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REGISTERED NUMBER: 04834440 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Autogearbox Repair Services Limited

Autogearbox Repair Services Limited (Registered number: 04834440)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Autogearbox Repair Services Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr N Vickers





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
PRESTON
Lancashire
PR2 3AE





REGISTERED NUMBER: 04834440 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Autogearbox Repair Services Limited (Registered number: 04834440)

Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,863 8,917

CURRENT ASSETS
Stocks 7,496 6,600
Debtors 5 2,682 333
Cash at bank and in hand 175,980 149,698
186,158 156,631
CREDITORS
Amounts falling due within one year 6 56,582 46,137
NET CURRENT ASSETS 129,576 110,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,439

119,411

PROVISIONS FOR LIABILITIES 2,254 1,203
NET ASSETS 139,185 118,208

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 139,085 118,108
SHAREHOLDERS' FUNDS 139,185 118,208

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Autogearbox Repair Services Limited (Registered number: 04834440)

Statement of Financial Position - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2024 and were signed by:





Mr N Vickers - Director


Autogearbox Repair Services Limited (Registered number: 04834440)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Autogearbox Repair Services 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.

Income recognition
Turnover
Turnover is measured at the fair value of the consideration received or receivable,excluding discounts,rebates,value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Autogearbox Repair Services Limited (Registered number: 04834440)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 26,525 1,000 625 28,150
Additions 6,072 - - 6,072
At 30 September 2023 32,597 1,000 625 34,222
DEPRECIATION
At 1 October 2022 18,126 899 208 19,233
Charge for year 2,894 25 207 3,126
At 30 September 2023 21,020 924 415 22,359
NET BOOK VALUE
At 30 September 2023 11,577 76 210 11,863
At 30 September 2022 8,399 101 417 8,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 448 333
Other debtors 2,234 -
2,682 333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 8,557 4,422
Tax 14,186 12,306
Social security and other taxes 481 793
VAT 7,558 4,980
Other creditors 6,837 6,662
Credit card 122 74
Pension fund 107 97
Directors' loan accounts 15,090 12,636
Accrued expenses 3,644 4,167
56,582 46,137

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£    £   
Within one year 1,542 1,542