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REGISTERED NUMBER: 06042843 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2023

for

A A Silencers Limited

A A Silencers Limited (Registered number: 06042843)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


A A Silencers Limited (Registered number: 06042843)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 571,876 357,642
571,876 357,642

CURRENT ASSETS
Stocks 6 25,500 24,500
Debtors 7 79,515 129,966
Cash at bank and in hand 68,571 382,821
173,586 537,287
CREDITORS
Amounts falling due within one year 8 354,108 295,044
NET CURRENT (LIABILITIES)/ASSETS (180,522 ) 242,243
TOTAL ASSETS LESS CURRENT LIABILITIES 391,354 599,885

CREDITORS
Amounts falling due after more than one year 9 (78,667 ) (346,053 )

PROVISIONS FOR LIABILITIES (58,598 ) (35,868 )
NET ASSETS 254,089 217,964

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 253,789 217,664
SHAREHOLDERS' FUNDS 254,089 217,964

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

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

A A Silencers Limited (Registered number: 06042843)

Balance Sheet - continued
31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:




Mr S L Grocott - Director



Mr J T A Z Grocott - Director


A A Silencers Limited (Registered number: 06042843)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

A A Silencers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06042843

Registered office: Grosvenor Garage
Tean Road
Cheadle
Stoke-on-Trent
Staffordshire
ST10 1LQ

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied.

Goodwill
Goodwill has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Freehold property - NIL % per annum
Improvements to property - 15% on reducing balance
Tools and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.


A A Silencers Limited (Registered number: 06042843)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2022 - 15 ) .

A A Silencers Limited (Registered number: 06042843)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 36,000
AMORTISATION
At 1 February 2022
and 31 January 2023 36,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Tools and
property property equipment
£    £    £   
COST
At 1 February 2022 124,208 143,465 229,374
Additions 123,404 53,882 92,641
Disposals - - (3,833 )
At 31 January 2023 247,612 197,347 318,182
DEPRECIATION
At 1 February 2022 - 103,926 128,792
Charge for year - 14,013 28,495
Eliminated on disposal - - (575 )
At 31 January 2023 - 117,939 156,712
NET BOOK VALUE
At 31 January 2023 247,612 79,408 161,470
At 31 January 2022 124,208 39,539 100,582

A A Silencers Limited (Registered number: 06042843)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 37,337 132,002 24,192 690,578
Additions 461 15,242 1,267 286,897
Disposals - - - (3,833 )
At 31 January 2023 37,798 147,244 25,459 973,642
DEPRECIATION
At 1 February 2022 24,772 57,840 17,606 332,936
Charge for year 1,954 22,351 2,592 69,405
Eliminated on disposal - - - (575 )
At 31 January 2023 26,726 80,191 20,198 401,766
NET BOOK VALUE
At 31 January 2023 11,072 67,053 5,261 571,876
At 31 January 2022 12,565 74,162 6,586 357,642

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2022
and 31 January 2023 15,163
DEPRECIATION
At 1 February 2022 6,634
Charge for year 2,132
At 31 January 2023 8,766
NET BOOK VALUE
At 31 January 2023 6,397
At 31 January 2022 8,529

6. STOCKS
2023 2022
£    £   
Stocks 25,500 24,500

A A Silencers Limited (Registered number: 06042843)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,890 -
Other debtors 61,625 129,966
79,515 129,966

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 31,046 30,079
Hire purchase contracts 3,741 3,741
Trade creditors 228,198 117,921
Taxation and social security 86,106 136,619
Other creditors 5,017 6,684
354,108 295,044

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 64,939 96,108
Hire purchase contracts 2,806 6,547
Other creditors 10,922 243,398
78,667 346,053

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 95,985 126,187
Hire purchase contracts 6,547 10,288
102,532 136,475

Hire purchase liabilities are secured on the assets to which they relate.

There is a standard fixed and floating charge to secure bank loans on the assets and undertaking of the company.

A A Silencers Limited (Registered number: 06042843)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mr J T A Z Grocott
Balance outstanding at start of year 83,462 (2,500 )
Amounts advanced 221,372 225,138
Amounts repaid (304,879 ) (139,176 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (45 ) 83,462