1 August 2022 false No description of principal activity Taxfiler 2024.1 true 01893649business:PrivateLimitedCompanyLtd2022-08-012023-07-31 018936492022-07-31 018936492022-08-012023-07-31 01893649business:AuditExemptWithAccountantsReport2022-08-012023-07-31 01893649business:FilletedAccounts2022-08-012023-07-31 018936492023-07-31 01893649business:Director12022-08-012023-07-31 01893649business:RegisteredOffice2022-08-012023-07-31 018936492022-07-31 01893649core:WithinOneYear2023-07-31 01893649core:WithinOneYear2022-07-31 01893649core:AfterOneYear2023-07-31 01893649core:AfterOneYear2022-07-31 01893649core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 01893649core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 01893649core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 01893649core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 01893649core:PreviouslyStatedAmount2023-07-31 01893649core:PreviouslyStatedAmount2022-07-31 01893649business:SmallEntities2022-08-012023-07-31 01893649countries:EnglandWales2022-08-012023-07-31 01893649core:PlantMachinery2022-08-012023-07-31 01893649core:MotorVehicles2022-08-012023-07-31 01893649core:FurnitureFittings2022-08-012023-07-31 01893649core:ComputerEquipment2022-08-012023-07-31 01893649core:PlantMachinery2022-07-31 01893649core:MotorVehicles2022-07-31 01893649core:FurnitureFittings2022-07-31 01893649core:ComputerEquipment2022-07-31 01893649core:PlantMachinery2023-07-31 01893649core:MotorVehicles2023-07-31 01893649core:FurnitureFittings2023-07-31 01893649core:ComputerEquipment2023-07-31 018936492021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 01893649 (England and Wales)
Automotive-Electrical (Mirfield) Limited Unaudited accounts for the year ended 31 July 2023
Automotive-Electrical (Mirfield) Limited Unaudited accounts Contents
Page
- 2 -
Automotive-Electrical (Mirfield) Limited Company Information for the year ended 31 July 2023
Director
Mr S Hodgson
Company Number
01893649 (England and Wales)
Registered Office
HOPTON WORKS STATION ROAD MIRFIELD W.YORKS WF14 8NG
Accountants
Lynxexcel Ltd 26 Royston Road Bearsted Maidstone Kent ME15 8NS
- 3 -
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Automotive-Electrical (Mirfield) Limited for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Automotive-Electrical (Mirfield) Limited for the year ended 31 July 2023 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Automotive-Electrical (Mirfield) Limited, as a body, in accordance with the terms of our engagement letter dated 12 July 2022. Our work has been undertaken solely to prepare for your approval the accounts of Automotive-Electrical (Mirfield) Limited and state those matters that we have agreed to state to the Board of Directors of Automotive-Electrical (Mirfield) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Automotive-Electrical (Mirfield) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Automotive-Electrical (Mirfield) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Automotive-Electrical (Mirfield) Limited. You consider that Automotive-Electrical (Mirfield) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Automotive-Electrical (Mirfield) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lynxexcel Ltd Chartered Certified Accountants 26 Royston Road Bearsted Maidstone Kent ME15 8NS 28 April 2024
- 4 -
Automotive-Electrical (Mirfield) Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,453 
9,602 
Current assets
Inventories
250,000 
240,000 
Debtors
148,677 
19,847 
Cash at bank and in hand
(14,834)
36,541 
383,843 
296,388 
Creditors: amounts falling due within one year
(331,500)
(198,236)
Net current assets
52,343 
98,152 
Total assets less current liabilities
58,796 
107,754 
Creditors: amounts falling due after more than one year
(44,767)
(90,051)
Provisions for liabilities
Deferred tax
(2,480)
(2,480)
Net assets
11,549 
15,223 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
10,549 
14,223 
Shareholders' funds
11,549 
15,223 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 29 April 2024 and were signed on its behalf by
Mr S Hodgson Director Company Registration No. 01893649
- 5 -
Automotive-Electrical (Mirfield) Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Automotive-Electrical (Mirfield) Limited is a private company, limited by shares, registered in England and Wales, registration number 01893649. The registered office is HOPTON WORKS, STATION ROAD, MIRFIELD, W.YORKS, WF14 8NG.
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.
Turnover
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.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
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.
- 6 -
Automotive-Electrical (Mirfield) Limited Notes to the Accounts for the year ended 31 July 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The Directors have considered the impact of Covid-19 on the Company’s trade, workforce and supply chain, as well as the wider economy. Whilst it is not considered practical to accurately assess the duration and extent of the disruption, the Directors are confident that they have in place plans to deal with and mitigate any financial losses that may arise. Such plans include, but are not limited to fully utilising the support that has been made available by the government in relation to staff costs and payment deferral of taxation The Directors therefore continue to adopt the going concern basis of preparation for these financial statements.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
66,455 
14,995 
30,833 
267 
112,550 
At 31 July 2023
66,455 
14,995 
30,833 
267 
112,550 
Depreciation
At 1 August 2022
59,617 
13,175 
30,065 
91 
102,948 
Charge for the year
1,438 
910 
768 
33 
3,149 
At 31 July 2023
61,055 
14,085 
30,833 
124 
106,097 
Net book value
At 31 July 2023
5,400 
910 
- 
143 
6,453 
At 31 July 2022
6,838 
1,820 
768 
176 
9,602 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
148,677 
17,462 
Accrued income and prepayments
- 
2,246 
Other debtors
- 
139 
148,677 
19,847 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,463 
9,463 
VAT
37,920 
837 
Trade creditors
76,465 
84,392 
Taxes and social security
92,055 
72,268 
Other creditors
37,469 
19,330 
Loans from directors
77,128 
8,120 
Accruals
1,000 
3,826 
331,500 
198,236 
- 7 -
Automotive-Electrical (Mirfield) Limited Notes to the Accounts for the year ended 31 July 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
28,709 
35,017 
Other creditors
16,058 
55,034 
44,767 
90,051 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
- 8 -