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REGISTERED NUMBER: 11076168 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

WOOLSTON CAR CENTRE LTD

WOOLSTON CAR CENTRE LTD (REGISTERED NUMBER: 11076168)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOOLSTON CAR CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: N Robertson
A Clarkson





REGISTERED OFFICE: 1st Floor
264 Manchester Road
Warrington
Cheshire
WA1 3RB





REGISTERED NUMBER: 11076168 (England and Wales)





ACCOUNTANTS: WatkinsonBlack
1st Floor
264 Manchester Road
Warrington
Cheshire
WA1 3RB

WOOLSTON CAR CENTRE LTD (REGISTERED NUMBER: 11076168)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,518 30,624

CURRENT ASSETS
Stocks 136,224 125,255
Debtors 5 43,047 54,822
179,271 180,077
CREDITORS
Amounts falling due within one year 6 157,556 186,486
NET CURRENT ASSETS/(LIABILITIES) 21,715 (6,409 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,233

24,215

CREDITORS
Amounts falling due after more than one
year

7

10,000

22,083
NET ASSETS 32,233 2,132

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,133 2,032
32,233 2,132

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 directors acknowledge their 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.

WOOLSTON CAR CENTRE LTD (REGISTERED NUMBER: 11076168)

BALANCE SHEET - continued
31 MAY 2024


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 Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:




A A Clarkson - Director



N Robertson - Director


WOOLSTON CAR CENTRE LTD (REGISTERED NUMBER: 11076168)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Woolston Car Centre 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.

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.

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.

WOOLSTON CAR CENTRE LTD (REGISTERED NUMBER: 11076168)

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 2 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 58,250
DEPRECIATION
At 1 June 2023 27,626
Charge for year 10,106
At 31 May 2024 37,732
NET BOOK VALUE
At 31 May 2024 20,518
At 31 May 2023 30,624

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 35,760 50,760
Amounts owed by group undertakings 7,287 3,562
Other debtors - 500
43,047 54,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 66,095 50,148
Hire purchase contracts 2,401 10,209
Trade creditors 4,526 7,344
Amounts owed to group undertakings 54,694 72,761
Taxation and social security 4,240 17,335
Other creditors 25,600 28,689
157,556 186,486

WOOLSTON CAR CENTRE LTD (REGISTERED NUMBER: 11076168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 10,000 20,000
Hire purchase contracts - 2,083
10,000 22,083