Company registration number 08944190 (England and Wales)
MARK WINSTANLEY CARS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MARK WINSTANLEY CARS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
MARK WINSTANLEY CARS LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,305
1,740
Current assets
Stocks
112,050
180,095
Debtors
5
4,771
16,841
Cash at bank and in hand
211,045
126,956
327,866
323,892
Creditors: amounts falling due within one year
6
(269,719)
(241,333)
Net current assets
58,147
82,559
Total assets less current liabilities
59,452
84,299
Creditors: amounts falling due after more than one year
7
(1,633)
(11,434)
Net assets
57,819
72,865
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
57,719
72,765
Total equity
57,819
72,865

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 3 December 2025
Mr M E Winstanley
Director
Company Registration No. 08944190
MARK WINSTANLEY CARS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Mark Winstanley Cars Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Hill House Farm, 2 Singleton Lane, Weeton, Preston, Lancashire, PR4 3JJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

MARK WINSTANLEY CARS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

MARK WINSTANLEY CARS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

MARK WINSTANLEY CARS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
3,330
Depreciation and impairment
At 1 April 2024
1,590
Depreciation charged in the year
435
At 31 March 2025
2,025
Carrying amount
At 31 March 2025
1,305
At 31 March 2024
1,740
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
13,950
Other debtors
4,771
2,891
4,771
16,841
MARK WINSTANLEY CARS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
206,958
175,061
Taxation and social security
2,629
1,992
Other creditors
60,132
64,280
269,719
241,333
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,633
11,434
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
9
Related party transactions

At the balance sheet date, the amount due to the mother of M E Winstanley was £27,715 (2024: £29,005).

10
Directors' transactions

Dividends totalling £11,500 (2024 - £12,000) were paid in the year in respect of shares held by the company's directors.

At the balance sheet date the director was owed £3,301 (2024: £5,439) by the company.

2025-03-31 2024-04-01 false false false 03 December 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr M E Winstanley 08944190 2024-04-01 2025-03-31 08944190 2025-03-31 08944190 2024-03-31 08944190 core:OtherPropertyPlantEquipment 2025-03-31 08944190 core:OtherPropertyPlantEquipment 2024-03-31 08944190 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 08944190 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08944190 core:CurrentFinancialInstruments 2025-03-31 08944190 core:CurrentFinancialInstruments 2024-03-31 08944190 core:Non-currentFinancialInstruments 2025-03-31 08944190 core:Non-currentFinancialInstruments 2024-03-31 08944190 core:ShareCapital 2025-03-31 08944190 core:ShareCapital 2024-03-31 08944190 core:RetainedEarningsAccumulatedLosses 2025-03-31 08944190 core:RetainedEarningsAccumulatedLosses 2024-03-31 08944190 core:ShareCapitalOrdinaryShareClass1 2025-03-31 08944190 core:ShareCapitalOrdinaryShareClass1 2024-03-31 08944190 bus:Director1 2024-04-01 2025-03-31 08944190 core:FurnitureFittings 2024-04-01 2025-03-31 08944190 2023-04-01 2024-03-31 08944190 core:OtherPropertyPlantEquipment 2024-03-31 08944190 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 08944190 core:WithinOneYear 2025-03-31 08944190 core:WithinOneYear 2024-03-31 08944190 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 08944190 bus:OrdinaryShareClass1 2025-03-31 08944190 bus:OrdinaryShareClass1 2024-03-31 08944190 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08944190 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08944190 bus:FRS102 2024-04-01 2025-03-31 08944190 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08944190 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP