Registered number
06831973
20/20 Automotive Consultancy & Training Limited
Report and Accounts
28 February 2023
20/20 Automotive Consultancy & Training Limited
Registered number: 06831973
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,527 1,418
Current assets
Debtors 4 1,500 4,000
Cash at bank and in hand 11,477 7,653
12,977 11,653
Creditors: amounts falling due within one year 5 (7,239) (9,968)
Net current assets 5,738 1,685
Net assets 7,265 3,103
Capital and reserves
Called up share capital 10 10
Profit and loss account 7,255 3,093
Shareholder's funds 7,265 3,103
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Moore
Director
Approved by the board on 10 November 2023
20/20 Automotive Consultancy & Training Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 2,209
Additions 618
At 28 February 2023 2,827
Depreciation
At 1 March 2022 791
Charge for the year 509
At 28 February 2023 1,300
Net book value
At 28 February 2023 1,527
At 28 February 2022 1,418
4 Debtors 2023 2022
£ £
Trade debtors 1,500 4,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 2,829 3,295
Other creditors 4,410 6,673
7,239 9,968
6 Other information
20/20 Automotive Consultancy & Training Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Kings Brook Close
Rempstone
Loughborough
Leicestershire
LE12 6RR
20/20 Automotive Consultancy & Training Limited 06831973 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts April 2022 A Moore No description of principal activity 06831973 2021-03-01 2022-02-28 06831973 core:WithinOneYear 2022-02-28 06831973 core:ShareCapital 2022-02-28 06831973 core:RetainedEarningsAccumulatedLosses 2022-02-28 06831973 2022-03-01 2023-02-28 06831973 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 06831973 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 06831973 bus:Director40 2022-03-01 2023-02-28 06831973 core:PlantMachinery 2022-03-01 2023-02-28 06831973 countries:England 2022-03-01 2023-02-28 06831973 bus:FRS102 2022-03-01 2023-02-28 06831973 bus:FullAccounts 2022-03-01 2023-02-28 06831973 2023-02-28 06831973 core:WithinOneYear 2023-02-28 06831973 core:ShareCapital 2023-02-28 06831973 core:RetainedEarningsAccumulatedLosses 2023-02-28 06831973 core:PlantMachinery 2023-02-28 06831973 2022-02-28 06831973 core:PlantMachinery 2022-02-28 iso4217:GBP xbrli:pure