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REGISTERED NUMBER: 05579503 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

K. ACHILLEA AUTOBODY & PAINT LIMITED

K. ACHILLEA AUTOBODY & PAINT LIMITED (REGISTERED NUMBER: 05579503)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2023




Page

Company information 1

Statement of financial position 2

Notes to the financial statements 4


K. ACHILLEA AUTOBODY & PAINT LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2023







Director: K Achillea





Registered office: Unit 2
32-34 Station Close
Potters Bar
Hertfordshire
EN6 ITL





Business address: Unit B
1 Park Ridings
Hornsey
London
N8 0LB





Registered number: 05579503 (England and Wales)





Accountants: JOHN ALEXANDER LIMITED
Chartered Certified Accountants &
Statutory Auditor
Unit 2, 32-34 Station Close
Potters Bar
Hertfordshire
EN6 1TL

K. ACHILLEA AUTOBODY & PAINT LIMITED (REGISTERED NUMBER: 05579503)

STATEMENT OF FINANCIAL POSITION
30 September 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 1 1
Tangible assets 5 481 641
482 642

Current assets
Stocks 6 890 727
Cash at bank 51,040 40,239
51,930 40,966
Creditors
Amounts falling due within one year 7 8,485 8,135
Net current assets 43,445 32,831
Total assets less current liabilities 43,927 33,473

Capital and reserves
Called up share capital 100 100
Retained earnings 43,827 33,373
Shareholders' funds 43,927 33,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

K. ACHILLEA AUTOBODY & PAINT LIMITED (REGISTERED NUMBER: 05579503)

STATEMENT OF FINANCIAL POSITION - continued
30 September 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 director and authorised for issue on 6 November 2023 and were signed by:





K Achillea - Director


K. ACHILLEA AUTOBODY & PAINT LIMITED (REGISTERED NUMBER: 05579503)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2023

1. Statutory information

K. Achillea Autobody & Paint 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery - 25% 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.


K. ACHILLEA AUTOBODY & PAINT LIMITED (REGISTERED NUMBER: 05579503)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2023

2. Accounting policies - continued
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.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 October 2022
and 30 September 2023 1
Net book value
At 30 September 2023 1
At 30 September 2022 1

5. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 October 2022
and 30 September 2023 13,592 795 14,387
Depreciation
At 1 October 2022 13,139 607 13,746
Charge for year 113 47 160
At 30 September 2023 13,252 654 13,906
Net book value
At 30 September 2023 340 141 481
At 30 September 2022 453 188 641

K. ACHILLEA AUTOBODY & PAINT LIMITED (REGISTERED NUMBER: 05579503)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2023

6. Stocks
2023 2022
£    £   
Stocks 890 727

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 104 155
Taxation and social security 5,759 5,358
Other creditors 2,622 2,622
8,485 8,135