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REGISTERED NUMBER: 04745034 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 24 March 2024

for

All White Satellite Cars Limited

All White Satellite Cars Limited (Registered number: 04745034)






Contents of the Financial Statements
for the Period 1 April 2023 to 24 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


All White Satellite Cars Limited

Company Information
for the Period 1 April 2023 to 24 March 2024







DIRECTORS: J A Bradley
Mrs J A Bradley





REGISTERED OFFICE: 6 Childwall Fiveways
Childwall
Liverpool
Merseyside
L15 6YB





REGISTERED NUMBER: 04745034 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

All White Satellite Cars Limited (Registered number: 04745034)

Balance Sheet
24 March 2024

24.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,000 8,000
Tangible assets 5 92,826 150,665
100,826 158,665

CURRENT ASSETS
Debtors 6 8,386 27,952
Cash at bank and in hand 270,838 194,404
279,224 222,356
CREDITORS
Amounts falling due within one year 7 129,473 195,258
NET CURRENT ASSETS 149,751 27,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,577

185,763

PROVISIONS FOR LIABILITIES 21,525 21,525
NET ASSETS 229,052 164,238

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 228,652 163,838
SHAREHOLDERS' FUNDS 229,052 164,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 24 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 24 March 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.

All White Satellite Cars Limited (Registered number: 04745034)

Balance Sheet - continued
24 March 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 22 March 2025 and were signed on its behalf by:





Mrs J A Bradley - Director


All White Satellite Cars Limited (Registered number: 04745034)

Notes to the Financial Statements
for the Period 1 April 2023 to 24 March 2024

1. STATUTORY INFORMATION

All White Satellite Cars Limited 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 and loss.

Taxation
Taxation for the period 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.


All White Satellite Cars Limited (Registered number: 04745034)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 24 March 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 24 March 2024 12,000
AMORTISATION
At 1 April 2023
and 24 March 2024 4,000
NET BOOK VALUE
At 24 March 2024 8,000
At 31 March 2023 8,000

All White Satellite Cars Limited (Registered number: 04745034)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 24 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 697,932
Additions 3,664
Disposals (217,401 )
At 24 March 2024 484,195
DEPRECIATION
At 1 April 2023 547,267
Charge for period 27,222
Eliminated on disposal (183,120 )
At 24 March 2024 391,369
NET BOOK VALUE
At 24 March 2024 92,826
At 31 March 2023 150,665

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.3.24 31.3.23
£    £   
Trade debtors 8,386 13,810
Other debtors - 14,142
8,386 27,952

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.3.24 31.3.23
£    £   
Trade creditors 1,055 10,980
Taxation and social security 117,617 61,430
Other creditors 10,801 122,848
129,473 195,258