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REGISTERED NUMBER: 07759801 (England and Wales)
















Auto Fix (London) Limited

Unaudited Financial Statements

for the Year Ended 31st August 2023






Auto Fix (London) Limited (Registered number: 07759801)






Contents of the Financial Statements
for the Year Ended 31st August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Auto Fix (London) Limited

Company Information
for the Year Ended 31st August 2023







Directors: Mrs. T A Bolding
Mr. G A Rispoli





Registered office: 50 Minerva Road
London
NW10 6HJ





Registered number: 07759801 (England and Wales)





Accountants: AN Accountancy
Accountants
4th Floor
100 Fenchurch Street
London
United Kingdom
EC3M 5JD

Auto Fix (London) Limited (Registered number: 07759801)

Statement of Financial Position
31st August 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 207,641 193,349

Current assets
Stocks 201,009 153,597
Debtors 5 1,130,773 1,338,211
Cash at bank and in hand 402,286 79,933
1,734,068 1,571,741
Creditors
Amounts falling due within one year 6 1,443,506 1,340,740
Net current assets 290,562 231,001
Total assets less current liabilities 498,203 424,350

Creditors
Amounts falling due after more than one
year

7

(20,752

)

(30,746

)

Provisions for liabilities (38,214 ) (30,947 )
Net assets 439,237 362,657

Capital and reserves
Called up share capital 1,200 1,200
Retained earnings 438,037 361,457
439,237 362,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 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.

Auto Fix (London) Limited (Registered number: 07759801)

Statement of Financial Position - continued
31st August 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th October 2023 and were signed on its behalf by:





Mr. G A Rispoli - Director


Auto Fix (London) Limited (Registered number: 07759801)

Notes to the Financial Statements
for the Year Ended 31st August 2023

1. Statutory information

Auto Fix (London) 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.

It is unclear how the 2020 coronavirus will impact the company and given that the severity cannot be
reliably estimated, the financial statements have been prepared on a going concern basis.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

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.

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.

Auto Fix (London) Limited (Registered number: 07759801)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2023

3. Employees and directors

The average number of employees during the year was 24 (2022 - 23 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1st September 2022 287,786 140,429 32,100 141,115 601,430
Additions 28,727 18,074 - 733 47,534
At 31st August 2023 316,513 158,503 32,100 141,848 648,964
Depreciation
At 1st September 2022 204,073 91,004 13,716 99,288 408,081
Charge for year 14,107 8,241 4,596 6,298 33,242
At 31st August 2023 218,180 99,245 18,312 105,586 441,323
Net book value
At 31st August 2023 98,333 59,258 13,788 36,262 207,641
At 31st August 2022 83,713 49,425 18,384 41,827 193,349

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 1,103,509 1,319,726
Other debtors 27,264 18,485
1,130,773 1,338,211

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 9,994 9,747
Trade creditors 342,690 354,007
Taxation and social security 226,645 175,414
Other creditors 864,177 801,572
1,443,506 1,340,740

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 20,752 30,746