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REGISTERED NUMBER: 04712305 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Whitebridge Cars Ltd

Whitebridge Cars Ltd (Registered number: 04712305)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Whitebridge Cars Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: C J Murphy





REGISTERED OFFICE: Willow House
Church Lane
Hampton Poyle
Kidlington
Oxfordshire
OX5 2QF





REGISTERED NUMBER: 04712305 (England and Wales)





ACCOUNTANTS: Aspen Waite South Ltd
Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF

Whitebridge Cars Ltd (Registered number: 04712305)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,413 36,396

CURRENT ASSETS
Stocks 584,921 661,278
Debtors 5 100,303 35,875
Cash at bank 55,016 119,678
740,240 816,831
CREDITORS
Amounts falling due within one year 6 392,920 503,802
NET CURRENT ASSETS 347,320 313,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,733

349,425

PROVISIONS FOR LIABILITIES 2,428 3,318
NET ASSETS 380,305 346,107

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 380,205 346,007
SHAREHOLDERS' FUNDS 380,305 346,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 19 February 2025 and were signed by:



C J Murphy - Director


Whitebridge Cars Ltd (Registered number: 04712305)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Whitebridge Cars 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.
Short leasehold - Written off over lease period
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

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.

Whitebridge Cars Ltd (Registered number: 04712305)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 27,078 43,998 8,134 65,000 144,210
Additions - 5,468 - - 5,468
At 31 May 2024 27,078 49,466 8,134 65,000 149,678
DEPRECIATION
At 1 June 2023 3,953 43,528 6,902 53,431 107,814
Charge for year 489 1,837 1,232 2,893 6,451
At 31 May 2024 4,442 45,365 8,134 56,324 114,265
NET BOOK VALUE
At 31 May 2024 22,636 4,101 - 8,676 35,413
At 31 May 2023 23,125 470 1,232 11,569 36,396

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 100,303 35,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 27,912 13,094
Taxation and social security 8,090 637
Other creditors 356,918 490,071
392,920 503,802

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
52 A Ordinary Shares £1.00 52 52
24 Ordinary B £1.00 24 24
24 Ordinary C £1.00 24 24
100 100