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Company Registration No. 13866795 (England and Wales)
Webuylovelycars.com Ltd Unaudited accounts for the year ended 31 January 2025
Webuylovelycars.com Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Webuylovelycars.com Ltd Company Information for the year ended 31 January 2025
Director
Timothy Maguire
Company Number
13866795 (England and Wales)
Registered Office
C/O MASTER ACCOUNTING LIMITED THE STABLE ASHLEY MARKET HARBOROUGH LE16 8HF ENGLAND
Accountants
Master Accounting Limited The Stables, Ashley Court 32 Main Street, Ashley Market Harborough Leicestershire LE16 8HF
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Webuylovelycars.com Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
32,997
7,693
Current assets
Inventories
91,959
78,459
Debtors
5
8,159
3,352
Cash at bank and in hand
4,071
18,192
104,189
100,003
Creditors: amounts falling due within one year
6
(172,421)
(123,684)
Net current liabilities
(68,232)
(23,681)
Net liabilities
(35,235)
(15,988)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
(36,235)
(16,988)
Shareholders' funds
(35,235)
(15,988)
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2025 and were signed on its behalf by
Timothy Maguire Director Company Registration No. 13866795
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Webuylovelycars.com Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Webuylovelycars.com Ltd is a private company, limited by shares, registered in England and Wales, registration number 13866795. The registered office is C/O MASTER ACCOUNTING LIMITED THE STABLE, ASHLEY, MARKET HARBOROUGH, LE16 8HF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line
Motor vehicles
25% Straight line
Fixtures & fittings
20% Straight line
Computer equipment
33% Straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2024
4,531
-
-
3,451
7,982
Additions
528
24,418
2,057
1,525
28,528
At 31 January 2025
5,059
24,418
2,057
4,976
36,510
Depreciation
At 1 February 2024
76
-
-
213
289
Charge for the year
948
509
178
1,589
3,224
At 31 January 2025
1,024
509
178
1,802
3,513
Net book value
At 31 January 2025
4,035
23,909
1,879
3,174
32,997
At 31 January 2024
4,455
-
-
3,238
7,693
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Webuylovelycars.com Ltd Notes to the Accounts for the year ended 31 January 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
8,159
3,352
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
101,716
70,784
Loans from directors
70,305
52,500
Accruals
400
400
172,421
123,684
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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