pinacle 6.0
2017.03.01
WESSEX AUTO CENTRES GROUP LTD
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2023-08-01
2024-07-31
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WESSEX AUTO CENTRES GROUP LTD
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Company Registration Number - 14257155 |
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ANDREWS & COMPANY |
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Accountants & Tax Consultants |
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W124 |
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1. |
WESSEX AUTO CENTRES GROUP LTD
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COMPANY NUMBER - 14257155
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Balance sheet as at
31 July 2024
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FIXED ASSETS
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Tangible assets |
4 |
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78,383
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31,735
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Current assets
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Stocks |
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16,000
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15,000
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Debtors |
5 |
203,573
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204,568
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Cash at bank and in hand |
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20,497
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5,143
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240,070
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224,711
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Current liabilities
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Creditors - Amounts |
falling due within one year |
6 |
330,382
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265,931
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NET CURRENT LIABILITIES
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(90,312) |
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(41,220) |
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Total assets less current liabilities
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(11,929) |
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(9,485) |
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CAPITAL AND RESERVES
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Called up share capital |
7 |
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106
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106
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Profit and Loss account |
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(12,035) |
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(9,591) |
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Shareholders' funds
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(11,929) |
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(9,485) |
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These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.
For the financial year ended 31 July 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Approved by the board of directors on 29 April 2025
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and signed on their behalf by: |
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CHRISTOPHER BARNES |
NYGEL JEFFERY LOCKE |
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Director |
Director |
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The notes on pages 2 to 4 form an integral part of these accounts.
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2. |
WESSEX AUTO CENTRES GROUP LTD
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Notes to the Financial Statements
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For the year ended 31 July 2024
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1. General Information
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Wessex Auto Centres Group Ltd is a Private Company, limited by shares, domiciled in England and Wales, registration number 14257155.
The company's registered office is 2 Glenville Road, Bournemouth, Dorset, BH10 4EF.
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2. Accounting policies
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Basis of accounting
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The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
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Tangible fixed assets and depreciation
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Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery - 10% straight line
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Office and computer equipment - 25% reducing balance
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3. Employees
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The average number employed by the company (including directors) during the year 2024 was 14
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and in the previous year 2023 was 16.
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3. |
WESSEX AUTO CENTRES GROUP LTD
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Notes to the Financial Statements
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For the year ended 31 July 2024
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4. Fixed assets - tangible
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Plant |
Fixtures |
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and |
and |
Motor |
Computer |
Total |
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machinery |
Fittings |
Vehicles |
equipment |
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--------- |
-------- |
-------- |
--------- |
----- |
Fair value
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£
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£
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£
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£
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£
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At 1 August 2023 |
30,128
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-
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4,167
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1,993
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36,288 |
Additions |
54,922
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382
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985
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353
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56,642 |
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At 31 July 2024 |
85,050 |
382 |
5,152 |
2,346 |
92,930 |
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Depreciation
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At 1 August 2023 |
3,013
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-
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1,042
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498
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4,553 |
Charge for year |
8,505
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-
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1,027
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462
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9,994 |
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At 31 July 2024 |
11,518 |
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2,069 |
960 |
14,547 |
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Net book values
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At 31 July 2024 |
73,532 |
382 |
3,083 |
1,386 |
78,383
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At 1 August 2023 |
27,115 |
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3,125 |
1,495 |
31,735 |
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5. Debtors
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Due within one year: |
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Trade debtors |
202,630
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203,572
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Directors' overdrawn current accounts |
943
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996
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203,573
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204,568
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Included in other debtors are directors' overdrawn current accounts:- |
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Maximum |
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01:08:23 |
31:07:24 |
in year |
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£ |
£ |
£ |
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Mr C Barnes |
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53 |
nil |
53 |
Mr N Locke |
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943 |
943 |
943 |
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4. |
WESSEX AUTO CENTRES GROUP LTD
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Notes to the Financial Statements
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For the year ended 31 July 2024
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Amounts falling due within one year: |
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Trade creditors |
125,755
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118,397
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Other creditors: |
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Other taxation and social security |
63,192
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116,730
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Directors' current accounts |
22,900
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-
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Other |
116,335
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28,804
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Accruals and deferred income |
2,200
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2,000
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330,382 |
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265,931 |
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7. Called up share capital
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There was no change in share capital during the year.
Allotted, called up and fully paid |
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Ordinary shares of £1 each
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106 |
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106 |
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8. Related party transactions
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During the period the company incurred costs totalling £86,460 (2023 £128,386) with Wessex Auto Centres Ltd, a company under the control of the directors. As at the 31 July 2024 Wessex Auto Centres Ltd owed the company a total of £205,739 (2023 £203,572) because of advance payments made by the company in anticipation of further costs to be incurred and assets to be acquired.
Following the year end Wessex Auto Centres Ltd went into liquidation and so it was decided to make a bad debt provision of £20,000 against the amount owed. Therefore the amount of debtors included in the balance sheet and regarded as being owed to the company has been written down to £185,739.