Registered number
09484609
Autocasa Limited
Filleted Accounts
31 March 2023
Autocasa Limited
Registered number: 09484609
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 2,200 3,300
Tangible assets 4 35,051 35,265
37,251 38,565
Current assets
Stocks 15,831 10,254
Debtors 5 22,389 20,555
Cash at bank and in hand 44,418 40,007
82,638 70,816
Creditors: amounts falling due within one year 6 (23,327) (20,304)
Net current assets 59,311 50,512
Total assets less current liabilities 96,562 89,077
Provisions for liabilities (3,036) (2,850)
Net assets 93,526 86,227
Capital and reserves
Called up share capital 1 1
Profit and loss account 93,525 86,226
Shareholder's funds 93,526 86,227
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.
V Licata
Director
Approved by the board on 20 December 2023
Autocasa Limited
Notes to the Accounts
for the year ended 31 March 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company (including Directors)
4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 11,000
At 31 March 2023 11,000
Amortisation
At 1 April 2022 7,700
Provided during the year 1,100
At 31 March 2023 8,800
Net book value
At 31 March 2023 2,200
At 31 March 2022 3,300
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 17,287 45,810 7,500 70,597
Additions - 7,000 - 7,000
At 31 March 2023 17,287 52,810 7,500 77,597
Depreciation
At 1 April 2022 1,729 27,761 5,842 35,332
Charge for the year 345 5,986 883 7,214
At 31 March 2023 2,074 33,747 6,725 42,546
Net book value
At 31 March 2023 15,213 19,063 775 35,051
At 31 March 2022 15,558 18,049 1,658 35,265
5 Debtors 2023 2022
£ £
Trade debtors 7,938 7,562
Other debtors 14,451 12,993
22,389 20,555
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 11,456 6,836
Taxation and social security costs 10,568 12,444
Other creditors 1,303 1,024
23,327 20,304
7 Other information
Autocasa Limited is a private company limited by shares and incorporated in England. Its registered office is:
Delta House
Jackson Road
Coventry
CV6 4BT
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