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Company Registration No. 07937064 (England and Wales)
Autofinity Limited Unaudited accounts for the year ended 30 September 2023
Autofinity Limited Unaudited accounts Contents
Page
- 2 -
Autofinity Limited Company Information for the year ended 30 September 2023
Directors
David Ian Clarke Adrian Lewis Clarke Christopher Daniel Paul Banks Adam Wheeler Andrew Whitehair
Company Number
07937064 (England and Wales)
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Autofinity Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
530,800 
530,800 
Current assets
Debtors
1,888,840 
1,866,522 
Cash at bank and in hand
6,938 
21,503 
1,895,778 
1,888,025 
Creditors: amounts falling due within one year
(2,551,216)
(2,491,772)
Net current liabilities
(655,438)
(603,747)
Total assets less current liabilities
(124,638)
(72,947)
Creditors: amounts falling due after more than one year
- 
(6,929)
Net liabilities
(124,638)
(79,876)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(124,738)
(79,976)
Shareholders' funds
(124,638)
(79,876)
For the year ending 30 September 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 10 February 2024 and were signed on its behalf by
Andrew Whitehair Director Company Registration No. 07937064
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Autofinity Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Autofinity Limited is a private company, limited by shares, registered in England and Wales, registration number 07937064.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2022
530,800 
At 30 September 2023
530,800 
Amortisation
At 1 October 2022
- 
At 30 September 2023
- 
Net book value
At 30 September 2023
530,800 
At 30 September 2022
530,800 
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Autofinity Limited Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
980 
Trade debtors
86 
- 
Amounts due from group undertakings etc.
1,883,844 
1,858,547 
Accrued income and prepayments
4,909 
- 
1,888,839 
1,859,527 
Amounts falling due after more than one year
Trade debtors
- 
99 
Accrued income and prepayments
- 
6,895 
Other debtors
1 
1 
1 
6,995 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,361,120 
2,432,986 
VAT
1,123 
- 
Trade creditors
4,026 
4,786 
Amounts owed to group undertakings and other participating interests
94,180 
- 
Other creditors
36,667 
- 
Accruals
54,100 
54,000 
2,551,216 
2,491,772 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
6,929 
8
Average number of employees
During the year the average number of employees was 5 (2022: 1).
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