Company Registration No. 02648986 (England and Wales)
WWAC Automotive Ltd
Unaudited accounts
for the year ended 31 October 2024
WWAC Automotive Ltd
Unaudited accounts
Contents
WWAC Automotive Ltd
Company Information
for the year ended 31 October 2024
Company Number
02648986 (England and Wales)
Registered Office
44-45 TAMWORTH ROAD
CROYDON
CR0 1XU
ENGLAND
WWAC Automotive Ltd
Statement of financial position
as at 31 October 2024
Intangible assets
1,000
1,000
Tangible assets
570,020
515,020
Inventories
475,200
498,935
Cash at bank and in hand
115,730
79,563
Creditors: amounts falling due within one year
(100,625)
(69,478)
Net current assets
773,208
835,832
Total assets less current liabilities
1,344,278
1,351,902
Creditors: amounts falling due after more than one year
(112,501)
(238,300)
Net assets
1,231,777
1,113,602
Called up share capital
1,000
1,000
Profit and loss account
1,230,777
1,112,602
Shareholders' funds
1,231,777
1,113,602
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2025 and were signed on its behalf by
Dipen Pattni
Director
Company Registration No. 02648986
WWAC Automotive Ltd
Notes to the Accounts
for the year ended 31 October 2024
WWAC Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 02648986. The registered office is 44-45 TAMWORTH ROAD, CROYDON, CR0 1XU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:5 years
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Other
WWAC Automotive Ltd
Notes to the Accounts
for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2023
704,260
117,140
821,400
Additions
120,000
-
120,000
At 31 October 2024
824,260
117,140
941,400
At 1 November 2023
279,551
26,829
306,380
Charge for the year
62,323
2,677
65,000
At 31 October 2024
341,874
29,506
371,380
At 31 October 2024
482,386
87,634
570,020
At 31 October 2023
424,709
90,311
515,020
6
Investments
Other investments
Valuation at 1 November 2023
50
Valuation at 31 October 2024
50
Amounts falling due within one year
Trade debtors
282,903
326,812
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
85,317
61,607
Taxes and social security
15,308
7,871
9
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
112,501
238,300
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
WWAC Automotive Ltd
Notes to the Accounts
for the year ended 31 October 2024
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).