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REGISTERED NUMBER: 09119721 (England and Wales)















WOODWARDS CAR CARE CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






WOODWARDS CAR CARE CENTRE LIMITED (REGISTERED NUMBER: 09119721)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


WOODWARDS CAR CARE CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: M J Woodward





REGISTERED OFFICE: Bellmont Garage, Lincoln Road
Caythorpe
Grantham
Lincolnshire
NG32 3DD





REGISTERED NUMBER: 09119721 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

WOODWARDS CAR CARE CENTRE LIMITED (REGISTERED NUMBER: 09119721)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 9,000
Property, plant and equipment 5 85,847 49,236
85,847 58,236

CURRENT ASSETS
Inventories 1,000 1,000
Debtors 6 62,010 8,322
Cash at bank 65,362 144,294
128,372 153,616
CREDITORS
Amounts falling due within one year 7 30,963 49,034
NET CURRENT ASSETS 97,409 104,582
TOTAL ASSETS LESS CURRENT LIABILITIES 183,256 162,818

PROVISIONS FOR LIABILITIES 18,667 9,181
NET ASSETS 164,589 153,637

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 164,489 153,537
SHAREHOLDERS' FUNDS 164,589 153,637

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

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

The financial statements were approved by the director and authorised for issue on 9 April 2025 and were signed by:





M J Woodward - Director


WOODWARDS CAR CARE CENTRE LIMITED (REGISTERED NUMBER: 09119721)

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

1. STATUTORY INFORMATION

Woodwards Car Care Centre 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.

Revenue
Revenue represents net invoiced sales of goods and services, excluding value added tax

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 year was 4 (2023 - 4 ) .

WOODWARDS CAR CARE CENTRE LIMITED (REGISTERED NUMBER: 09119721)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 90,000
AMORTISATION
At 1 August 2023 81,000
Charge for year 9,000
At 31 July 2024 90,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 9,000

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2023 113,503
Additions 61,547
Disposals (2,160 )
At 31 July 2024 172,890
DEPRECIATION
At 1 August 2023 64,267
Charge for year 24,424
Eliminated on disposal (1,648 )
At 31 July 2024 87,043
NET BOOK VALUE
At 31 July 2024 85,847
At 31 July 2023 49,236

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,125 8,014
Other debtors 49,885 308
62,010 8,322

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,402 5,876
Taxation and social security 18,043 33,287
Other creditors 4,518 9,871
30,963 49,034

WOODWARDS CAR CARE CENTRE LIMITED (REGISTERED NUMBER: 09119721)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the beginning of the year the director's loan account was in credit by £5,436 (2023: £8,181). During the year the director borrowed £86,348 (2023: £20,112), repaid £31,500 (2023: £17,367), was charged interest of £125 (2023: £nil), leaving an overdrawn balance of £49,537 at the year end (2023: £5,436 in credit).