REGISTERED NUMBER: 09366590 (England and Wales)

AUTO WHEELS CAR SALES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Swann

Mrs H A Swann

SECRETARY:

REGISTERED OFFICE:

7 Windmill Close

Ringwood

Hampshire

BH24 2DL

REGISTERED NUMBER:

09366590 (England and Wales)

ACCOUNTANTS:

Sau Kee Li CTA ATT

87 North Road

Parkstone

Poole

Dorset

BH14 0LT

FIXED ASSETS

Tangible assets

4

87,579

89,839

CURRENT ASSETS

Stocks

41,325

55,790

Debtors

5

26,782

-

Cash at bank

948

5,994

69,055

61,784

CREDITORS

Amounts falling due within one year

6

29,312

103,653

NET CURRENT ASSETS/(LIABILITIES)

39,743

(41,869

)

TOTAL ASSETS LESS CURRENT LIABILITIES

127,322

47,970

CREDITORS

Amounts falling due after more than one year

7

58,350

27,800

NET ASSETS

68,972

20,170

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

68,872

20,070

SHAREHOLDERS' FUNDS

68,972

20,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 28 August 2025 and were signed on its behalf by:

R A Swann - Director

1.	STATUTORY INFORMATION

Auto Wheels Car Sales 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,303

371

94,740

246

96,660

Additions

152

-

-

-

152

At 31 December 2024

1,455

371

94,740

246

96,812

DEPRECIATION

At 1 January 2024

1,455

343

4,800

223

6,821

Charge for year

-

7

2,400

5

2,412

At 31 December 2024

1,455

350

7,200

228

9,233

NET BOOK VALUE

At 31 December 2024

-

21

87,540

18

87,579

At 31 December 2023

(152

)

28

89,940

23

89,839

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

24,085

-

Other debtors

2,697

-

26,782

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

2,017

37,000

Trade creditors

9,975

12,378

Taxation and social security

11,220

17,915

Other creditors

6,100

36,360

29,312

103,653

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

14,299

27,800

Other creditors

44,051

-

58,350

27,800

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

14,299

27,800