AUTO MECHANICAL & GAILEY RECOVERY LIMITED

Company Registration Number:
04148347 (England and Wales)

Unaudited abridged accounts for the year ended 28 April 2023

Period of accounts

Start date: 29 April 2022

End date: 28 April 2023

AUTO MECHANICAL & GAILEY RECOVERY LIMITED

Contents of the Financial Statements

for the Period Ended 28 April 2023

Balance sheet
Notes

AUTO MECHANICAL & GAILEY RECOVERY LIMITED

Balance sheet

As at 28 April 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 141,454 168,757
Total fixed assets: 141,454 168,757
Current assets
Stocks: 35,000 25,000
Debtors:   138,870 247,569
Cash at bank and in hand: 14,708 8,844
Total current assets: 188,578 281,413
Creditors: amounts falling due within one year:   (190,517) (275,419)
Net current assets (liabilities): (1,939) 5,994
Total assets less current liabilities: 139,515 174,751
Creditors: amounts falling due after more than one year:   (61,383) (81,506)
Total net assets (liabilities): 78,132 93,245
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 78,032 93,145
Shareholders funds: 78,132 93,245

The notes form part of these financial statements

AUTO MECHANICAL & GAILEY RECOVERY LIMITED

Balance sheet statements

For the year ending 28 April 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 April 2024
and signed on behalf of the board by:

Name: Mrs Julie O'Sullivan
Status: Director

The notes form part of these financial statements

AUTO MECHANICAL & GAILEY RECOVERY LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value addedtaxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover isreduced for estimated customer returns, rebates and other similar allowances.Turnover from the sale of goods isrecognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This isusually at the point that the customer has signed for the delivery of the

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value,over their expected useful lives on the following bases:Freehold Over 50 yearsLeasehold over the lease termPlant & Machinery over 5 yearsMotor Vehicles over 5 years

Intangible fixed assets and amortisation policy

Intangible fixes assets are measured at costless accumulative and any accumulative impairment losses.

AUTO MECHANICAL & GAILEY RECOVERY LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2023

2. Employees

2023 2022
Average number of employees during the period 16 21

AUTO MECHANICAL & GAILEY RECOVERY LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2023

3. Tangible Assets

Total
Cost £
At 29 April 2022 881,581
At 28 April 2023 881,581
Depreciation
At 29 April 2022 712,824
Charge for year 27,303
At 28 April 2023 740,127
Net book value
At 28 April 2023 141,454
At 28 April 2022 168,757