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
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
GERMAN AUTO SOLUTIONS LTD
Statement of financial position
as at 31 March 2022
Tangible assets
134,687
89,068
Cash at bank and in hand
203,613
98,825
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
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
GERMAN AUTO SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2022
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.
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.
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 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.
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 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.
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
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
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
Accrued income and prepayments
2,360
3,414
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
73,730
16,174
Taxes and social security
18,939
18,206
Loans from directors
21,805
15,704
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).