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REGISTERED NUMBER: 02027725 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

AUSTIN HEALEY ASSOCIATES LIMITED

AUSTIN HEALEY ASSOCIATES LIMITED (REGISTERED NUMBER: 02027725)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AUSTIN HEALEY ASSOCIATES LIMITED

COMPANY INFORMATION
For The Year Ended 31st May 2023







DIRECTOR: J R Aubanel





SECRETARY: M J Scopes





REGISTERED OFFICE: 76 Aldwick Road
Bognor Regis
West Sussex
PO21 2PE





REGISTERED NUMBER: 02027725 (England and Wales)





ACCOUNTANTS: Bromley Clackett Limited
76 Aldwick Road
Bognor Regis
West Sussex
PO21 2PE

AUSTIN HEALEY ASSOCIATES LIMITED (REGISTERED NUMBER: 02027725)

BALANCE SHEET
31st May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,011 3,011

CURRENT ASSETS
Stocks 20,750 20,750
Cash at bank 1,825 1,825
22,575 22,575
CREDITORS
Amounts falling due within one year 5 132,142 132,142
NET CURRENT LIABILITIES (109,567 ) (109,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(106,556

)

(106,556

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (106,558 ) (106,558 )
SHAREHOLDERS' FUNDS (106,556 ) (106,556 )

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd November 2023 and were signed by:



J R Aubanel - Director


AUSTIN HEALEY ASSOCIATES LIMITED (REGISTERED NUMBER: 02027725)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st May 2023

1. STATUTORY INFORMATION

Austin Healey Associates 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.

Tangible fixed assets
No depreciation is provided on assets whilst the company is dormant.

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

AUSTIN HEALEY ASSOCIATES LIMITED (REGISTERED NUMBER: 02027725)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022
and 31st May 2023 6,920
DEPRECIATION
At 1st June 2022
and 31st May 2023 3,909
NET BOOK VALUE
At 31st May 2023 3,011
At 31st May 2022 3,011

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 3,671 3,671
Other creditors 128,471 128,471
132,142 132,142