Company Registration No. 06443189 (England and Wales)
Autoserv North West Ltd
Unaudited accounts
for the year ended 31 May 2023
Autoserv North West Ltd
Unaudited accounts
Contents
Autoserv North West Ltd
Company Information
for the year ended 31 May 2023
Directors
Daniel Ian Foy Evans
Diana Margaret Evans
Secretary
Diana Margaret Evans
Company Number
06443189 (England and Wales)
Registered Office
1 Hodge Road
Walkden
Manchester
M28 3AU
Accountants
Monton Green Accountancy Ltd
5 Hawthorn Avenue
Eccles
Manchester
M30 9NE
Autoserv North West Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
50,476
47,823
Cash at bank and in hand
42,152
19,092
Creditors: amounts falling due within one year
(125,847)
(97,464)
Net current liabilities
(29,622)
(25,682)
Total assets less current liabilities
20,854
22,141
Creditors: amounts falling due after more than one year
(20,787)
(30,284)
Net assets/(liabilities)
67
(8,143)
Called up share capital
2
1
Profit and loss account
65
(8,144)
Shareholders' funds
67
(8,143)
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by
Daniel Ian Foy Evans
Director
Company Registration No. 06443189
Autoserv North West Ltd
Notes to the Accounts
for the year ended 31 May 2023
Autoserv North West Ltd is a private company, limited by shares, registered in England and Wales, registration number 06443189. The registered office is 1 Hodge Road, Walkden, Manchester, M28 3AU.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Reducing Balance
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
Autoserv North West Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
17,800
79,488
97,288
Additions
9,531
7,430
16,961
At 31 May 2023
27,331
86,918
114,249
At 1 June 2022
5,769
43,696
49,465
Charge for the year
4,563
9,745
14,308
At 31 May 2023
10,332
53,441
63,773
At 31 May 2023
16,999
33,477
50,476
At 31 May 2022
12,031
35,792
47,823
Amounts falling due within one year
Trade debtors
7,241
10,372
Accrued income and prepayments
2,053
-
Other debtors
39,863
38,652
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,794
9,959
Trade creditors
18,015
8,405
Taxes and social security
7,650
1,142
Loans from directors
80,479
63,509
7
Creditors: amounts falling due after more than one year
2023
2022
Autoserv North West Ltd
Notes to the Accounts
for the year ended 31 May 2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
1
Shares issued during the period:
1 Ordinary shares of £1 each
1
9
Transactions with related parties
An interest free loan was made to Motum Property Ltd which is also owned by Mr Daniel Ian Foy Evans and Mrs Diana Margaret Evans. The balance outstanding on the loan at 31st May 2023 is £39,863 (2022: £38,652).
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).