Company Registration No. 05198322 (England and Wales)
Autostart (Staffs) Limited
Unaudited accounts
for the year ended 31 August 2023
Autostart (Staffs) Limited
Unaudited accounts
Contents
Autostart (Staffs) Limited
Company Information
for the year ended 31 August 2023
Directors
Mark Watson
Mark Robinson
Company Number
05198322 (England and Wales)
Registered Office
UNIT 12 CRABTREE CLOSE
FENTON INDUSTRIAL ESTATE
STOKE ON TRENT
STAFFORDSHIRE
ST4 2SW
Accountants
Hassle Free Accountancy
9 Woodhouse Lane
Brown Edge
Stoke-on-Trent
Staffordshire
ST6 8RG
Autostart (Staffs) Limited
Statement of financial position
as at 31 August 2023
Tangible assets
12,419
13,789
Cash at bank and in hand
70,864
44,390
Creditors: amounts falling due within one year
(100,721)
(95,500)
Net current assets
47,203
47,321
Total assets less current liabilities
59,622
61,110
Provisions for liabilities
Deferred tax
(2,360)
(2,758)
Called up share capital
100
100
Profit and loss account
57,162
58,252
Shareholders' funds
57,262
58,352
For the year ending 31 August 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by
Mark Watson
Director
Company Registration No. 05198322
Autostart (Staffs) Limited
Notes to the Accounts
for the year ended 31 August 2023
Autostart (Staffs) Limited is a private company, limited by shares, registered in England and Wales, registration number 05198322. The registered office is UNIT 12 CRABTREE CLOSE, FENTON INDUSTRIAL ESTATE, STOKE ON TRENT, STAFFORDSHIRE, ST4 2SW.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Other
At 1 September 2022
50,000
At 1 September 2022
50,000
Autostart (Staffs) Limited
Notes to the Accounts
for the year ended 31 August 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2022
8,333
21,158
29,491
At 31 August 2023
9,833
21,158
30,991
At 1 September 2022
2,083
13,619
15,702
Charge for the year
1,688
1,182
2,870
At 31 August 2023
3,771
14,801
18,572
At 31 August 2023
6,062
6,357
12,419
At 31 August 2022
6,250
7,539
13,789
Amounts falling due within one year
Trade debtors
69,423
94,981
Accrued income and prepayments
5,587
1,400
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Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,917
6,694
Trade creditors
38,486
23,458
Taxes and social security
50,106
50,295
Other creditors
7,588
7,588
Loans from directors
624
7,465
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Autostart (Staffs) Limited
Notes to the Accounts
for the year ended 31 August 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account 1
(4)
-
74
(78)
Directors Loan Account 2
(929)
912
-
(17)
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Transactions with related parties
Two director loan accounts represent related party transactions, as the directors are also shareholders.
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Average number of employees
During the year the average number of employees was 4 (2022: 3).