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Registered number: 09711641
German Autocare Wakefield Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Crag & Co
Chartered Accountants & Chartered Tax Advisers
First Floor, Embsay Mill
Embsay
Skipton
North Yorkshire
BD23 6QR
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of German Autocare Wakefield Limited for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of German Autocare Wakefield Limited for the year ended 30 September 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of German Autocare Wakefield Limited , as a body, in accordance with the terms of our engagement letter dated 13 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of German Autocare Wakefield Limited and state those matters that we have agreed to state to the directors of German Autocare Wakefield Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than German Autocare Wakefield Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that German Autocare Wakefield Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of German Autocare Wakefield Limited . You consider that German Autocare Wakefield Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of German Autocare Wakefield Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
17/06/2025
Crag & Co
Chartered Accountants & Chartered Tax Advisers
First Floor, Embsay Mill
Embsay
Skipton
North Yorkshire
BD23 6QR
Page 1
Page 2
Balance Sheet
Registered number: 09711641
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 91,835 99,650
Investment Properties 5 1,451,397 -
1,543,232 99,650
CURRENT ASSETS
Stocks 6 17,000 2,015
Debtors 7 294,586 75,697
Cash at bank and in hand 72,144 283,698
383,730 361,410
Creditors: Amounts Falling Due Within One Year 8 (633,149 ) (176,126 )
NET CURRENT ASSETS (LIABILITIES) (249,419 ) 185,284
TOTAL ASSETS LESS CURRENT LIABILITIES 1,293,813 284,934
Creditors: Amounts Falling Due After More Than One Year 9 (870,000 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,533 ) -
NET ASSETS 419,280 284,934
CAPITAL AND RESERVES
Called up share capital 11 3 3
Capital redemption reserve 1 1
Profit and Loss Account 419,276 284,930
SHAREHOLDERS' FUNDS 419,280 284,934
Page 2
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Rebecca Guthrie
Director
17/06/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
German Autocare Wakefield Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09711641 . The registered office is Unit 10 Thornes Trading Estate, Thornes Lane, Wakefield, WF1 5QN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33.33% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 8)
12 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 80,292 74,531 7,855 7,197 169,875
Additions 1,899 11,238 - 950 14,087
As at 30 September 2024 82,191 85,769 7,855 8,147 183,962
Depreciation
As at 1 October 2023 34,349 24,053 4,626 7,197 70,225
Provided during the period 7,129 14,024 485 264 21,902
As at 30 September 2024 41,478 38,077 5,111 7,461 92,127
Net Book Value
As at 30 September 2024 40,713 47,692 2,744 686 91,835
As at 1 October 2023 45,943 50,478 3,229 - 99,650
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5. Investment Property
2024
£
Fair Value
As at 1 October 2023 -
Additions 1,451,397
As at 30 September 2024 1,451,397
6. Stocks
2024 2023
£ £
Stock 2,000 2,015
Stock of Motor Vehicles 15,000 -
17,000 2,015
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,775 37,201
Other debtors 276,811 38,496
294,586 75,697
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 80,280 99,710
Bank loans and overdrafts 120,000 -
Other creditors 359,910 9,646
Taxation and social security 72,959 66,770
633,149 176,126
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 870,000 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
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12. Related Party Transactions
Mrs R Guthrie and Mr S Guthrie are directors and shareholders and are therefore related parties. 
Mrs R Guthrie and Mr S Guthrie are directors and shareholders of German Autocare Sheffield Ltd, this company is therefore also a related party.
Mrs R Guthrie is a director and shareholder of German Autocare Ltd, this company is therefore also a related party.
Balances between the companies are show in the Balance Sheet.
13. Adoption of FRS 201a
The Company has adopted FRS 201a as its applicable accounting framework, effective from 01.10.2023. As a result, the comparative financial statements for the prior period have been restated to reflect the new accounting policies, including changes to the measurement of deferred tax.
FRS102 1a was adopted due to the three specific thresholds for FRS 105, micro-entities, no longer being met. 
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