REGISTERED NUMBER: 07337521 (England and Wales)

Financial Statements

for the Year Ended 31st August 2025

for

ALLWOOD AUTOMOBILE COMPANY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A.J. Woodcock

W D Hall-Woodcock

M Woodcock

O T Woodcock

REGISTERED OFFICE:

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

REGISTERED NUMBER:

07337521 (England and Wales)

ACCOUNTANTS:

Attenboroughs (Accountants) Limited

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

FIXED ASSETS

Tangible assets

4

16,898

19,304

CURRENT ASSETS

Stocks

5

378,059

477,809

Debtors

6

61,993

51,728

Cash at bank

109,503

32,071

549,555

561,608

CREDITORS

Amounts falling due within one year

7

365,768

295,375

NET CURRENT ASSETS

183,787

266,233

TOTAL ASSETS LESS CURRENT LIABILITIES

200,685

285,537

CREDITORS

Amounts falling due after more than one year

8

-

(7,500

)

PROVISIONS FOR LIABILITIES

(4,478

)

(4,826

)

NET ASSETS

196,207

273,211

CAPITAL AND RESERVES

Called up share capital

11

4

4

Retained earnings

196,203

273,207

SHAREHOLDERS' FUNDS

196,207

273,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 27th May 2026 and were signed on its behalf by:

A.J. Woodcock - Director

1.	STATUTORY INFORMATION

ALLWOOD AUTOMOBILE COMPANY LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st September 2024

7,583

23,655

4,436

35,674

Additions

-

1,788

274

2,062

At 31st August 2025

7,583

25,443

4,710

37,736

DEPRECIATION

At 1st September 2024

4,844

7,961

3,565

16,370

Charge for year

685

3,496

287

4,468

At 31st August 2025

5,529

11,457

3,852

20,838

NET BOOK VALUE

At 31st August 2025

2,054

13,986

858

16,898

At 31st August 2024

2,739

15,694

871

19,304

5.

STOCKS

31/8/25

31/8/24

£

£

Stocks

378,059

477,809

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Trade debtors

57,493

47,228

Other debtors

4,500

4,500

61,993

51,728

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Bank loans and overdrafts (see note 9)

7,500

10,000

Trade creditors

78,365

46,665

Tax

28,113

15,052

Social security and other taxes

1,106

1,008

VAT

22,044

26,293

Other creditors

3,243

1,158

Director's current account

221,813

191,788

Accrued expenses

3,584

3,411

365,768

295,375

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/8/25

31/8/24

£

£

Bank loans (see note 9)

-

7,500

9.

LOANS

An analysis of the maturity of loans is given below:

31/8/25

31/8/24

£

£

Amounts falling due within one year or on demand:

Bank loans

7,500

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

7,500

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/8/25

31/8/24

£

£

Bank loans

7,500

17,500

The Bank borrowing is secured by a fixed and floating charge over the whole of the company's assets, supported by a charge over a property owned by the director.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/25

31/8/24

value:

£

£

1

Ordinary

£1

1

1

1

Ordinary 'A'

£1

1

1

1

Ordinary 'B'

£1

1

1

1

Ordinary 'C'

£1

1

1

4

4

12.	RELATED PARTY DISCLOSURES

During the period, rent of £31,200 (2024: £31,200) was paid to Waltham Cross Property Company Ltd, a company part owned by one of the directors.