IRIS Accounts Production v24.2.0.383 08085942 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080859422023-06-30080859422024-06-30080859422023-07-012024-06-30080859422022-06-30080859422022-07-012023-06-30080859422023-06-3008085942ns15:EnglandWales2023-07-012024-06-3008085942ns14:PoundSterling2023-07-012024-06-3008085942ns10:Director12023-07-012024-06-3008085942ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008085942ns10:SmallEntities2023-07-012024-06-3008085942ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008085942ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008085942ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008085942ns10:FullAccounts2023-07-012024-06-3008085942ns10:RegisteredOffice2023-07-012024-06-3008085942ns5:CurrentFinancialInstruments2024-06-3008085942ns5:CurrentFinancialInstruments2023-06-3008085942ns5:Non-currentFinancialInstruments2024-06-3008085942ns5:Non-currentFinancialInstruments2023-06-3008085942ns5:ShareCapital2024-06-3008085942ns5:ShareCapital2023-06-3008085942ns5:RetainedEarningsAccumulatedLosses2024-06-3008085942ns5:RetainedEarningsAccumulatedLosses2023-06-3008085942ns5:LandBuildings2023-07-012024-06-3008085942ns5:PlantMachinery2023-07-012024-06-3008085942ns5:LandBuildings2023-06-3008085942ns5:PlantMachinery2023-06-3008085942ns5:LandBuildings2024-06-3008085942ns5:PlantMachinery2024-06-3008085942ns5:LandBuildings2023-06-3008085942ns5:PlantMachinery2023-06-3008085942ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3008085942ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3008085942ns5:Non-currentFinancialInstruments2023-07-012024-06-3008085942ns5:WithinOneYear2024-06-3008085942ns5:WithinOneYear2023-06-30
REGISTERED NUMBER: 08085942 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th June 2024

for

Auto Salvage International Limited

Auto Salvage International Limited (Registered number: 08085942)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Auto Salvage International Limited

Company Information
for the year ended 30th June 2024







DIRECTOR: Mr U Boltach





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 08085942 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Auto Salvage International Limited (Registered number: 08085942)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127,903 72,996

CURRENT ASSETS
Stocks 160,027 105,000
Debtors 5 282,128 240,641
Cash at bank 109,625 57,686
551,780 403,327
CREDITORS
Amounts falling due within one year 6 120,606 125,394
NET CURRENT ASSETS 431,174 277,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,077

350,929

CREDITORS
Amounts falling due after more than one
year

7

(6,967

)

(14,567

)

PROVISIONS FOR LIABILITIES (31,600 ) (14,130 )
NET ASSETS 520,510 322,232

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 520,410 322,132
SHAREHOLDERS' FUNDS 520,510 322,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Salvage International Limited (Registered number: 08085942)

Balance Sheet - continued
30th June 2024


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 director and authorised for issue on 15th August 2024 and were signed by:





Mr U Boltach - Director


Auto Salvage International Limited (Registered number: 08085942)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

Auto Salvage International 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 3 years
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

Auto Salvage International Limited (Registered number: 08085942)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023 12,209 103,280 115,489
Additions - 81,697 81,697
At 30th June 2024 12,209 184,977 197,186
DEPRECIATION
At 1st July 2023 8,140 34,353 42,493
Charge for year 4,069 22,721 26,790
At 30th June 2024 12,209 57,074 69,283
NET BOOK VALUE
At 30th June 2024 - 127,903 127,903
At 30th June 2023 4,069 68,927 72,996

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 253,281 127,474
Other debtors 28,847 113,167
282,128 240,641

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,600 7,600
Taxation and social security 79,445 88,442
Other creditors 33,561 29,352
120,606 125,394

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,967 14,567

No security has been provided in respect of the bank loan.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 25,000 25,000

Auto Salvage International Limited (Registered number: 08085942)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr U Boltach.