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REGISTERED NUMBER: 02212993 (England and Wales)















AUTOMOBILE RESTORATION TUNING
SERVICE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022






AUTOMOBILE RESTORATION TUNING
SERVICE LIMITED (REGISTERED NUMBER: 02212993)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

AUTOMOBILE RESTORATION TUNING
SERVICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mr R M Beazer
Mr C Beazer





SECRETARY: Mrs M Beazer





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 02212993 (England and Wales)





ACCOUNTANTS: Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

AUTOMOBILE RESTORATION TUNING
SERVICE LIMITED (REGISTERED NUMBER: 02212993)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 18,156 22,272

CURRENT ASSETS
Inventories 5 9,500 8,500
Debtors 6 42,037 34,534
Cash at bank and in hand 2,703 17,298
54,240 60,332
CREDITORS
Amounts falling due within one year 7 (78,650 ) (57,854 )
NET CURRENT (LIABILITIES)/ASSETS (24,410 ) 2,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,254

)

24,750

CREDITORS
Amounts falling due after more than one
year

8

(24,806

)

(40,000

)

PROVISIONS FOR LIABILITIES (3,450 ) (4,904 )
NET LIABILITIES (34,510 ) (20,154 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (34,513 ) (20,157 )
SHAREHOLDERS' FUNDS (34,510 ) (20,154 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AUTOMOBILE RESTORATION TUNING
SERVICE LIMITED (REGISTERED NUMBER: 02212993)

BALANCE SHEET - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2022 and were signed on its behalf by:





Mr R M Beazer - Director


AUTOMOBILE RESTORATION TUNING
SERVICE LIMITED (REGISTERED NUMBER: 02212993)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Automobile Restoration Tuning Service Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 10% on cost
Computer equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

AUTOMOBILE RESTORATION TUNING
SERVICE LIMITED (REGISTERED NUMBER: 02212993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2021
and 31 March 2022 50,368 2,056 29,039 8,013 89,476
DEPRECIATION
At 1 April 2021 45,539 2,036 11,616 8,013 67,204
Charge for year 1,207 5 2,904 - 4,116
At 31 March 2022 46,746 2,041 14,520 8,013 71,320
NET BOOK VALUE
At 31 March 2022 3,622 15 14,519 - 18,156
At 31 March 2021 4,829 20 17,423 - 22,272

AUTOMOBILE RESTORATION TUNING
SERVICE LIMITED (REGISTERED NUMBER: 02212993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2021
and 31 March 2022 29,039
DEPRECIATION
At 1 April 2021 11,616
Charge for year 2,904
At 31 March 2022 14,520
NET BOOK VALUE
At 31 March 2022 14,519
At 31 March 2021 17,423

5. INVENTORIES
31.3.22 31.3.21
£    £   
Stocks 9,500 8,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 906 -
VAT - 268
Prepayments and accrued income 41,131 34,266
42,037 34,534

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 9,036 1,901
Hire purchase contracts - 3,272
Trade creditors - 199
Amounts owed to group undertakings 10,635 25,018
Taxation and social security 631 2
Other creditors 58,348 27,462
78,650 57,854

AUTOMOBILE RESTORATION TUNING
SERVICE LIMITED (REGISTERED NUMBER: 02212993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 24,806 40,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R M Beazer.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AUTOMOBILE RESTORATION TUNING
SERVICE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Automobile Restoration Tuning Service Limited for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Automobile Restoration Tuning Service Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Automobile Restoration Tuning Service Limited and state those matters that we have agreed to state to the Board of Directors of Automobile Restoration Tuning Service Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Automobile Restoration Tuning Service Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Automobile Restoration Tuning Service Limited. You consider that Automobile Restoration Tuning Service Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Automobile Restoration Tuning Service Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE


7 September 2022