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REGISTERED NUMBER: 07922408 (England and Wales)













Autobrite Direct Limited

Unaudited Financial Statements

for the Period 1 April 2022 to 30 March 2023






Autobrite Direct Limited (Registered number: 07922408)






Contents of the Financial Statements
for the period 1 April 2022 to 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Autobrite Direct Limited

Company Information
for the period 1 April 2022 to 30 March 2023







DIRECTORS: M Moss
Mrs J Moss





REGISTERED OFFICE: Festival Way
Festival Park
Stoke on Trent
Staffordshire
ST1 5PU





REGISTERED NUMBER: 07922408 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Autobrite Direct Limited (Registered number: 07922408)

Balance Sheet
30 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,763 2,959
Tangible assets 5 279,000 277,551
280,763 280,510

CURRENT ASSETS
Stocks 236,573 572,681
Debtors 6 491,494 275,641
Cash at bank and in hand 34,045 53,293
762,112 901,615
CREDITORS
Amounts falling due within one year 7 813,477 768,821
NET CURRENT (LIABILITIES)/ASSETS (51,365 ) 132,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,398

413,304

CREDITORS
Amounts falling due after more than one
year

8

(22,003

)

(39,168

)

PROVISIONS FOR LIABILITIES (34,058 ) (39,524 )
NET ASSETS 173,337 334,612

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 173,335 334,610
SHAREHOLDERS' FUNDS 173,337 334,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 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.

Autobrite Direct Limited (Registered number: 07922408)

Balance Sheet - continued
30 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 21 February 2024 and were signed on its behalf by:





M Moss - Director


Autobrite Direct Limited (Registered number: 07922408)

Notes to the Financial Statements
for the period 1 April 2022 to 30 March 2023

1. STATUTORY INFORMATION

Autobrite Direct 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 represents net invoice value of goods / services provided, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 5 years
Improvements to property - Straight line over 5 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 period was 20 (2022 - 23 ) .

Autobrite Direct Limited (Registered number: 07922408)

Notes to the Financial Statements - continued
for the period 1 April 2022 to 30 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 30 March 2023 2,959
AMORTISATION
Charge for period 1,196
At 30 March 2023 1,196
NET BOOK VALUE
At 30 March 2023 1,763
At 31 March 2022 2,959

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2022 - - 174,245
Additions 24,151 16,987 -
Disposals - - -
At 30 March 2023 24,151 16,987 174,245
DEPRECIATION
At 1 April 2022 - - 59,622
Charge for period 4,830 3,397 17,193
Eliminated on disposal - - -
At 30 March 2023 4,830 3,397 76,815
NET BOOK VALUE
At 30 March 2023 19,321 13,590 97,430
At 31 March 2022 - - 114,623

Autobrite Direct Limited (Registered number: 07922408)

Notes to the Financial Statements - continued
for the period 1 April 2022 to 30 March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 178,444 130,704 27,330 510,723
Additions 18,324 - 5,135 64,597
Disposals - (3,933 ) - (3,933 )
At 30 March 2023 196,768 126,771 32,465 571,387
DEPRECIATION
At 1 April 2022 90,828 63,051 19,671 233,172
Charge for period 15,891 16,682 4,222 62,215
Eliminated on disposal - (3,000 ) - (3,000 )
At 30 March 2023 106,719 76,733 23,893 292,387
NET BOOK VALUE
At 30 March 2023 90,049 50,038 8,572 279,000
At 31 March 2022 87,616 67,653 7,659 277,551

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 491,056 253,558
Other debtors 438 22,083
491,494 275,641

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,165 7,165
Trade creditors 370,008 420,303
Taxation and social security 143,821 113,660
Other creditors 282,483 217,693
813,477 768,821

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 10,000
Hire purchase contracts 22,003 29,168
22,003 39,168