Registered number
08354214
Auto Communications & Tracking Limited
Filleted Accounts
31 January 2024
Auto Communications & Tracking Limited
Registered number: 08354214
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,006 8,535
Current assets
Debtors 4 3,067 3,887
Cash at bank and in hand 27,922 40,294
30,989 44,181
Creditors: amounts falling due within one year 5 (40,336) (46,086)
Net current liabilities (9,347) (1,905)
Total assets less current liabilities 16,659 6,630
Provisions for liabilities (109) (114)
Net assets 16,550 6,516
Capital and reserves
Called up share capital 100 100
Profit and loss account 16,450 6,416
Shareholder's funds 16,550 6,516
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Black
Director
Approved by the board on 7 August 2024
Auto Communications & Tracking Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Motor vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Leasehold improvements Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 406 4,553 19,832 24,791
Additions - 395 31,663 32,058
Disposals - - (19,832) (19,832)
At 31 January 2024 406 4,948 31,663 37,017
Depreciation
At 1 February 2023 406 3,951 11,899 16,256
Charge for the year - 421 6,233 6,654
On disposals - - (11,899) (11,899)
At 31 January 2024 406 4,372 6,233 11,011
Net book value
At 31 January 2024 - 576 25,430 26,006
At 31 January 2023 - 602 7,933 8,535
4 Debtors 2024 2023
£ £
Trade debtors 2,213 3,182
Other debtors 854 705
3,067 3,887
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 546 122
Taxation and social security costs 2,614 2,652
Other creditors 37,176 43,312
40,336 46,086
6 Related party transactions
Included within other creditors is a balance owed to the director of £36,268 (2023 - £42,163) and this amount is undated, interest free and repayable on demand.
7 Controlling party
The controlling party note is Mr S Black, as the sole director and shareholder.
8 Other information
Auto Communications & Tracking Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
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