7259762falsethat of sale of used vehicles, all of which were carried out within the United Kingdom 2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:Director12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FRS1022023-06-012024-05-31http://www.companieshouse.gov.uk/2024-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-06-012024-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 7259762

WESTON UNDER LIZARD MOTOR COMPANY LTD

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

WESTON UNDER LIZARD MOTOR COMPANY LTD

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
ANDREW TERRY SMITH
REGISTERED OFFICE
1 IVETSEY BANK
(A5 WATLING STREET) BREWOOD
STAFFORD
STAFFORDSHIRE
ST19 9QT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 7259762
BANKERS
BARCLAYS BANK plc
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

WESTON UNDER LIZARD MOTOR COMPANY LTD

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

WESTON UNDER LIZARD MOTOR COMPANY LTD

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets215,70816,438
CURRENT ASSETS
Stock311,545403,078
Debtors454,5382,000
Cash at bank and in hand95,9152
461,998405,080
CREDITORS: Amounts falling due within one year5428,177350,900
NET CURRENT ASSETS33,82154,180
TOTAL ASSETS LESS CURRENT LIABILITIES49,52970,618
CREDITORS: Amounts falling due after more than one year647,32567,241
PROVISIONS FOR LIABILITIES AND CHARGES81,9622,962
NET ASSETS242415
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account142315
SHAREHOLDERS' FUNDS242415
For the year ending 31/05/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/02/2025 and signed on their behalf by
.............................
ANDREW TERRY SMITH
Director

WESTON UNDER LIZARD MOTOR COMPANY LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Plant And Machinerystraight line10%
Equipmentstraight line10%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

WESTON UNDER LIZARD MOTOR COMPANY LTD

1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts, derived from ordinary activities.
2. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
At 01/06/202329,8893,35233,241
Additions2401,3591,599
Disposals(1,400)-(1,400)
At 31/05/202428,7294,71133,440
Depreciation
At 01/06/202315,6111,19216,803
Disposals(1,400)-(1,400)
For the year1,8644652,329
At 31/05/202416,0751,65717,732
Net Book Amounts
At 31/05/202412,6543,05415,708
At 31/05/202314,2782,16016,438
3. STOCK 20242023
££
Stock comprises:
Stock vehicles302,655394,638
Stock raw materials8,8908,440
311,545403,078
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors52,666-
Prepayments1,8722,000
54,5382,000

WESTON UNDER LIZARD MOTOR COMPANY LTD

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax5,4695,979
VAT13,06020,633
PAYE control2,7422,453
Salaries and wages control1,7782,617
Directors current account47,94045,976
Bank loans and overdrafts48,476
Stocking loan - Close Motor Finance Limited60,45698,011
Stocking loan - Next Gear Capital UK Ltd78,39761,050
Trade creditors204,29192,365
Accruals14,04013,340
428,177350,900
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
ESME Bank loan (unsecured) >1yr11,58625,632
Barclays Bank plc bounce back loan (secured) >1yr35,73941,609
47,32567,241
7. EMPLOYEES
20242023
No.No.
Average number of employees55
Key management personnel is restricted to that of the director.
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation1,9622,962
1,9622,962

WESTON UNDER LIZARD MOTOR COMPANY LTD

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. OTHER FINANCIAL COMMITMENTS
At 31/05/2024 the company was committed to making the following payments under non-cancellable operating leases:
20242023
££
Operating Leases which expire:
Within one year5,9356,185
11. CONTROLLING PARTY
The company is wholly owned by the director Mr A T Smith.
12. RELATED PARTY TRANSACTIONS
The director Mr A T Smith received a dividend of £ 20,000 in the year to 31 May 2024 (2023 - £ 24,000).
13. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITIES
The company is principally involved in the purchase and sale of used vehicles. All of its activities are carried out within the United Kingdom.
14. GENERAL INFORMATION
Weston Under Lizard Motor Company Ltd is a private company limited by shares and incorporated in England. Its registered office is 1 Ivetsey Bank, (A5 Watling Street), Brewood, Stafford, Staffordshire, ST19 9QT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.