming Roses
High Street
Gloucester
GL17 9ES
WAS Autocentre Limited
Statement of financial position
as at 30 April 2024
Tangible assets
51,789
49,856
Cash at bank and in hand
211,295
83,845
Creditors: amounts falling due within one year
(210,160)
(191,477)
Net current assets
238,510
232,651
Total assets less current liabilities
290,299
282,507
Provisions for liabilities
Deferred tax
(8,907)
(11,657)
Net assets
281,392
270,850
Called up share capital
200
200
Profit and loss account
281,192
270,650
Shareholders' funds
281,392
270,850
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 30 January 2025 and were signed on its behalf by
John Peter Hans Luebke
Director
Company Registration No. 04128993
WAS Autocentre Limited
Notes to the Accounts
for the year ended 30 April 2024
WAS Autocentre Limited is a private company, limited by shares, registered in England and Wales, registration number 04128993. The registered office is W A S Autocentre Ltd, 268 Bath Road, Worcester, Worcestershire, WR5 3ES, England.
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.
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:
Land & buildings
10% on reducing balance
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of fifteen years.
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
WAS Autocentre Limited
Notes to the Accounts
for the year ended 30 April 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 May 2023
41,230
37,577
31,379
54,784
12,116
177,086
Additions
-
12,600
13,715
-
-
26,315
Disposals
-
-
(15,229)
-
-
(15,229)
At 30 April 2024
41,230
50,177
29,865
54,784
12,116
188,172
At 1 May 2023
29,006
28,318
11,203
47,058
11,645
127,230
Charge for the year
1,222
5,302
5,044
1,159
471
13,198
On disposals
-
-
(4,045)
-
-
(4,045)
At 30 April 2024
30,228
33,620
12,202
48,217
12,116
136,383
At 30 April 2024
11,002
16,557
17,663
6,567
-
51,789
At 30 April 2023
12,224
9,259
20,176
7,726
471
49,856
Amounts falling due within one year
Trade debtors
47,730
33,562
Amounts due from group undertakings etc.
178,966
294,104
Accrued income and prepayments
3,079
5,017
WAS Autocentre Limited
Notes to the Accounts
for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
4,747
Trade creditors
151,859
120,297
Taxes and social security
11,217
19,064
Other creditors
9,335
8,787
Loans from directors
2,090
16,166
Secured debts - HSBC Bank PLC registered a fixed and floating charge over all business assets with the registrar on 22 April 2005.
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).