REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 MARCH 2022 |
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FOR |
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WITHYBUSH COACHWORKS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 MARCH 2022 |
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FOR |
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WITHYBUSH COACHWORKS LIMITED |
WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 March 2022 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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WITHYBUSH COACHWORKS LIMITED |
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COMPANY INFORMATION |
for the Year Ended 30 March 2022 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
1&2 Merlins Court |
Winch Lane |
Haverfordwest |
Pembrokeshire |
SA61 1SB |
WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834) |
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STATEMENT OF FINANCIAL POSITION |
30 March 2022 |
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2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Inventories |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834) |
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STATEMENT OF FINANCIAL POSITION - continued |
30 March 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 March 2022 |
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1. | STATUTORY INFORMATION |
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Withybush Coachworks Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The directors are not aware of any material uncertainties in making their assessment of going concern. As a result they have adopted the going concern basis of accounting. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Property, plant and equipment |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. |
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Inventories |
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 March 2022 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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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. |
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Income recognition |
The company's turnover represents the sale of goods and services. The company recognises income as soon as customer orders have been completed and a sales invoice issued and sent to the customer. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 -
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4. | PROPERTY, PLANT AND EQUIPMENT |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 31 March 2021 |
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Additions |
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At 30 March 2022 |
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DEPRECIATION |
At 31 March 2021 |
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Charge for year |
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At 30 March 2022 |
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NET BOOK VALUE |
At 30 March 2022 |
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At 30 March 2021 |
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WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 March 2022 |
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4. | PROPERTY, PLANT AND EQUIPMENT - continued |
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Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 31 March 2021 |
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Additions |
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At 30 March 2022 |
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DEPRECIATION |
At 31 March 2021 |
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Charge for year |
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At 30 March 2022 |
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NET BOOK VALUE |
At 30 March 2022 |
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At 30 March 2021 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2022 | 2021 |
£ | £ |
Bank loans |
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WITHYBUSH COACHWORKS LIMITED (REGISTERED NUMBER: 04679834) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 March 2022 |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 March 2022 and 30 March 2021: |
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2022 | 2021 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Interest is charged at commercial rates on the amounts due from the director. |