Company Registration Number
06027434
Walthamcross Autopoint Ltd
Filleted Accounts
30 November 2024
Walthamcross Autopoint Ltd
Registered number: 06027434
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 11,250 15,000
Tangible assets 4 1,346,930 1,351,359
1,358,180 1,366,359
Current assets
Stocks 19,156 20,741
Debtors 5 606,726 4,044
Cash at bank and in hand 453,068 1,175,972
1,078,950 1,200,757
Creditors: amounts falling due within one year 6 (463,856) (881,165)
Net current assets 615,094 319,592
Total assets less current liabilities 1,973,274 1,685,951
Creditors: amounts falling due after more than one year 7 (137,781) (158,745)
Net assets 1,835,493 1,527,206
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,835,491 1,527,204
Shareholders' funds 1,835,493 1,527,206
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T Arulselvam
Director
Approved by the board on 11 July 2025
Walthamcross Autopoint Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Freehold buildings Nil
Plant and machinery 25% per annum reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 75,000
At 30 November 2024 75,000
Amortisation
At 1 December 2023 60,000
Provided during the year 3,750
At 30 November 2024 63,750
Net book value
At 30 November 2024 11,250
At 30 November 2023 15,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 1,333,641 230,697 2,800 1,567,138
At 30 November 2024 1,333,641 230,697 2,800 1,567,138
Depreciation
At 1 December 2023 - 212,979 2,800 215,779
Charge for the year - 4,429 - 4,429
At 30 November 2024 - 217,408 2,800 220,208
Net book value
At 30 November 2024 1,333,641 13,289 - 1,346,930
At 30 November 2023 1,333,641 17,718 - 1,351,359
5 Debtors 2024 2023
£ £
Trade debtors 6,726 4,044
Other debtors 600,000 -
606,726 4,044
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,325 -
Trade creditors 244,686 302,254
Taxation and social security costs 102,088 476,987
Other creditors 107,757 101,924
463,856 881,165
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 137,781 158,745
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 137,781 158,745
Secured bank loans 137,781 158,745
The Bank loan is secured on the property.
9 Other information
Walthamcross Autopoint Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Balham High Road
London
SW12 9AL
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