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REGISTERED NUMBER: 07288606 (England and Wales)















Financial Statements

for the Year Ended 30 December 2023

for

Autohaus London Limited

Autohaus London Limited (Registered number: 07288606)

Contents of the Financial Statements
for the year ended 30 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Autohaus London Limited

Company Information
for the year ended 30 December 2023







DIRECTOR: Mr C Ioannou





REGISTERED OFFICE: Maple House
382 Kenton Road
Kenton
Harrow
Middlesex
HA3 9DP





REGISTERED NUMBER: 07288606 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

Autohaus London Limited (Registered number: 07288606)

Balance Sheet
30 December 2023

30.12.23 30.12.22
Notes £ £
FIXED ASSETS
Tangible assets 4 165,247 187,936

CURRENT ASSETS
Stocks 1,650 1,800
Debtors 5 12,618 27,916
Cash at bank 64,144 16,150
78,412 45,866
CREDITORS
Amounts falling due within one year 6 (161,374 ) (138,673 )
NET CURRENT LIABILITIES (82,962 ) (92,807 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,285

95,129

CREDITORS
Amounts falling due after more than one
year

7

(24,167

)

(32,484

)
NET ASSETS 58,118 62,645

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 58,018 62,545
SHAREHOLDERS' FUNDS 58,118 62,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 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.

Autohaus London Limited (Registered number: 07288606)

Balance Sheet - continued
30 December 2023


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 27 August 2024 and were signed by:





Mr C Ioannou - Director


Autohaus London Limited (Registered number: 07288606)

Notes to the Financial Statements
for the year ended 30 December 2023


1. STATUTORY INFORMATION

Autohaus London 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Autohaus London Limited (Registered number: 07288606)

Notes to the Financial Statements - continued
for the year ended 30 December 2023


2. ACCOUNTING POLICIES - continued

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 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Short Improvements Plant and
leasehold to property machinery
£ £ £
COST
At 31 December 2022
and 30 December 2023 34,056 126,249 117,589
DEPRECIATION
At 31 December 2022 - 12,625 100,370
Charge for year - 12,625 4,305
At 30 December 2023 - 25,250 104,675
NET BOOK VALUE
At 30 December 2023 34,056 100,999 12,914
At 30 December 2022 34,056 113,624 17,219

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 31 December 2022
and 30 December 2023 124,834 13,700 12,892 429,320
DEPRECIATION
At 31 December 2022 107,123 9,691 11,575 241,384
Charge for year 4,428 1,002 329 22,689
At 30 December 2023 111,551 10,693 11,904 264,073
NET BOOK VALUE
At 30 December 2023 13,283 3,007 988 165,247
At 30 December 2022 17,711 4,009 1,317 187,936

Autohaus London Limited (Registered number: 07288606)

Notes to the Financial Statements - continued
for the year ended 30 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£ £
Trade debtors 11,893 6,958
Other debtors 725 20,958
12,618 27,916

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£ £
Trade creditors 22,674 12,232
Taxation and social security 34,673 17,604
Other creditors 104,027 108,837
161,374 138,673

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.23 30.12.22
£ £
Bank loans 24,167 32,484