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REGISTERED NUMBER: 03496870 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Automatic Transmissions (Huddersfield)
Limited

Automatic Transmissions (Huddersfield)
Limited (Registered number: 03496870)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Automatic Transmissions (Huddersfield)
Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr A Stringer
Mr L Watson
Mr A Watson





SECRETARY: Mr A Stringer





REGISTERED OFFICE: Nile Street
Off St Thomas Road
Huddersfield
West Yorkshire
HD1 3LP





REGISTERED NUMBER: 03496870 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Automatic Transmissions (Huddersfield)
Limited (Registered number: 03496870)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 28,884 34,694

CURRENT ASSETS
Stocks 57,500 77,500
Debtors 6 72,023 43,247
Cash at bank 11,013 -
140,536 120,747
CREDITORS
Amounts falling due within one year 7 171,592 148,662
NET CURRENT LIABILITIES (31,056 ) (27,915 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,172

)

6,779

CREDITORS
Amounts falling due after more than one
year

8

(19,001

)

(28,333

)

PROVISIONS FOR LIABILITIES (2,803 ) -
NET LIABILITIES (23,976 ) (21,554 )

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Retained earnings (33,976 ) (31,554 )
SHAREHOLDERS' FUNDS (23,976 ) (21,554 )

Automatic Transmissions (Huddersfield)
Limited (Registered number: 03496870)

Balance Sheet - continued
31 July 2023


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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:





Mr A Stringer - Director


Automatic Transmissions (Huddersfield)
Limited (Registered number: 03496870)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Automatic Transmissions (Huddersfield) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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 - Straight line over 5 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 balance sheet date.


Automatic Transmissions (Huddersfield)
Limited (Registered number: 03496870)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 125,513
Additions 2,000
At 31 July 2023 127,513
DEPRECIATION
At 1 August 2022 90,819
Charge for year 7,810
At 31 July 2023 98,629
NET BOOK VALUE
At 31 July 2023 28,884
At 31 July 2022 34,694

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,630 5,168
Other debtors 58,393 38,079
72,023 43,247

Automatic Transmissions (Huddersfield)
Limited (Registered number: 03496870)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 61,163
Trade creditors 142,873 55,085
Taxation and social security 14,170 11,112
Other creditors 4,549 21,302
171,592 148,662

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,001 28,333

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 51,163

The bank overdraft is secured by a debenture in favour of the Royal Bank of Scotland plc.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr A Stringer
Balance outstanding at start of year - 52,233
Amounts advanced 111,494 36,278
Amounts repaid (104,265 ) (88,511 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,229 -