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Company Registration No. 10053673 (England and Wales)
GERMAN AUTO SOLUTIONS LTD Unaudited accounts for the year ended 31 March 2024
GERMAN AUTO SOLUTIONS LTD Unaudited accounts Contents
Page
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GERMAN AUTO SOLUTIONS LTD Company Information for the year ended 31 March 2024
Directors
Paul Horne Stephen Hart
Company Number
10053673 (England and Wales)
Registered Office
UNIT 3 STATION ROAD UPPINGHAM LEICESTERSHIRE LE15 9TX ENGLAND
Accountants
AJD Accountancy Services Ltd The Bungalow Coppice Lane Queniborough Leicester LE7 3DR
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GERMAN AUTO SOLUTIONS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
118,967 
138,361 
Current assets
Inventories
30,200 
16,700 
Debtors
26,957 
12,050 
Cash at bank and in hand
182,924 
129,110 
240,081 
157,860 
Creditors: amounts falling due within one year
(100,818)
(77,278)
Net current assets
139,263 
80,582 
Total assets less current liabilities
258,230 
218,943 
Provisions for liabilities
Deferred tax
(28,211)
(23,689)
Net assets
230,019 
195,254 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
229,919 
195,154 
Shareholders' funds
230,019 
195,254 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Paul Horne Director Company Registration No. 10053673
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GERMAN AUTO SOLUTIONS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
GERMAN AUTO SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10053673. The registered office is UNIT 3 STATION ROAD, UPPINGHAM, LEICESTERSHIRE, LE15 9TX, 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.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Government grants
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.
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GERMAN AUTO SOLUTIONS LTD Notes to the Accounts for the year ended 31 March 2024
Pension costs
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
247,616 
55,500 
15,362 
6,036 
324,514 
Additions
17,725 
2,500 
1,917 
1,004 
23,146 
Revaluations
- 
(9,000)
- 
- 
(9,000)
At 31 March 2024
265,341 
49,000 
17,279 
7,040 
338,660 
Depreciation
At 1 April 2023
143,441 
33,810 
4,380 
4,522 
186,153 
Charge for the year
27,050 
3,270 
2,579 
831 
33,730 
On disposals
- 
(190)
- 
- 
(190)
At 31 March 2024
170,491 
36,890 
6,959 
5,353 
219,693 
Net book value
At 31 March 2024
94,850 
12,110 
10,320 
1,687 
118,967 
At 31 March 2023
104,175 
21,690 
10,982 
1,514 
138,361 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,143 
4,116 
Accrued income and prepayments
13,135 
7,934 
Other debtors
6,679 
- 
26,957 
12,050 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
18,674 
23,562 
Taxes and social security
76,603 
31,634 
Other creditors
588 
321 
Loans from directors
2,512 
10,910 
Accruals
2,441 
10,851 
100,818 
77,278 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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GERMAN AUTO SOLUTIONS LTD Notes to the Accounts for the year ended 31 March 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Paul Horne
Director loan
(1,829)
7,708 
2,700 
3,179 
(1,829)
7,708 
2,700 
3,179 
The director loan is an interest free loan and is included in other debtors
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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