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Company Registration No. 11505409 (England and Wales)
AUTO HAVEN LTD Unaudited accounts for the year ended 31 October 2023
AUTO HAVEN LTD Unaudited accounts Contents
Page
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AUTO HAVEN LTD Company Information for the year ended 31 October 2023
Director
Mr WAIS WALIMOHAMMAD
Company Number
11505409 (England and Wales)
Registered Office
167 RED LION ROAD SURBITON SURREY KT6 7RG ENGLAND
Accountants
SAMI & CO ACCOUNTANTS 48 BILTON ROAD PERIVALE MIDDLESEX UB6 7DH
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AUTO HAVEN LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
50,000 
50,000 
Tangible assets
1,945 
2,161 
51,945 
52,161 
Current assets
Inventories
162,000 
130,000 
Cash at bank and in hand
- 
9,372 
162,000 
139,372 
Creditors: amounts falling due within one year
(157,113)
(91,915)
Net current assets
4,887 
47,457 
Total assets less current liabilities
56,832 
99,618 
Creditors: amounts falling due after more than one year
(26,907)
(37,289)
Net assets
29,925 
62,329 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
28,925 
61,329 
Shareholders' funds
29,925 
62,329 
For the year ending 31 October 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 30 July 2024 and were signed on its behalf by
Mr WAIS WALIMOHAMMAD Director Company Registration No. 11505409
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AUTO HAVEN LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
AUTO HAVEN LTD is a private company, limited by shares, registered in England and Wales, registration number 11505409. The registered office is 167 RED LION ROAD, SURBITON, SURREY, KT6 7RG, ENGLAND.
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:
Fixtures & fittings
10% reducing balance
Computer equipment
10% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
50,000 
At 31 October 2023
50,000 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
50,000 
At 31 October 2022
50,000 
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AUTO HAVEN LTD Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
2,250 
1,045 
3,295 
At 31 October 2023
2,250 
1,045 
3,295 
Depreciation
At 1 November 2022
775 
359 
1,134 
Charge for the year
148 
68 
216 
At 31 October 2023
923 
427 
1,350 
Net book value
At 31 October 2023
1,327 
618 
1,945 
At 31 October 2022
1,475 
686 
2,161 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
28,619 
- 
VAT
2,126 
4,379 
Trade creditors
42,000 
- 
Taxes and social security
- 
4,675 
Loans from directors
84,368 
82,861 
157,113 
91,915 
Director Loan Account £80748.00
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,907 
37,289 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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