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Registered number: 06749306
P.A.Wenlock Volvo Specialist Limited
Unaudited Financial Statements
For The Year Ended 27 October 2025
TaxAssist Accountants
TaxAssist Accountants
1 Sundorne Avenue
Shrewsbury
Shropshire
SY1 4JW
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06749306
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,920 4,400
Tangible Assets 5 - 656
3,920 5,056
CURRENT ASSETS
Debtors 6 22,648 241
Cash at bank and in hand 19,748 72,593
42,396 72,834
Creditors: Amounts Falling Due Within One Year 7 (26,801 ) (39,507 )
NET CURRENT ASSETS (LIABILITIES) 15,595 33,327
TOTAL ASSETS LESS CURRENT LIABILITIES 19,515 38,383
NET ASSETS 19,515 38,383
CAPITAL AND RESERVES
Called up share capital 8 4 4
Income Statement 19,511 38,379
SHAREHOLDERS' FUNDS 19,515 38,383
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For the year ending 27 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Paul Wenlock
Director
11th May 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P.A.Wenlock Volvo Specialist Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06749306 . The registered office is Bloomsbury Garage,, Weston Heath, Shifnal, Shropshire, TF11 8RT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% RBM
Motor Vehicles 25% RBM
Fixtures & Fittings 15% RBM
Computer Equipment 25% RBM
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Intangible Assets
Goodwill
£
Cost
As at 28 October 2024 12,000
As at 27 October 2025 12,000
Amortisation
As at 28 October 2024 7,600
Provided during the period 480
As at 27 October 2025 8,080
Net Book Value
As at 27 October 2025 3,920
As at 28 October 2024 4,400
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 28 October 2024 25,620 7,695 3,387 1,166 37,868
As at 27 October 2025 25,620 7,695 3,387 1,166 37,868
Depreciation
As at 28 October 2024 25,620 7,695 3,387 510 37,212
Provided during the period - - - 656 656
As at 27 October 2025 25,620 7,695 3,387 1,166 37,868
Net Book Value
As at 27 October 2025 - - - - -
As at 28 October 2024 - - - 656 656
6. Debtors
2025 2024
£ £
Due within one year
VAT 241 241
Directors' loan accounts 22,407 -
22,648 241
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts - 1,251
Corporation tax 18,256 18,256
Accruals 8,545 8,545
Directors' loan accounts - 11,455
26,801 39,507
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
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