Registration number: 04486214

Will's Auto Repairs Ltd

Contents

Company Information	1
Abridged Balance Sheet	2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Will's Auto Repairs Ltd

Company Information

Director

Mr W Dicken

Company secretary

Mrs C Dicken

Registered office

Anglo House Worcester Road Stourport on Severn DY13 9AW

Accountants

Perrigo Consultants Limited Chartered Certified AccountantsAnglo House Worcester Road Stourport on Severn DY13 9AW

Will's Auto Repairs Ltd

(Registration number: 04486214)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	11,873	14,373
Current assets
Stocks	5	11,200	14,751
Debtors	6	21,163	4,448
Cash at bank and in hand		39,939	53,150
		72,302	72,349
Creditors: Amounts falling due within one year		(35,509)	(40,493)
Net current assets		36,793	31,856
Total assets less current liabilities		48,666	46,229
Provisions for liabilities		(2,462)	(2,981)
Accruals and deferred income		(10,919)	(8,529)
Net assets		35,285	34,719
Capital and reserves
Called up share capital	7	100	100
Retained earnings		35,185	34,619
Shareholders' funds		35,285	34,719

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 September 2025
 

Mr W Dicken Director

Will's Auto Repairs Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

These financial statements were authorised for issue by the director on 11 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Will's Auto Repairs Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Reducing balance
Fixture and fittings	15% Reducing balance
Motor vehicles	25% Reducing balance
Office equipment	15% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Will's Auto Repairs Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 5).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 January 2024	16,526	5,837	31,531	8,198
At 31 December 2024	16,526	5,837	31,531	8,198
Depreciation
At 1 January 2024	15,790	4,809	24,884	5,669
Charge for the year	110	154	997	380
At 31 December 2024	15,900	4,963	25,881	6,049
Carrying amount
At 31 December 2024	626	874	5,650	2,149
At 31 December 2023	736	1,028	6,647	2,529

	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	11,156	73,248
At 31 December 2024	11,156	73,248
Depreciation
At 1 January 2024	7,723	58,875
Charge for the year	859	2,500
At 31 December 2024	8,582	61,375
Carrying amount
At 31 December 2024	2,574	11,873
At 31 December 2023	3,433	14,373

Included within the net book value of land and buildings above is £626 (2023 - £736) in respect of freehold land and buildings.
 

Will's Auto Repairs Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

5

Stocks

	2024 £	2023 £
Other inventories	11,200	14,751

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100