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REGISTERED NUMBER: 02725964 (England and Wales)














WHIPPERLEY RING SERVICE STATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






WHIPPERLEY RING SERVICE STATION LIMITED (REGISTERED NUMBER: 02725964)






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


WHIPPERLEY RING SERVICE STATION LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: C C Kent





SECRETARY: S J Kent





REGISTERED OFFICE: Whipperley Ring
Luton
Bedfordshire
LU1 5QY





REGISTERED NUMBER: 02725964 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

WHIPPERLEY RING SERVICE STATION LIMITED (REGISTERED NUMBER: 02725964)

STATEMENT OF FINANCIAL POSITION
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 20,494 7,914

CURRENT ASSETS
Stocks 5,990 32,522
Debtors 6 10,581 15,083
Cash at bank and in hand 492,635 470,722
509,206 518,327
CREDITORS
Amounts falling due within one year 7 96,991 99,309
NET CURRENT ASSETS 412,215 419,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,709

426,932

CAPITAL AND RESERVES
Called up, paid and allotted share capital 2,000 2,000
Retained earnings 430,709 424,932
SHAREHOLDERS' FUNDS 432,709 426,932

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 April 2025 and were signed by:





C C Kent - Director


WHIPPERLEY RING SERVICE STATION LIMITED (REGISTERED NUMBER: 02725964)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Whipperley Ring Service Station 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, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

WHIPPERLEY RING SERVICE STATION LIMITED (REGISTERED NUMBER: 02725964)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 17,605 2,973 15,458 36,036
Additions - 549 20,925 21,474
Disposals - - (15,458 ) (15,458 )
At 31 July 2024 17,605 3,522 20,925 42,052
DEPRECIATION
At 1 August 2023 12,981 1,746 13,395 28,122
Charge for year 1,156 444 5,747 7,347
Eliminated on disposal - - (13,911 ) (13,911 )
At 31 July 2024 14,137 2,190 5,231 21,558
NET BOOK VALUE
At 31 July 2024 3,468 1,332 15,694 20,494
At 31 July 2023 4,624 1,227 2,063 7,914

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,948 13,014
Other debtors 2,633 2,069
10,581 15,083

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,553 11,207
Taxation and social security 43,760 43,218
Other creditors 42,678 44,884
96,991 99,309

8. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, loans in aggregate of £2,358 were repaid by the company. At the year end, the Company owed the director £31,152.