Company registration number: 08327039
Unaudited financial statements
for the year ended 31 December 2024
for
Whites Motor Repairs Ltd
Pages for filing with the Registrar
Whites Motor Repairs Ltd
Accountants' Report to the Director for the preparation of the unaudited financial
statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Whites Motor Repairs Ltd for the year ended 31 December 2024 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Director of Whites Motor Repairs Ltd, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Whites Motor Repairs Ltd and state those matters that we have agreed to state to them in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whites Motor Repairs Ltd and its Director for our work, or for this report.
It is your duty to ensure that Whites Motor Repairs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Whites Motor Repairs Ltd. You consider that Whites Motor Repairs Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Whites Motor Repairs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
AMR Bookkeeping & Accounts Ltd
4 Spur Road
Cosham
Hampshire
PO6 3EB
United Kingdom
Date: 19 September 2025
1
Company registration number: 08327039
Whites Motor Repairs Ltd
Balance sheet
as at 31 December 2024
31 Dec 24 31 Dec 23
Note £ £ £ £
Fixed assets
Tangible assets 4 77,755 72,923
77,755 72,923
Current assets
Stocks 5,173 5,249
Debtors 46,403 44,950
Cash at bank and in hand 32,819 50,513
84,395 100,712
Creditors: amounts falling due within one
year 		(36,204) (48,696)
Net current assets 48,191 52,016
Total assets less current liabilities 125,946 124,939
NET ASSETS 125,946 124,939
Capital and reserves
Called up share capital 1 1
Profit and loss account 125,945 124,938
TOTAL EQUITY 125,946 124,939
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: 08327039
Whites Motor Repairs Ltd
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr T White, Director
19 September 2025
3
Whites Motor Repairs Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Whites Motor Repairs Ltd is a private company registered in England and Wales. Its registered number is 08327039. The company is limited by shares. Its registered office is 4 Spur Road, Cosham, Portsmouth, Hampshire, PO6 3EB.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures & fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 20% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
4
Whites Motor Repairs Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 1).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 178,648
Additions 24,250
At 31 December 2024 202,898
Depreciation
At 1 January 2024 105,725
Charge for year 19,418
At 31 December 2024 125,143
Net book value
At 31 December 2024 77,755
At 31 December 2023 72,923
5
Whites Motor Repairs Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Tangible fixed assets - continued
If Fixed assets had not been revalued, Fixed assets would have been included at the following historical cost:
31 Dec 24 31 Dec 23
£ £
Cost 202,897 163,502
Accumulated depreciation 105,803 87,513
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 31 December 2024 and 31 December 2023.
31 Dec 24 31 Dec 23
£ £
Balance outstanding at start of year 31,459 60,494
Amounts repaid - (29,035)
Balance outstanding at end of year 31,459 31,459
6