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Registered Number: 14598576
England and Wales

 

 

 

FULL THROTTLE AUTOS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 17 January 2023

End date: 31 January 2024
Director Clulo Connor Darren
Registered Number 14598576
Registered Office 25 Windsor Road
Formby
Liverpool
L37 6DX
1
 
 
Notes
 
2024
£
Turnover 14,100 
Cost of sales (11,950)
Gross profit 2,150 
Administrative expenses (13,197)
Operating loss (11,047)
Profit/(Loss) on ordinary activities before taxation (11,047)
Tax on profit on ordinary activities
Profit/(Loss) for the financial period (11,047)
 
2
 
 
Notes
 
2024
£
Current assets    
Stocks 3 7,150 
Creditors: amount falling due within one year 4 (18,197)
Net current assets (11,047)
 
Total assets less current liabilities (11,047)
Net assets (11,047)
 

Capital and reserves
   
Profit and loss account (11,047)
Shareholder's funds (11,047)
 


For the period ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 04 April 2024 and were signed by:


-------------------------------
Clulo Connor Darren
Director
3
General Information
Full Throttle Autos Ltd is a private company, limited by shares, registered in England and Wales, registration number 14598576, registration address 25 Windsor Road, Formby, Liverpool, L37 6DX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises of invoiced value of goods and services supplied by the company.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 1.
3.

Stocks

2024
£
Stocks 7,150 
7,150 

4.

Creditors: amount falling due within one year

2024
£
Accrued Expenses 64 
Director's Current Accounts 18,133 
18,197 

5.

Share Capital

Allotted, called up and fully paid
2024
£
1 Ordinary share of £1.00 each

4