Company Registration No. 11688232 (England and Wales)
Autobroker (Melton) Limited
Unaudited accounts
for the year ended 30 November 2023
Autobroker (Melton) Limited
Unaudited accounts
Contents
Autobroker (Melton) Limited
Company Information
for the year ended 30 November 2023
Company Number
11688232 (England and Wales)
Registered Office
2 EXETER STREET
NEW VILLAGE ROAD
COTTINGHAM
EAST YORKSHIRE
HU16 4LU
ENGLAND
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Autobroker (Melton) Limited
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
46,354
76,555
Creditors: amounts falling due within one year
(51,927)
(46,526)
Net current assets
43,599
65,779
Total assets less current liabilities
43,851
65,904
Creditors: amounts falling due after more than one year
(31,750)
(43,750)
Called up share capital
100
100
Profit and loss account
12,001
22,054
Shareholders' funds
12,101
22,154
For the year ending 30 November 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 her 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 19 August 2024 and were signed on its behalf by
C Birss
Director
Company Registration No. 11688232
Autobroker (Melton) Limited
Notes to the Accounts
for the year ended 30 November 2023
Autobroker (Melton) Limited is a private company, limited by shares, registered in England and Wales, registration number 11688232. The registered office is 2 EXETER STREET, NEW VILLAGE ROAD, COTTINGHAM, EAST YORKSHIRE, HU16 4LU, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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.
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.
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.
Autobroker (Melton) Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,000
-
Taxes and social security
-
508
Loans from directors
43,201
41,659
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).