IRIS Accounts Production v24.3.2.46 07634813 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076348132023-05-31076348132024-05-31076348132023-06-012024-05-31076348132022-05-31076348132022-06-012023-05-31076348132023-05-3107634813ns15:EnglandWales2023-06-012024-05-3107634813ns14:PoundSterling2023-06-012024-05-3107634813ns10:Director12023-06-012024-05-3107634813ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3107634813ns10:SmallEntities2023-06-012024-05-3107634813ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3107634813ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3107634813ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3107634813ns10:FullAccounts2023-06-012024-05-3107634813ns10:OrdinaryShareClass12023-06-012024-05-3107634813ns10:OrdinaryShareClass22023-06-012024-05-3107634813ns10:OrdinaryShareClass32023-06-012024-05-3107634813ns10:RegisteredOffice2023-06-012024-05-3107634813ns5:CurrentFinancialInstruments2023-05-3107634813ns5:CurrentFinancialInstruments2024-05-3107634813ns5:Non-currentFinancialInstruments2023-05-3107634813ns5:Non-currentFinancialInstruments2024-05-3107634813ns5:ShareCapital2023-05-3107634813ns5:ShareCapital2024-05-3107634813ns5:RetainedEarningsAccumulatedLosses2023-05-3107634813ns5:RetainedEarningsAccumulatedLosses2024-05-3107634813ns5:PlantMachinery2023-05-3107634813ns5:PlantMachinery2023-06-012024-05-3107634813ns5:PlantMachinery2024-05-3107634813ns5:PlantMachinery2023-05-3107634813ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3107634813ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-012024-05-3107634813ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-05-3107634813ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3107634813ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3107634813ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3107634813ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-05-3107634813ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-05-3107634813ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-05-3107634813ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-05-3107634813ns5:HirePurchaseContracts2024-05-3107634813ns5:HirePurchaseContracts2023-05-3107634813ns10:OrdinaryShareClass12024-05-3107634813ns10:OrdinaryShareClass22024-05-3107634813ns10:OrdinaryShareClass32024-05-31
REGISTERED NUMBER: 07634813 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 May 2024

for

Witham Motor Company Ltd

Witham Motor Company Ltd (Registered number: 07634813)






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


Witham Motor Company Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: T M Roberts





REGISTERED OFFICE: Swift House, Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU





REGISTERED NUMBER: 07634813 (England and Wales)





ACCOUNTANTS: Affinia
Swift House, Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

Witham Motor Company Ltd (Registered number: 07634813)

Balance Sheet
31 May 2024

31.5.23 31.5.24
£    £    Notes £    £   
FIXED ASSETS
294,063 Tangible assets 4 346,820

CURRENT ASSETS
19,986 Stocks 15,368
87,708 Debtors 5 211,357
35,562 Cash at bank and in hand 62,048
143,256 288,773
CREDITORS
114,879 Amounts falling due within one year 6 238,150
28,377 NET CURRENT ASSETS 50,623
322,440 TOTAL ASSETS LESS CURRENT
LIABILITIES

397,443

CREDITORS
(58,927 ) Amounts falling due after more than one
year

7

(140,121

)

(14,036 ) PROVISIONS FOR LIABILITIES (21,290 )
249,477 NET ASSETS 236,032

CAPITAL AND RESERVES
200 Called up share capital 9 200
249,277 Retained earnings 235,832
249,477 SHAREHOLDERS' FUNDS 236,032

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.

Witham Motor Company Ltd (Registered number: 07634813)

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 director and authorised for issue on 18 February 2025 and were signed by:





T M Roberts - Director


Witham Motor Company Ltd (Registered number: 07634813)

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

1. STATUTORY INFORMATION

Witham Motor Company 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Witham Motor Company Ltd (Registered number: 07634813)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 389,619
Additions 129,050
Disposals (43,550 )
At 31 May 2024 475,119
DEPRECIATION
At 1 June 2023 95,556
Charge for year 53,271
Eliminated on disposal (20,528 )
At 31 May 2024 128,299
NET BOOK VALUE
At 31 May 2024 346,820
At 31 May 2023 294,063

Witham Motor Company Ltd (Registered number: 07634813)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023 36,071
Additions 124,980
At 31 May 2024 161,051
DEPRECIATION
At 1 June 2023 9,018
Charge for year 18,987
At 31 May 2024 28,005
NET BOOK VALUE
At 31 May 2024 133,046
At 31 May 2023 27,053

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 56,188 73,684
Other debtors 155,169 14,024
211,357 87,708

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 4,881 4,846
Hire purchase contracts (see note 8) 31,550 5,250
Trade creditors 36,286 32,487
Taxation and social security 10,590 40,463
Other creditors 154,843 31,833
238,150 114,879

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 23,928 28,764
Hire purchase contracts (see note 8) 116,193 30,163
140,121 58,927

Witham Motor Company Ltd (Registered number: 07634813)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.5.24 31.5.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 8,125

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.5.24 31.5.23
£    £   
Net obligations repayable:
Within one year 31,550 5,250
Between one and five years 116,193 30,163
147,743 35,413

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100
90 Ordinary A £1 90 90
10 Ordinary B £1 10 10
200 200