Company Registration No. 04518001 (England and Wales)
Michael Wicks Garage Limited
Unaudited accounts
for the year ended 31 March 2025
Michael Wicks Garage Limited
Unaudited accounts
Contents
Michael Wicks Garage Limited
Company Information
for the year ended 31 March 2025
Directors
Mr M D Wicks
Mrs P J Wicks
Mr J M Wicks
Mr B A Wicks
Company Number
04518001 (England and Wales)
Registered Office
24 Elm High Rd
Wisbech
Cambridgeshire
PE13 2SJ
United Kingdom
Accountants
Bunting & Co
Punches Barn
Waterperry Road
Holton
Oxfordshire
OX33 1PR
Michael Wicks Garage Limited
Statement of financial position
as at 31 March 2025
Tangible assets
557,066
583,004
Inventories
137,912
128,234
Cash at bank and in hand
432,770
533,307
Creditors: amounts falling due within one year
(393,981)
(446,622)
Net current assets
320,415
336,048
Total assets less current liabilities
877,481
919,052
Provisions for liabilities
Deferred tax
(23,136)
(29,828)
Net assets
854,345
889,224
Called up share capital
800
800
Profit and loss account
853,545
888,424
Shareholders' funds
854,345
889,224
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by
Mr M D Wicks
Director
Company Registration No. 04518001
Michael Wicks Garage Limited
Notes to the Accounts
for the year ended 31 March 2025
Michael Wicks Garage Limited is a private company, limited by shares, registered in England and Wales, registration number 04518001. The registered office is 24 Elm High Rd, Wisbech, Cambridgeshire, PE13 2SJ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
25% Written Down Value
Motor vehicles
25% Written Down Value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Michael Wicks Garage Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
461,577
93,216
201,495
756,288
Additions
-
4,799
1,200
5,999
Disposals
-
-
(2,500)
(2,500)
At 31 March 2025
461,577
98,015
200,195
759,787
At 1 April 2024
-
83,896
89,388
173,284
Charge for the year
-
3,530
28,301
31,831
On disposals
-
-
(2,394)
(2,394)
At 31 March 2025
-
87,426
115,295
202,721
At 31 March 2025
461,577
10,589
84,900
557,066
At 31 March 2024
461,577
9,320
112,107
583,004
Amounts falling due within one year
Trade debtors
111,396
85,708
Accrued income and prepayments
10,300
9,695
Other debtors
22,018
25,726
Michael Wicks Garage Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
42,606
43,725
Taxes and social security
91,492
107,694
Other creditors
8,081
11,541
Loans from directors
171,052
209,829
8
Average number of employees
During the year the average number of employees was 21 (2024: 20).