MY FOUR WHEELS LTD - Filleted accounts

Registered number

11031869

MY FOUR WHEELS LTD

Filleted Accounts

31 March 2025

MY FOUR WHEELS LTD
Registered number:		11031869
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		14,000			-
Tangible assets	4		1,151,354			28,731
			1,165,354			28,731

Current assets
Debtors	5	207,966			240,993
Cash at bank and in hand		406,249			902,180
		614,215			1,143,173

Creditors: amounts falling due within one year	6	(467,402)			(559,855)

Net current assets			146,813			583,318

Total assets less current liabilities			1,312,167			612,049

Creditors: amounts falling due after more than one year	7		(938,490)			(21,138)



Net assets			373,677			590,911

Capital and reserves
Called up share capital			300			150
Share Buyback			(280,000)			-
Profit and loss account			653,377			590,761

Shareholders' funds			373,677			590,911

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr Christopher Mark Somers
Director
Approved by the board on 1 October 2025

MY FOUR WHEELS LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles	25% Reducing balance
	Computer Equipments	33.33% Straight Line
	Office equipment	25% Reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			15		18


3	Intangible fixed assets					£
	Goodwill:

	Cost
	Additions					14,000
	At 31 March 2025					14,000

	Amortisation
	At 31 March 2025					-

	Net book value
	At 31 March 2025					14,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	11,410		27,995		39,405
	Additions	3,296		1,156,934		1,160,230
	At 31 March 2025	14,706		1,184,929		1,199,635

	Depreciation
	At 1 April 2024	7,175		3,499		10,674
	Charge for the year	1,790		35,817		37,607
	At 31 March 2025	8,965		39,316		48,281

	Net book value
	At 31 March 2025	5,741		1,145,613		1,151,354
	At 31 March 2024	4,235		24,496		28,731


5	Debtors			2025		2024
£					£

	Trade debtors			133,938		147,152
	Intercompany Loan - M4W DS Ltd			448		448
	Director's Current Account			-		37,747
	Rent deposit			1,085		1,085
	ATB - Intercompany loan			-		54,561
	VAT			72,495		-
				207,966		240,993


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			78,528		83,557
	Pupil and Lesson Money			15,527		43,306
	Net wages			-		18,156
	Pension payable			1,221		994
	ADI Course - Disbursement account			50,000		204,023
	PAYE			4,976		7,862
	VAT			-		28,505
	Accruals			1,500		1,500
	Hire Purchase < 1 Year			273,980		2,704
	Taxation and social security costs			2,920		169,248
	Other creditors			38,750		-
				467,402		559,855


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Hire Purchase > 1 Year			938,490		21,138


8	Share Buy Back
	Company has bought back its own 40 shares for £280,000 during the year.


9	Other information

	MY FOUR WHEELS LTD is a private company limited by shares and incorporated in England. Its registered office is:
	16 Clifton Moor Business Village
	James Nicolson Link,
	York,
	England,
	YO30 4XG