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REGISTERED NUMBER: 07777765 (England and Wales)















WOLF GARAGE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






WOLF GARAGE LTD (REGISTERED NUMBER: 07777765)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOLF GARAGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: B Cartwright
Ms A Wade (Cartwright)
A Cartwright





REGISTERED OFFICE: CN House Brooks Drive
Cheadle Royal Business Park
Cheadle
Stockport
SK8 3TD





REGISTERED NUMBER: 07777765 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

WOLF GARAGE LTD (REGISTERED NUMBER: 07777765)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 5,303 7,954
Tangible assets 5 6,551 8,733
11,854 16,687

CURRENT ASSETS
Stocks 6,280 6,145
Debtors 6 2,036 14,735
Cash at bank and in hand 79,070 54,935
87,386 75,815
CREDITORS
Amounts falling due within one year 7 66,785 48,946
NET CURRENT ASSETS 20,601 26,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,455

43,556

CREDITORS
Amounts falling due after more than one
year

8

(3,043

)

(8,496

)

PROVISIONS FOR LIABILITIES (1,637 ) (1,389 )
NET ASSETS 27,775 33,671

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 27,774 33,670
SHAREHOLDERS' FUNDS 27,775 33,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

WOLF GARAGE LTD (REGISTERED NUMBER: 07777765)

BALANCE SHEET - continued
30 SEPTEMBER 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 18 June 2025 and were signed on its behalf by:





B Cartwright - Director


WOLF GARAGE LTD (REGISTERED NUMBER: 07777765)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Wolf Garage Ltd 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 0, is being amortised evenly over its estimated useful life of nil 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.

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.


WOLF GARAGE LTD (REGISTERED NUMBER: 07777765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

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 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 39,767
AMORTISATION
At 1 October 2023 31,813
Charge for year 2,651
At 30 September 2024 34,464
NET BOOK VALUE
At 30 September 2024 5,303
At 30 September 2023 7,954

WOLF GARAGE LTD (REGISTERED NUMBER: 07777765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 13,078 6,318 27,150 46,546
DEPRECIATION
At 1 October 2023 9,331 4,492 23,990 37,813
Charge for year 937 456 789 2,182
At 30 September 2024 10,268 4,948 24,779 39,995
NET BOOK VALUE
At 30 September 2024 2,810 1,370 2,371 6,551
At 30 September 2023 3,747 1,826 3,160 8,733

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,559 4,522
Directors' current accounts - 10,000
Prepayments 477 213
2,036 14,735

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,750 5,750
Trade creditors 15,471 9,152
Tax 25,816 14,332
Social security and other taxes 2,292 1,444
VAT 13,099 10,335
Barclaycard credit card 1,112 2,965
RBS credit card 1,218 11
Accrued expenses 2,027 4,957
66,785 48,946

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,043 8,496

WOLF GARAGE LTD (REGISTERED NUMBER: 07777765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
B Cartwright
Balance outstanding at start of year 10,000 -
Amounts advanced - 25,000
Amounts repaid (10,000 ) (15,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,000