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Registration number: 13089511

Auto-Historica Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Auto-Historica Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Auto-Historica Limited

Company Information

Directors

Mrs Janice Pitchforth

Mr John Howard Pitchforth

Registered office

Building 103
Bicester Heritage
Buckingham Road
Bicester
Oxfordshire
OX27 8AL

Accountants

RS Partnership Ltd
Chartered Certified Accountants
10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

 

Auto-Historica Limited

(Registration number: 13089511)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

10,383

-

Current assets

 

Debtors

5

2,189

1

Cash at bank and in hand

 

23,891

-

 

26,080

1

Creditors: Amounts falling due within one year

6

(96,239)

-

Net current (liabilities)/assets

 

(70,159)

1

Net (liabilities)/assets

 

(59,776)

1

Capital and reserves

 

Called up share capital

7

2

1

Retained earnings

(59,778)

-

Shareholders' (deficit)/funds

 

(59,776)

1

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 4 March 2024 and signed on its behalf by:
 

.........................................
Mrs Janice Pitchforth
Director

 

Auto-Historica Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Building 103
Bicester Heritage
Buckingham Road
Bicester
Oxfordshire
OX27 8AL

The principal place of business is:
Building 103
Bicester Heritage
Buckingham Road
Bicester
Oxfordshire
OX27 8AL

These financial statements were authorised for issue by the Board on 4 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Pounds Sterling (£), which is the Company’s functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Auto-Historica Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% RB

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Auto-Historica Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 0).

 

Auto-Historica Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Other property, plant and equipment
 £

Total
£

Cost or valuation

Additions

13,265

13,265

At 31 August 2023

13,265

13,265

Depreciation

Charge for the year

2,882

2,882

At 31 August 2023

2,882

2,882

Carrying amount

At 31 August 2023

10,383

10,383

5

Debtors

2023
£

2022
£

Trade debtors

2,187

-

Other debtors

2

1

2,189

1

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

3,592

-

Amounts owed to group undertakings and undertakings in which the company has a participating interest

5,579

-

Taxation and social security

 

4,577

-

Accruals and deferred income

 

373

-

Other creditors

 

255

-

Directors Loan Account

 

81,863

-

 

96,239

-

7

Share capital

Allotted, called up and fully paid shares

 

Auto-Historica Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

Ordinary shares of £1 (2022 - £0) each

1

1

-

-

 

2

2

1

1