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REGISTERED NUMBER: 04959173 (England and Wales)











AUTO REFINISHERS YORK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






AUTO REFINISHERS YORK LIMITED (REGISTERED NUMBER: 04959173)

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










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


AUTO REFINISHERS YORK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: B J Starkey
P Starkey





SECRETARY: B J Starkey





REGISTERED OFFICE: Old Station Yard, Common Road
Dunnington
York
YO19 5EP





REGISTERED NUMBER: 04959173 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

AUTO REFINISHERS YORK LIMITED (REGISTERED NUMBER: 04959173)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,691 39,122

CURRENT ASSETS
Stocks 9,105 8,914
Debtors 80,337 84,993
Cash at bank 280,153 240,764
369,595 334,671
CREDITORS
Amounts falling due within one year 136,479 140,323
NET CURRENT ASSETS 233,116 194,348
TOTAL ASSETS LESS CURRENT LIABILITIES 283,807 233,470

CREDITORS
Amounts falling due after more than one year (17,373 ) (27,452 )

PROVISIONS FOR LIABILITIES (12,364 ) (7,147 )
NET ASSETS 254,070 198,871

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 253,970 198,771
254,070 198,871

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 REFINISHERS YORK LIMITED (REGISTERED NUMBER: 04959173)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 August 2024 and were signed on its behalf by:





B J Starkey - Director


AUTO REFINISHERS YORK LIMITED (REGISTERED NUMBER: 04959173)

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


1. STATUTORY INFORMATION

Auto Refinishers York 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, for the repair of motor vehicles.

When the outcome of the provision of the service can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% straight line and 5% straight line

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 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.

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.

AUTO REFINISHERS YORK LIMITED (REGISTERED NUMBER: 04959173)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 215,244
Additions 24,235
At 31 December 2023 239,479
DEPRECIATION
At 1 January 2023 176,122
Charge for year 12,666
At 31 December 2023 188,788
NET BOOK VALUE
At 31 December 2023 50,691
At 31 December 2022 39,122

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 61,306 39,573
Between one and five years 198,871 136,000
In more than five years 195,000 170,000
455,177 345,573

AUTO REFINISHERS YORK LIMITED (REGISTERED NUMBER: 04959173)

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


6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 27,452 37,273

Included within bank loans, are loans secured by the UK Government under the Bounce Back Loan Scheme.