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Company Registration No. 08261889 (England and Wales)
AUTO POINT LEEDS LTD Unaudited accounts for the year ended 31 March 2023
AUTO POINT LEEDS LTD Unaudited accounts Contents
Page
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AUTO POINT LEEDS LTD Company Information for the year ended 31 March 2023
Director
Attif YAKOOB
Company Number
08261889 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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AUTO POINT LEEDS LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,034 
3,791 
Current assets
Inventories
6,920 
6,764 
Debtors
3,143 
4,475 
Cash at bank and in hand
9,986 
31,516 
20,049 
42,755 
Creditors: amounts falling due within one year
(1,739)
(3,330)
Net current assets
18,310 
39,425 
Total assets less current liabilities
21,344 
43,216 
Creditors: amounts falling due after more than one year
(26,770)
(36,666)
Net (liabilities)/assets
(5,426)
6,550 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(5,526)
6,450 
Shareholders' funds
(5,426)
6,550 
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 11 December 2023 and were signed on its behalf by
Attif YAKOOB Director Company Registration No. 08261889
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AUTO POINT LEEDS LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
AUTO POINT LEEDS LTD is a private company, limited by shares, registered in England and Wales, registration number 08261889. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% diminishing Balance Method
Motor vehicles
20% diminishing Balance Method
Fixtures & fittings
20% diminishing Balance Method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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AUTO POINT LEEDS LTD Notes to the Accounts for the year ended 31 March 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
2,700 
13,620 
16,320 
At 31 March 2023
2,700 
13,620 
16,320 
Depreciation
At 1 April 2022
2,078 
10,451 
12,529 
Charge for the year
124 
633 
757 
At 31 March 2023
2,202 
11,084 
13,286 
Net book value
At 31 March 2023
498 
2,536 
3,034 
At 31 March 2022
622 
3,169 
3,791 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,143 
4,475 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
474 
2,680 
Accruals
1,265 
650 
1,739 
3,330 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,770 
36,666 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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