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REGISTERED NUMBER: 05954165















AUTO ACCESS SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023






AUTO ACCESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05954165)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 9

AUTO ACCESS SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: R M Baines
Mrs S Baines





REGISTERED OFFICE: The Old Surgery
342 Newsome Road
Newsome
HUDDERSFIELD
West Yorkshire
HD4 6LP





REGISTERED NUMBER: 05954165





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

AUTO ACCESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05954165)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Property, plant and equipment 5 105,818 120,942
105,819 120,943

CURRENT ASSETS
Inventories 6 12,685 14,685
Debtors 7 82,281 62,962
Cash at bank 75,520 63,496
170,486 141,143
CREDITORS
Amounts falling due within one year 8 95,846 59,270
NET CURRENT ASSETS 74,640 81,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,459

202,816

CREDITORS
Amounts falling due after more than one
year

9

55,454

74,199
NET ASSETS 125,005 128,617

CAPITAL AND RESERVES
Called up share capital 10 2,200 2,200
Retained earnings 122,805 126,417
SHAREHOLDERS' FUNDS 125,005 128,617

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

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

AUTO ACCESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05954165)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2024 and were signed on its behalf by:





R M Baines - Director


AUTO ACCESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05954165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Auto Access Solutions Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue 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 2006, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and Machinery - 20% on cost
Motor Vehicles - 25% on cost
Computer Equipment - 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


AUTO ACCESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05954165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
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 contracts or finance leases are capitalised in the balance sheet. 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 lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 70,000
AMORTISATION
At 1 November 2022
and 31 October 2023 69,999
NET BOOK VALUE
At 31 October 2023 1
At 31 October 2022 1

AUTO ACCESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05954165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
Machinery Vehicles Equipment Totals
£    £    £    £   
COST
At 1 November 2022 28,982 144,114 5,701 178,797
Additions 2,585 25,000 667 28,252
Disposals - (12,457 ) - (12,457 )
At 31 October 2023 31,567 156,657 6,368 194,592
DEPRECIATION
At 1 November 2022 12,968 40,509 4,378 57,855
Charge for year 3,064 34,998 383 38,445
Eliminated on disposal - (7,526 ) - (7,526 )
At 31 October 2023 16,032 67,981 4,761 88,774
NET BOOK VALUE
At 31 October 2023 15,535 88,676 1,607 105,818
At 31 October 2022 16,014 103,605 1,323 120,942

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Vehicles
£   
COST
At 1 November 2022 83,972
Disposals (12,457 )
At 31 October 2023 71,515
DEPRECIATION
At 1 November 2022 17,955
Charge for year 17,879
Eliminated on disposal (7,526 )
At 31 October 2023 28,308
NET BOOK VALUE
At 31 October 2023 43,207
At 31 October 2022 66,017

6. INVENTORIES
2023 2022
£    £   
Stocks 7,275 8,775
Work In Progress 5,410 5,910
12,685 14,685

AUTO ACCESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05954165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 42,639 12,157
Other debtors 39,642 35,355
82,281 47,512

Amounts falling due after more than one year:
Other debtors - 15,450

Aggregate amounts 82,281 62,962

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,995 8,000
Hire purchase contracts 7,717 7,729
Taxation and social security 44,719 19,716
Other creditors 35,415 23,825
95,846 59,270

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,603 24,394
Hire purchase contracts 38,851 49,805
55,454 74,199

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,000 Ordinary £1 2,000 2,000
100 B Ordinary £1 100 100
100 C Ordinary £1 100 100
2,200 2,200

AUTO ACCESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05954165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
R M Baines and Mrs S Baines
Balance outstanding at start of year 19,948 18,817
Amounts advanced 17,985 60,860
Amounts repaid (19,948 ) (59,729 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,985 19,948

12. ULTIMATE CONTROLLING PARTY

The controlling party is not known.

AUTO ACCESS SOLUTIONS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
AUTO ACCESS SOLUTIONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


9 June 2024