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Company Registration No. 08831254 (England and Wales)
Autovu Solutions Ltd Unaudited accounts for the year ended 31 January 2023
Autovu Solutions Ltd Unaudited accounts Contents
Page
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Autovu Solutions Ltd Company Information for the year ended 31 January 2023
Director
J A Simmonds
Company Number
08831254 (England and Wales)
Registered Office
123 Cross Lane East Gravesend Kent DA12 5HA
Accountants
Clayton Stirling 123 Cross Lane East Gravesend Kent DA12 5HA
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Autovu Solutions Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,175 
27,782 
Current assets
Debtors
16,420 
38,745 
Cash at bank and in hand
3,415 
1,827 
19,835 
40,572 
Creditors: amounts falling due within one year
(36,384)
(33,815)
Net current (liabilities)/assets
(16,549)
6,757 
Total assets less current liabilities
25,626 
34,539 
Creditors: amounts falling due after more than one year
(23,337)
(33,313)
Net assets
2,289 
1,226 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,189 
1,126 
Shareholders' funds
2,289 
1,226 
For the year ending 31 January 2023 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 director acknowledges his 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 and authorised for issue on 16 October 2023 and were signed on its behalf by
J A Simmonds Director Company Registration No. 08831254
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Autovu Solutions Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Autovu Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08831254. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
2% straight line
Plant & machinery
20% reducing balance basis
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
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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Autovu Solutions Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
26,013 
3,469 
- 
6,704 
36,186 
Additions
- 
14,636 
1,913 
- 
16,549 
At 31 January 2023
26,013 
18,105 
1,913 
6,704 
52,735 
Depreciation
At 1 February 2022
519 
3,469 
- 
4,416 
8,404 
Charge for the year
519 
25 
303 
1,309 
2,156 
At 31 January 2023
1,038 
3,494 
303 
5,725 
10,560 
Net book value
At 31 January 2023
24,975 
14,611 
1,610 
979 
42,175 
At 31 January 2022
25,494 
- 
- 
2,288 
27,782 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
144 
Other debtors
16,420 
38,601 
16,420 
38,745 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,996 
10,020 
VAT
2,252 
768 
Trade creditors
2,435 
207 
Amounts owed to group undertakings and other participating interests
3,590 
11,590 
Taxes and social security
3,322 
11,030 
Other creditors
14,579 
- 
Accruals
210 
200 
36,384 
33,815 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,337 
33,313 
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Autovu Solutions Ltd Notes to the Accounts for the year ended 31 January 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
J A Simmonds
Director's Loans
38,602 
38,680 
60,862 
16,420 
38,602 
38,680 
60,862 
16,420 
9
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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