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REGISTERED NUMBER: 08456613 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Auto Finesse Limited

Auto Finesse Limited (Registered number: 08456613)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Auto Finesse Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J I Batty
Mrs S Batty
I E Batty





REGISTERED OFFICE: 20 Burnt Mill Elizabeth Way
Harlow
Essex
CM20 2HS





REGISTERED NUMBER: 08456613 (England and Wales)





ACCOUNTANTS: Shield Accountancy Services Ltd
1st Floor Princess Mary House
4 Bluecoats Avenue
Hertford
Hertfordshire
SG14 1PB

Auto Finesse Limited (Registered number: 08456613)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 580,466 726,969

CURRENT ASSETS
Stocks 121,431 123,931
Debtors 5 436,012 627,606
Cash at bank 582,738 820,192
1,140,181 1,571,729
CREDITORS
Amounts falling due within one year 6 24,248 437,647
NET CURRENT ASSETS 1,115,933 1,134,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,696,399

1,861,051

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,695,399 1,860,051
1,696,399 1,861,051

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

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

Auto Finesse Limited (Registered number: 08456613)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





J I Batty - Director


Auto Finesse Limited (Registered number: 08456613)

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

1. STATUTORY INFORMATION

Auto Finesse 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - Motor Vehicle - 25% on cost

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.

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

Auto Finesse Limited (Registered number: 08456613)

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

2. ACCOUNTING POLICIES - continued

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 28 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 793,429 541,163 1,334,592
Additions 44,774 14,190 58,964
At 31 March 2023 838,203 555,353 1,393,556
DEPRECIATION
At 1 April 2022 341,913 265,710 607,623
Charge for year 125,963 79,504 205,467
At 31 March 2023 467,876 345,214 813,090
NET BOOK VALUE
At 31 March 2023 370,327 210,139 580,466
At 31 March 2022 451,516 275,453 726,969

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 343,784 542,158
Other debtors 42,228 30,448
386,012 572,606

Amounts falling due after more than one year:
Other debtors 50,000 55,000

Aggregate amounts 436,012 627,606

Auto Finesse Limited (Registered number: 08456613)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors (81,895 ) 309,070
Taxation and social security 98,412 117,088
Other creditors 7,731 11,489
24,248 437,647