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Registered number: 7972301

Autotronix Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Autotronix Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
C Bussey
REGISTERED OFFICE
School Road
Laughton en le morthen
Sheffield
SOUTH YORKSHIRE
S25 1YP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 7972301
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Autotronix Developments Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Autotronix Developments Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets36,7557,882
CURRENT ASSETS
Stock600850
Debtors51,6395,010
Cash at bank and in hand18,55615,288
20,79521,148
CREDITORS: Amounts falling due within one year621,86025,880
NET CURRENT LIABILITIES(1,065)(4,732)
TOTAL ASSETS LESS CURRENT LIABILITIES5,6903,150
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account5,6893,149
SHAREHOLDERS' FUNDS5,6903,150
For the year ending 31/03/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/10/2023 and signed on their behalf by
.............................
C Bussey
Director

Autotronix Developments Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 10%
Fixtures and Fittingsreducing balance 20%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Autotronix Developments Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/202220,00020,000
At 31/03/202320,00020,000
Depreciation
At 01/04/202220,00020,000
At 31/03/202320,00020,000
Net Book Amounts
At 31/03/2023--
Goodwill being the amount paid in connection with the acquisition of a business in 2012 is being amortised evenly over its estimated useful life of ten years.
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsMotor CarsTotal
££££
Cost
At 01/04/202218,3392,97016,81538,124
At 31/03/202318,3392,97016,81538,124
Depreciation
At 01/04/202212,8682,51214,86230,242
For the year547924881,127
At 31/03/202313,4152,60415,35031,369
Net Book Amounts
At 31/03/20234,9243661,4656,755
At 31/03/20225,4714581,9537,882
4. STOCK 20232022
££
Stock comprises:
Stock600850
600850

Autotronix Developments Limited

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors116407
PAYE control-439
Prepayments1,5234,164
1,6395,010
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT2,1491,587
PAYE control318-
Directors current account13,51114,342
Bank loans and overdrafts2,426498
Trade creditors3,4569,453
21,86025,880
7. EMPLOYEES
20232022
No.No.
Average number of employees22
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11