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REGISTERED NUMBER: 01161112 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Woodleigh Motor Sales Limited

Woodleigh Motor Sales Limited (Registered number: 01161112)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Woodleigh Motor Sales Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J M J Elliott
J M Elliott
A Elliott
J Elliott





SECRETARY: A Elliott





REGISTERED OFFICE: 300 North Wingfield Rd
Grassmoor
Chesterfield
Derbyshire
S42 5EP





REGISTERED NUMBER: 01161112 (England and Wales)





ACCOUNTANTS: Allround Accountancy Services Limited
Penmore House
Hasland Road
Hasland
Chesterfield
Derbyshire
S41 0SJ

Woodleigh Motor Sales Limited (Registered number: 01161112)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,515,490 2,444,413
2,515,490 2,444,413

CURRENT ASSETS
Stocks 262,228 327,237
Debtors 6 50,643 10,352
Cash at bank and in hand 118,909 55,775
431,780 393,364
CREDITORS
Amounts falling due within one year 7 104,080 54,147
NET CURRENT ASSETS 327,700 339,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,843,190

2,783,630

CREDITORS
Amounts falling due after more than one
year

8

(294,614

)

(263,011

)

PROVISIONS FOR LIABILITIES (47,027 ) -
NET ASSETS 2,501,549 2,520,619

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 9 823,996 823,996
Retained earnings 1,667,553 1,686,623
2,501,549 2,520,619

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 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.

Woodleigh Motor Sales Limited (Registered number: 01161112)

Balance Sheet - continued
31 July 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 2 April 2025 and were signed on its behalf by:




J M Elliott - Director



J M J Elliott - Director


Woodleigh Motor Sales Limited (Registered number: 01161112)

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

1. STATUTORY INFORMATION

Woodleigh Motor Sales 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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 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.

Woodleigh Motor Sales Limited (Registered number: 01161112)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 12,000
AMORTISATION
At 1 August 2023
and 31 July 2024 12,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 2,327,384 261,104 2,588,488
Additions - 127,780 127,780
At 31 July 2024 2,327,384 388,884 2,716,268
DEPRECIATION
At 1 August 2023 - 144,075 144,075
Charge for year - 56,703 56,703
At 31 July 2024 - 200,778 200,778
NET BOOK VALUE
At 31 July 2024 2,327,384 188,106 2,515,490
At 31 July 2023 2,327,384 117,029 2,444,413

Woodleigh Motor Sales Limited (Registered number: 01161112)

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

5. 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 August 2023 87,820
Additions 123,442
At 31 July 2024 211,262
DEPRECIATION
At 1 August 2023 31,835
Charge for year 40,618
At 31 July 2024 72,453
NET BOOK VALUE
At 31 July 2024 138,809
At 31 July 2023 55,985

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,399 -
Other debtors 22,244 10,352
50,643 10,352

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,098 9,828
Hire purchase contracts 52,946 16,964
Trade creditors 23,601 13,649
Taxation and social security 12,623 11,630
Other creditors 4,812 2,076
104,080 54,147

Woodleigh Motor Sales Limited (Registered number: 01161112)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,910 19,177
Hire purchase contracts 85,704 43,834
Other creditors 200,000 200,000
294,614 263,011

9. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 823,996

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount due to the directors from the company at the balance sheet date was £201,765 (2023: £201,765).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is its board of directors.