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Company Registration No. 10053673 (England and Wales)
GERMAN AUTO SOLUTIONS LTD Unaudited accounts for the year ended 31 March 2022
GERMAN AUTO SOLUTIONS LTD Unaudited accounts Contents
Page
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GERMAN AUTO SOLUTIONS LTD Company Information for the year ended 31 March 2022
Directors
Paul Horne Stephen Hart
Company Number
10053673 (England and Wales)
Registered Office
UNIT 3 STATION ROAD UPPINGHAM LEICESTERSHIRE LE15 9TX ENGLAND
Accountants
AJD Accountancy Services Ltd The Bungalow Coppice Lane Queniborough Leicester LE7 3DR
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GERMAN AUTO SOLUTIONS LTD Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
134,687 
89,068 
Current assets
Inventories
8,450 
12,321 
Debtors
3,212 
5,007 
Cash at bank and in hand
203,613 
98,825 
215,275 
116,153 
Creditors: amounts falling due within one year
(124,124)
(65,298)
Net current assets
91,151 
50,855 
Total assets less current liabilities
225,838 
139,923 
Provisions for liabilities
Deferred tax
(24,380)
(14,049)
Net assets
201,458 
125,874 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
201,358 
125,774 
Shareholders' funds
201,458 
125,874 
For the year ending 31 March 2022 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 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 of Directors and authorised for issue on 8 August 2022 and were signed on its behalf by
Stephen Hart Director Company Registration No. 10053673
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GERMAN AUTO SOLUTIONS LTD Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
GERMAN AUTO SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10053673. The registered office is UNIT 3 STATION ROAD, UPPINGHAM, LEICESTERSHIRE, LE15 9TX, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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GERMAN AUTO SOLUTIONS LTD Notes to the Accounts for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2021
152,588 
52,000 
4,845 
3,314 
212,747 
Additions
74,262 
- 
- 
2,414 
76,676 
Disposals
- 
(5,500)
- 
- 
(5,500)
At 31 March 2022
226,850 
46,500 
4,845 
5,728 
283,923 
Depreciation
At 1 April 2021
93,494 
24,977 
2,806 
2,402 
123,679 
Charge for the year
19,807 
5,725 
408 
992 
26,932 
On disposals
- 
(1,375)
- 
- 
(1,375)
At 31 March 2022
113,301 
29,327 
3,214 
3,394 
149,236 
Net book value
At 31 March 2022
113,549 
17,173 
1,631 
2,334 
134,687 
At 31 March 2021
59,094 
27,023 
2,039 
912 
89,068 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
852 
1,593 
Accrued income and prepayments
2,360 
3,414 
3,212 
5,007 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
6,775 
11,874 
Trade creditors
73,730 
16,174 
Taxes and social security
18,939 
18,206 
Other creditors
120 
- 
Loans from directors
21,805 
15,704 
Accruals
2,755 
3,340 
124,124 
65,298 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).
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