Company Registration No. 03433258 (England and Wales)
Warmans Motor Company Limited
Unaudited accounts
for the year ended 31 March 2023
Warmans Motor Company Limited
Unaudited accounts
Contents
Warmans Motor Company Limited
Company Information
for the year ended 31 March 2023
Director
Nathan Mark Warman
Company Number
03433258 (England and Wales)
Registered Office
56A HAMM MOOR LANE
ADDLESTONE
KT15 2SF
ENGLAND
Accountants
Golding & Co Accounting Services Limited
29 Blackwood Close
West Byfleet
Surrey
KT14 6PP
Warmans Motor Company Limited
Statement of financial position
as at 31 March 2023
Tangible assets
66,924
38,921
Inventories
716,372
764,900
Cash at bank and in hand
10,853
12
Creditors: amounts falling due within one year
(704,127)
(684,676)
Net current assets
135,772
119,273
Total assets less current liabilities
202,696
158,194
Creditors: amounts falling due after more than one year
(41,173)
(48,849)
Net assets
161,523
109,345
Called up share capital
2
2
Profit and loss account
161,521
109,343
Shareholders' funds
161,523
109,345
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 31 December 2023 and were signed on its behalf by
Nathan Mark Warman
Director
Company Registration No. 03433258
Warmans Motor Company Limited
Notes to the Accounts
for the year ended 31 March 2023
Warmans Motor Company Limited is a private company, limited by shares, registered in England and Wales, registration number 03433258. The registered office is 56A HAMM MOOR LANE, ADDLESTONE, KT15 2SF, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
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.
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.
Warmans Motor Company Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
47,262
1,250
4,052
52,564
Additions
1,083
35,833
1,550
38,466
Disposals
-
(1,250)
-
(1,250)
At 31 March 2023
48,345
35,833
5,602
89,780
At 1 April 2022
9,637
1,250
2,756
13,643
Charge for the year
9,560
-
903
10,463
On disposals
-
(1,250)
-
(1,250)
At 31 March 2023
19,197
-
3,659
22,856
At 31 March 2023
29,148
35,833
1,943
66,924
At 31 March 2022
37,625
-
1,296
38,921
Amounts falling due within one year
Trade debtors
97,012
3,500
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,262
56,426
Obligations under finance leases and hire purchase contracts
9,322
11,328
Trade creditors
169,716
30,279
Taxes and social security
61,243
54,008
Other creditors
211,978
243,506
Loans from directors
156,361
125,237
Deferred income
90,245
163,892
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,366
14,682
8
Average number of employees
During the year the average number of employees was 6 (2022: 0).
