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Company No: 13451685 (England and Wales)

C W MOTORS LTD

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

C W MOTORS LTD

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

C W MOTORS LTD

COMPANY INFORMATION

For the financial year ended 31 October 2024
C W MOTORS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2024
DIRECTORS Darren Collier
William Woods
SECRETARY William Woods
REGISTERED OFFICE Bowforth House
Welburn
Kirbymoorside
YO62 6HJ
United Kingdom
COMPANY NUMBER 13451685 (England and Wales)
ACCOUNTANT Ian Walker & Co.
Wellington House
Aviator Court
Clifton Moor
York
YO30 4UZ
C W MOTORS LTD

BALANCE SHEET

As at 31 October 2024
C W MOTORS LTD

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 62,717 71,677
Tangible assets 4 124,525 119,478
187,242 191,155
Current assets
Stocks 5 29,975 26,455
Debtors 6 21,159 19,273
Cash at bank and in hand 7 152,576 91,495
203,710 137,223
Creditors: amounts falling due within one year 8 ( 272,278) ( 305,099)
Net current liabilities (68,568) (167,876)
Total assets less current liabilities 118,674 23,279
Net assets 118,674 23,279
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 118,574 23,179
Total shareholders' funds 118,674 23,279

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of C W Motors Ltd (registered number: 13451685) were approved and authorised for issue by the Board of Directors on 30 May 2025. They were signed on its behalf by:

Darren Collier
Director
C W MOTORS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
C W MOTORS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C W Motors Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bowforth House, Welburn, Kirbymoorside, YO62 6HJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 10 % reducing balance
Plant and machinery 10 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 6

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 November 2023 89,596 89,596
At 31 October 2024 89,596 89,596
Accumulated amortisation
At 01 November 2023 17,919 17,919
Charge for the financial year 8,960 8,960
At 31 October 2024 26,879 26,879
Net book value
At 31 October 2024 62,717 62,717
At 31 October 2023 71,677 71,677

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 November 2023 30,598 100,282 2,500 7,114 3,694 144,188
Additions 0 18,110 0 357 316 18,783
At 31 October 2024 30,598 118,392 2,500 7,471 4,010 162,971
Accumulated depreciation
At 01 November 2023 2,768 16,489 898 2,659 1,896 24,710
Charge for the financial year 2,783 8,741 401 1,203 608 13,736
At 31 October 2024 5,551 25,230 1,299 3,862 2,504 38,446
Net book value
At 31 October 2024 25,047 93,162 1,201 3,609 1,506 124,525
At 31 October 2023 27,830 83,793 1,602 4,455 1,798 119,478

5. Stocks

2024 2023
£ £
Stocks 29,975 26,455

6. Debtors

2024 2023
£ £
Trade debtors 14,883 13,010
Other debtors 6,276 6,263
21,159 19,273

7. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 152,576 91,495

8. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 56,112 53,958
Taxation and social security 19,437 4,356
Other creditors 196,729 246,785
272,278 305,099

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
65 Ordinary A shares of £ 1.00 each 65 65
35 Ordinary B shares of £ 1.00 each 35 35
100 100