Acorah Software Products - Accounts Production 16.2.850 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 05286816 MR JASEN QUAKE iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05286816 2023-11-30 05286816 2024-11-30 05286816 2023-12-01 2024-11-30 05286816 frs-core:CurrentFinancialInstruments 2024-11-30 05286816 frs-core:Non-currentFinancialInstruments 2024-11-30 05286816 frs-core:ComputerEquipment 2024-11-30 05286816 frs-core:ComputerEquipment 2023-12-01 2024-11-30 05286816 frs-core:ComputerEquipment 2023-11-30 05286816 frs-core:FurnitureFittings 2024-11-30 05286816 frs-core:FurnitureFittings 2023-12-01 2024-11-30 05286816 frs-core:FurnitureFittings 2023-11-30 05286816 frs-core:ShareCapital 2024-11-30 05286816 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 05286816 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05286816 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 05286816 frs-bus:SmallEntities 2023-12-01 2024-11-30 05286816 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 05286816 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 05286816 frs-bus:Director1 2023-12-01 2024-11-30 05286816 frs-countries:EnglandWales 2023-12-01 2024-11-30 05286816 2022-11-30 05286816 2023-11-30 05286816 2022-12-01 2023-11-30 05286816 frs-core:CurrentFinancialInstruments 2023-11-30 05286816 frs-core:Non-currentFinancialInstruments 2023-11-30 05286816 frs-core:ShareCapital 2023-11-30 05286816 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 05286816
Wembley Prestige Cars Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Hardy & Co
Wembley Prestige Cars Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Wembley Prestige Cars Limited
Balance Sheet
As At 30 November 2024
Balance Sheet
Registered number: 05286816

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 594 |  | 792
|  |  | 594 |  | 792
CURRENT ASSETS
Stocks | 5 | 4,465,656 |  | 3,184,323 |
Cash at bank and in hand |  | 93,364 |  | 457,977 |
|  | 4,559,020 |  | 3,642,300 |
Creditors: Amounts Falling Due Within One Year | 6 | (2,053,676 ) |  | (2,046,495 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,505,344 |  | 1,595,805
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,505,938 |  | 1,596,597
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (1,277,127 ) |  | (658,373 )
NET ASSETS |  |  | 1,228,811 |  | 938,224
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Profit and Loss Account |  |  | 1,228,711 |  | 938,124
SHAREHOLDERS' FUNDS |  |  | 1,228,811 |  | 938,224

Page 1
Page 2
Wembley Prestige Cars Limited
Balance Sheet (continued)
As At 30 November 2024
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

MR JASEN QUAKE Director
30/09/2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Wembley Prestige Cars Limited
Notes to the Financial Statements
For The Year Ended 30 November 2024
Notes to the Financial Statements
1. General Information
Wembley Prestige Cars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05286816 . The registered office is Unit B2, Greatham Road Industrial Estate, Bushey, WD23 2NZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% on reduced value
Computer Equipment | 25% on reduced value

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
Page 3
Page 4
Wembley Prestige Cars Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2024
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 December 2023 | 8,199 | 2,473 | 10,672
As at 30 November 2024 | 8,199 | 2,473 | 10,672
Depreciation
As at 1 December 2023 | 7,737 | 2,143 | 9,880
Provided during the period | 116 | 82 | 198
As at 30 November 2024 | 7,853 | 2,225 | 10,078
Net Book Value
As at 30 November 2024 | 346 | 248 | 594
As at 1 December 2023 | 462 | 330 | 792

5. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Stock | 4,465,656 |  | 3,184,323

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Amounts owed to participating interests | 441,515 |  | 651,486
Other creditors | 1,381,099 |  | 1,289,635
Taxation and social security | 231,062 |  | 105,374
| 2,053,676 |  | 2,046,495

7. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,277,127 |  | 658,373

8. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 4