Worsley Motor Services Limited

Worsley Motor Services Limited
Contents Page
For the year ended 31 January 2025

Statement of financial position	1
Notes to the financial statements	2

Worsley Motor Services Limited
Statement of Financial Position
As at 31 January 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	815	1,010
		815	1,010
Current assets
Stocks		3,500	3,150
Debtors		49,352	41,513
Cash at bank and in hand		2,398	921
		55,250	45,584
Creditors: amount falling due within one year		(35,208)	(22,257)
Net current assets		20,042	23,327

Total assets less current liabilities		20,857	24,337
Creditors: amount falling due after more than one year		(20,760)	(24,268)
Net assets		97	69

Capital and reserves
Called up share capital		1	1
Profit and loss account		96	68
Shareholders' funds		97	69

For the year ended 31 January 2025 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 07 October 2025 and were signed by:

-------------------------------
Richard Leighton
Director

1

Worsley Motor Services Limited
Notes to the Abridged Financial Statements
For the year ended 31 January 2025

General Information

Worsley Motor Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10558927, registration address 5 - 6 Garden Lane, Boothstown, Worsley, M28 1XH.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	15% Reducing Balance
Motor Vehicles	25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 3 (2024 : 3).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 February 2024	1,883	1,000	2,883
Additions	-	-	-
Disposals	-	-	-
At 31 January 2025	1,883	1,000	2,883
Depreciation
At 01 February 2024	1,308	565	1,873
Charge for year	86	109	195
On disposals	-	-	-
At 31 January 2025	1,394	674	2,068
Net book values
Closing balance as at 31 January 2025	489	326	815
Opening balance as at 01 February 2024	575	435	1,010

2

Registered Number: 10558927
England and Wales
WORSLEY MOTOR SERVICES LIMITED

Abridged Accounts

Period of accounts Start date: 01 February 2024 End date: 31 January 2025