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Company Registration No. 12989324 (England and Wales)
Auto Prestige Ltd Unaudited accounts for the year ended 31 March 2023
Auto Prestige Ltd Unaudited accounts Contents
Page
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Auto Prestige Ltd Company Information for the year ended 31 March 2023
Director
DAVID HANSON
Company Number
12989324 (England and Wales)
Registered Office
47 FIELD ROAD WALSALL WS3 3JD ENGLAND
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Auto Prestige Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,120 
- 
Current assets
Cash at bank and in hand
(2,843)
61 
Creditors: amounts falling due within one year
(43)
(11)
Net current (liabilities)/assets
(2,886)
50 
Net assets
234 
50 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
233 
49 
Shareholders' funds
234 
50 
For the year ending 31 March 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 1 November 2023 and were signed on its behalf by
DAVID HANSON Director Company Registration No. 12989324
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Auto Prestige Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Auto Prestige Ltd is a private company, limited by shares, registered in England and Wales, registration number 12989324. The registered office is 47 FIELD ROAD, WALSALL, WS3 3JD, ENGLAND.
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
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Auto Prestige Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
- 
Additions
4,160 
At 31 March 2023
4,160 
Depreciation
Charge for the year
1,040 
At 31 March 2023
1,040 
Net book value
At 31 March 2023
3,120 
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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