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REGISTERED NUMBER: 11949751 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

WILSONS MOTOR COMPANY LIMITED

WILSONS MOTOR COMPANY LIMITED (REGISTERED NUMBER: 11949751)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILSONS MOTOR COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: C Wilson





REGISTERED OFFICE: Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX





REGISTERED NUMBER: 11949751 (England and Wales)





ACCOUNTANTS: Hunter Healey Limited
Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX

WILSONS MOTOR COMPANY LIMITED (REGISTERED NUMBER: 11949751)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,274 2,223

CURRENT ASSETS
Stocks 221,100 332,348
Debtors 5 42,768 22,991
Cash at bank 38,616 113,736
302,484 469,075
CREDITORS
Amounts falling due within one year 6 157,715 286,898
NET CURRENT ASSETS 144,769 182,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,043

184,400

CREDITORS
Amounts falling due after more than
one year

7

8,247

19,988
NET ASSETS 138,796 164,412

WILSONS MOTOR COMPANY LIMITED (REGISTERED NUMBER: 11949751)

BALANCE SHEET - continued
31ST JULY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100,100 100,100
Retained earnings 38,696 64,312
SHAREHOLDERS' FUNDS 138,796 164,412

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th April 2025 and were signed by:





C Wilson - Director


WILSONS MOTOR COMPANY LIMITED (REGISTERED NUMBER: 11949751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Wilsons Motor Company 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.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

WILSONS MOTOR COMPANY LIMITED (REGISTERED NUMBER: 11949751)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st August 2023 895 5,437 1,240 7,572
Additions - - 879 879
At 31st July 2024 895 5,437 2,119 8,451
DEPRECIATION
At 1st August 2023 470 3,639 1,240 5,349
Charge for year 85 450 293 828
At 31st July 2024 555 4,089 1,533 6,177
NET BOOK VALUE
At 31st July 2024 340 1,348 586 2,274
At 31st July 2023 425 1,798 - 2,223

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 38,382 16,921
Other debtors 4,386 6,070
42,768 22,991

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 25,119 28,122
Taxation and social security 7,146 26,148
Other creditors 125,450 232,628
157,715 286,898

WILSONS MOTOR COMPANY LIMITED (REGISTERED NUMBER: 11949751)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Other creditors 8,247 19,988

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A Shares £1 75 75
100,000 3% Redeemable Preference
Shares £1 100,000 100,000
25 Ordinary B shares £1 25 25
100,100 100,100

The redeemable preference shares carry a coupon rate of 3% and are capable of redemption from 1st August 2025.