2022-03-01 08505423 2023-02-28 08505423 2022-03-01 2023-02-28 08505423 2022-02-28 08505423 2021-03-01 2022-02-28 08505423 uk-core:WithinOneYear uk-bus:Original 2022-02-28 08505423 uk-core:WithinOneYear uk-bus:Original 2023-02-28 08505423 uk-core:AfterOneYear uk-bus:Original 2022-02-28 08505423 uk-core:AfterOneYear uk-bus:Original 2023-02-28 08505423 uk-core:ShareCapital uk-bus:Original 2023-02-28 08505423 uk-core:ShareCapital uk-bus:Original 2022-02-28 08505423 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-02-28 08505423 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-02-28 08505423 uk-bus:Director1 uk-bus:Original 2022-03-01 2023-02-28 08505423 uk-core:ComputerEquipment uk-bus:Original 2022-03-01 2023-02-28 08505423 uk-core:MotorVehicles uk-bus:Original 2022-03-01 2023-02-28 08505423 uk-core:FurnitureFittings uk-bus:Original 2022-03-01 2023-02-28 08505423 uk-core:ComputerEquipment uk-bus:Original 2022-02-28 08505423 uk-core:FurnitureFittings uk-bus:Original 2022-02-28 08505423 uk-core:MotorVehicles uk-bus:Original 2022-02-28 08505423 uk-core:MotorVehicles uk-bus:Original 2023-02-28 08505423 uk-core:FurnitureFittings uk-bus:Original 2023-02-28 08505423 uk-core:ComputerEquipment uk-bus:Original 2023-02-28 08505423 uk-core:CostValuation uk-bus:Original 2022-02-28 08505423 uk-core:CostValuation uk-bus:Original uk-core:Non-currentFinancialInstruments 2022-02-28 08505423 uk-core:CostValuation uk-bus:Original uk-core:Non-currentFinancialInstruments 2023-02-28 08505423 uk-core:CostValuation uk-bus:Original 2023-02-28 08505423 uk-core:Non-currentFinancialInstruments uk-bus:Original 2023-02-28 08505423 uk-core:Non-currentFinancialInstruments uk-bus:Original 2022-02-28 08505423 uk-core:WithinOneYear uk-bus:Original uk-core:Secured 2023-02-28 08505423 uk-core:WithinOneYear uk-bus:Original uk-core:Secured 2022-02-28 08505423 uk-core:WithinOneYear uk-bus:Original 2023-02-28 08505423 uk-core:WithinOneYear uk-bus:Original 2022-02-28 iso4217:GBP xbrli:pure 08505423 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-03-01 2023-02-28 08505423 uk-bus:FRS102 uk-bus:Original 2022-03-01 2023-02-28 08505423 uk-bus:FilletedAccounts uk-bus:Original 2022-03-01 2023-02-28 08505423 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-03-01 2023-02-28
Auto Assist (NW) Limited
Registered Number:08505423
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
Auto Assist (NW) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08505423
As at 28 February 2023
Auto Assist (NW) Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
456,924
405,839
2
Financial assets
14,405
14,405
3
471,329
420,244
Current assets
Trade and other receivables
64,798
48,082
4
39,155
Cash and cash equivalents
72,298
120,380
103,953
Trade and other payables: amounts falling due within one
year
(316,995)
(407,096)
5
(213,042)
(286,716)
Net current liabilities
Total assets less current liabilities
184,613
207,202
Trade and other payables: amounts falling due after more
than one year
(237,667)
(238,658)
6
58,985
36,583
Provisions for liabilities
4,940
Net assets
6,118
Capital and reserves
Called up share capital
100
100
Retained earnings
4,840
6,018
4,940
6,118
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 5
4
Registered Number :
08505423
For the year ended 28 February 2023
Auto Assist (NW) Limited
Statement of Financial Position Continued
Rizwan Patel Director
These financial statements were approved and authorised for issue by the Board on 26 November 2023 and were signed by:
The notes form part of these financial statements
2 of 5
5
For the year ended 28 February 2023
Auto Assist (NW) Limited
Notes to the Financial Statements
Statutory Information
Auto Assist (NW) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08505423.
Registered address:
Office 1, 3D Centre
Bella Street
Bolton
Lancashire
BL3 4DU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33 Straight line
Computer equipment
20 Straight line
Motor vehicles
10 Straight line
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
3 of 5
6
For the year ended 28 February 2023
Auto Assist (NW) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 March 2022
1,339,320
35,915
63,862
1,239,543
306,764
4,191
7,875
294,698
Additions
-
-
(75,677)
Disposals
(75,677)
At 28 February 2023
1,458,564
71,737
40,106
1,570,407
Provision for depreciation and impairment
At 01 March 2022
933,481
28,264
15,218
889,999
Charge for year
212,360
6,708
7,173
198,479
(32,358)
-
-
(32,358)
On disposal
At 28 February 2023
1,113,483
34,972
22,391
1,056,120
At 28 February 2023
Net book value
402,444
49,346
5,134
456,924
At 28 February 2022
349,544
48,644
7,651
405,839
3. Investments held as fixed assets
Other investments
Total
At 01 March 2022
14,405
14,405
Cost
£
£
At 28 February 2023
14,405
14,405
At 28 February 2023
Net book value
14,405
14,405
At 01 March 2022
14,405
14,405
4. Trade and other receivables
2022
2023
£
£
Other debtors
48,082
64,798
4 of 5
7
For the year ended 28 February 2023
Auto Assist (NW) Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
10,000
10,000
Bank loans and overdraft
233
20
Trade creditors
11,263
13,833
Taxation and social security
121,815
105,216
Other creditors
263,785
187,926
407,096
316,995
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
23,038
32,686
Other creditors
215,620
204,981
238,658
237,667
7. Average number of persons employed
During the year the average number of employees was 9 (2022 : 9)
5 of 5