IRIS Accounts Production v24.1.0.578 SC337470 director 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3374702022-03-31SC3374702023-03-31SC3374702022-04-012023-03-31SC3374702021-03-31SC3374702021-04-012022-03-31SC3374702022-03-31SC337470ns15:Scotland2022-04-012023-03-31SC337470ns14:PoundSterling2022-04-012023-03-31SC337470ns10:Director12022-04-012023-03-31SC337470ns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC337470ns10:SmallEntities2022-04-012023-03-31SC337470ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC337470ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC337470ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC337470ns10:AbridgedAccounts2022-04-012023-03-31SC33747012022-04-012023-03-31SC337470ns10:CompanySecretary12022-04-012023-03-31SC337470ns10:RegisteredOffice2022-04-012023-03-31SC337470ns5:CurrentFinancialInstruments2023-03-31SC337470ns5:CurrentFinancialInstruments2022-03-31SC337470ns5:Non-currentFinancialInstruments2023-03-31SC337470ns5:Non-currentFinancialInstruments2022-03-31SC337470ns5:ShareCapital2023-03-31SC337470ns5:ShareCapital2022-03-31SC337470ns5:RetainedEarningsAccumulatedLosses2023-03-31SC337470ns5:RetainedEarningsAccumulatedLosses2022-03-31SC337470ns5:NetGoodwill2022-04-012023-03-31SC337470ns5:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC337470ns5:LeaseholdImprovements2022-04-012023-03-31SC337470ns5:PlantMachinery2022-04-012023-03-31SC337470ns5:FurnitureFittings2022-04-012023-03-31SC337470ns5:MotorVehicles2022-04-012023-03-31SC337470ns5:ComputerEquipment2022-04-012023-03-31
REGISTERED NUMBER: SC337470 (Scotland)















Financial Statements For The Year Ended 31 March 2023

for

A For Audi Limited

A For Audi Limited (Registered number: SC337470)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


A For Audi Limited

Company Information
For The Year Ended 31 March 2023







DIRECTOR: A C Dunn





SECRETARY: Mrs C J Dunn





REGISTERED OFFICE: 6 Andrew Court
Clyde Street
Clydebank
G81 1PF





REGISTERED NUMBER: SC337470 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

A For Audi Limited (Registered number: SC337470)

Abridged Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 5,400
Tangible assets 5 137,829 121,887
142,329 127,287

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 490,652 407,006
Cash in hand 26 27
495,678 412,033
CREDITORS
Amounts falling due within one year 368,580 295,866
NET CURRENT ASSETS 127,098 116,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,427

243,454

CREDITORS
Amounts falling due after more than one
year

6

(52,610

)

(60,134

)

PROVISIONS FOR LIABILITIES (15,551 ) (17,317 )
NET ASSETS 201,266 166,003

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 201,166 165,903
SHAREHOLDERS' FUNDS 201,266 166,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

A For Audi Limited (Registered number: SC337470)

Abridged Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2024 and were signed by:





A C Dunn - Director


A For Audi Limited (Registered number: SC337470)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

A For Audi Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Fixed plant and equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the statement of comprehensive income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the statement of comprehensive income.


A For Audi Limited (Registered number: SC337470)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income.

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 positionstatement of financial position date.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase or finance lease are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the term of the lease, whichever is the shorter.

The interest element of these obligations is charged to the statement of comprehensive income over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the statement of comprehensive income on a straight line basis over the period of the lease.

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 the statement of comprehensive income in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 18,000
AMORTISATION
At 1 April 2022 12,600
Amortisation for year 900
At 31 March 2023 13,500
NET BOOK VALUE

At 31 March 2023 4,500
At 31 March 2022 5,400

A For Audi Limited (Registered number: SC337470)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 283,165
Additions 39,620
At 31 March 2023 322,785
DEPRECIATION
At 1 April 2022 161,278
Charge for year 23,678
At 31 March 2023 184,956
NET BOOK VALUE
At 31 March 2023 137,829
At 31 March 2022 121,887

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 years 1,103 2,495

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 38,141 21,773

Bank of Scotland plc hold a floating charge over the company's assets.

8. OTHER FINANCIAL COMMITMENTS

At the end of the financial year the company had financial commitments against non cancellable lease agreements totalling £12,453 (2022: £7,500).

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the end of the financial year ended 31 March 2023 the directors owed the company £160,623 (2022: £112,644).

This loan is interest free and has no fixed terms of repayment.