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Company Registration No. 08472124 (England and Wales)
AUTO RESPRAYS LIMITED Unaudited accounts for the year ended 31 March 2023
AUTO RESPRAYS LIMITED Unaudited accounts Contents
Page
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AUTO RESPRAYS LIMITED Company Information for the year ended 31 March 2023
Director
Mohammed Arif YAKOOB
Company Number
08472124 (England and Wales)
Registered Office
7 COWPER ROAD LEEDS LS11 6JX LS9 7AP
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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AUTO RESPRAYS LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,069 
2,523 
Current assets
Inventories
19,214 
18,355 
Debtors
9,659 
10,676 
Cash at bank and in hand
6,686 
15,716 
35,559 
44,747 
Creditors: amounts falling due within one year
(2,308)
(1,379)
Net current assets
33,251 
43,368 
Total assets less current liabilities
35,320 
45,891 
Creditors: amounts falling due after more than one year
(47,357)
(49,216)
Net liabilities
(12,037)
(3,325)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(12,137)
(3,425)
Shareholders' funds
(12,037)
(3,325)
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
Mohammed Arif YAKOOB Director Company Registration No. 08472124
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AUTO RESPRAYS LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
AUTO RESPRAYS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08472124. The registered office is 7 COWPER ROAD, LEEDS, LS11 6JX, LS9 7AP.
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.
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.
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
15% diminishing balance method
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.
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AUTO RESPRAYS LIMITED Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
2,000 
6,850 
8,850 
At 31 March 2023
2,000 
6,850 
8,850 
Depreciation
At 1 April 2022
1,590 
4,737 
6,327 
Charge for the year
82 
372 
454 
At 31 March 2023
1,672 
5,109 
6,781 
Net book value
At 31 March 2023
328 
1,741 
2,069 
At 31 March 2022
410 
2,113 
2,523 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
9,559 
10,576 
Amounts falling due after more than one year
Other debtors
100 
100 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
714 
729 
Accruals
1,594 
650 
2,308 
1,379 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
47,357 
49,216 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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