IRIS Accounts Production v24.3.2.46 00821510 Board of Directors 1.1.24 31.12.24 31.12.24 0 false true false false false true false Ordinary A 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh008215102023-12-31008215102024-12-31008215102024-01-012024-12-31008215102022-12-31008215102023-01-012023-12-31008215102023-12-3100821510ns15:EnglandWales2024-01-012024-12-3100821510ns14:PoundSterling2024-01-012024-12-3100821510ns10:Director12024-01-012024-12-3100821510ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3100821510ns10:SmallEntities2024-01-012024-12-3100821510ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3100821510ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3100821510ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3100821510ns10:FullAccounts2024-01-012024-12-310082151012024-01-012024-12-3100821510ns10:OrdinaryShareClass12024-01-012024-12-3100821510ns10:OrdinaryShareClass22024-01-012024-12-3100821510ns10:OrdinaryShareClass32024-01-012024-12-3100821510ns10:Director22024-01-012024-12-3100821510ns10:RegisteredOffice2024-01-012024-12-3100821510ns5:CurrentFinancialInstruments2024-12-3100821510ns5:CurrentFinancialInstruments2023-12-3100821510ns5:Non-currentFinancialInstruments2024-12-3100821510ns5:Non-currentFinancialInstruments2023-12-3100821510ns5:ShareCapital2024-12-3100821510ns5:ShareCapital2023-12-3100821510ns5:RetainedEarningsAccumulatedLosses2024-12-3100821510ns5:RetainedEarningsAccumulatedLosses2023-12-3100821510ns5:IntangibleAssetsOtherThanGoodwill2023-12-3100821510ns5:IntangibleAssetsOtherThanGoodwill2024-12-3100821510ns5:IntangibleAssetsOtherThanGoodwill2023-12-3100821510ns5:PlantMachinery2023-12-3100821510ns5:PlantMachinery2024-01-012024-12-3100821510ns5:PlantMachinery2024-12-3100821510ns5:PlantMachinery2023-12-3100821510ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3100821510ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3100821510ns5:Secured2024-12-3100821510ns5:Secured2023-12-3100821510ns10:OrdinaryShareClass12024-12-3100821510ns10:OrdinaryShareClass22024-12-3100821510ns10:OrdinaryShareClass32024-12-31
REGISTERED NUMBER: 00821510 (England and Wales)











Wyndon Motors Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






Wyndon Motors Limited (Registered number: 00821510)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wyndon Motors Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P A French
Mrs R R Moring-Beale





REGISTERED OFFICE: Unit C, Shilton Industrial Estate
Kiln Way
Shilton
Coventry
West Midlands
CV7 9JY





REGISTERED NUMBER: 00821510 (England and Wales)





ACCOUNTANTS: TC Group
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Wyndon Motors Limited (Registered number: 00821510)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,206 2,206
Tangible assets 5 304,532 336,530
306,738 338,736

CURRENT ASSETS
Stocks 83,049 88,335
Debtors 6 264,373 242,147
Cash at bank and in hand 258,870 158,913
606,292 489,395
CREDITORS
Amounts falling due within one year 7 728,537 926,389
NET CURRENT LIABILITIES (122,245 ) (436,994 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,493

(98,258

)

CREDITORS
Amounts falling due after more than one
year

8

(47,517

)

(113,714

)

PROVISIONS FOR LIABILITIES (71,208 ) -
NET ASSETS/(LIABILITIES) 65,768 (211,972 )

CAPITAL AND RESERVES
Called up share capital 10 2,500 2,500
Retained earnings 63,268 (214,472 )
SHAREHOLDERS' FUNDS 65,768 (211,972 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Wyndon Motors Limited (Registered number: 00821510)

Statement of Financial Position - continued
31 December 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 9 April 2025 and were signed on its behalf by:





P A French - Director


Wyndon Motors Limited (Registered number: 00821510)

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


1. STATUTORY INFORMATION

Wyndon Motors 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.

The company is considered to be a going concern based on the continuing support of the directors.

Significant judgements and estimates
The company makes estimates and assumptions concerning the future. Management are also required to
exercise judgment in the process of applying the company's accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

In preparing these financial statements, the directors have made the following judgments:

- A provision is recognised when the company has a present legal or constructive obligation as a result of a
past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow at a rate that reflects the time value of money and the risks specific to the liability.

- Whether a present obligation is probable or not requires judgment. The nature and type of risks for these provisions differ and management's judgment is applied regarding the nature and extent of obligations in deciding if an outflow of resources is probable or not.

- Sales ledger debt provisions. Management review debts on a case by case basis to highlight deviation from terms and therefore possible provision requirement.

- Depreciation and residual values. The Directors have reviewed the asset lives and associated residual values of all fixed asset classes, and in particular, the useful economic life and residual values of fixtures and fittings, and have concluded that asset lives are appropriate. The actual lives of the assets are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Wyndon Motors Limited (Registered number: 00821510)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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.

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.

Tangible fixed assets
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance method.

Depreciation is provided on the following basis:

Short leasehold - 10% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance and 33% on cost

Intangible fixed assets
Intangible fixed assets are not depreciated as the market value of these assets is considered to be in excess of the original cost.

Wyndon Motors Limited (Registered number: 00821510)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 26 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 2,206
NET BOOK VALUE
At 31 December 2024 2,206
At 31 December 2023 2,206

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 596,141
Additions 17,272
Disposals (53,796 )
At 31 December 2024 559,617
DEPRECIATION
At 1 January 2024 259,611
Charge for year 47,791
Eliminated on disposal (52,317 )
At 31 December 2024 255,085
NET BOOK VALUE
At 31 December 2024 304,532
At 31 December 2023 336,530

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 216,374 157,815
Other debtors 47,999 84,332
264,373 242,147

Wyndon Motors Limited (Registered number: 00821510)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,311 35,706
Hire purchase contracts 17,768 42,267
Trade creditors 198,135 209,263
Taxation and social security 211,909 270,609
Other creditors 264,414 368,544
728,537 926,389

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 36,535 72,863
Hire purchase contracts 10,982 40,851
47,517 113,714

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 689

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 72,846 108,569
Hire purchase contracts 28,750 83,118
101,596 191,687

The hire purchase liabilities are secured against the assets to which they relate.

Bank loans are secured by way of a fixed and floating charge over all property and assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
125 Ordinary A £1 125 125
125 Ordinary C £1 125 125
2,250 Ordinary D £1 2,250 2,250
2,500 2,500