2022-12-01 02052191 2023-11-30 02052191 2022-12-01 2023-11-30 02052191 2022-11-30 02052191 2021-12-01 2022-11-30 02052191 uk-core:WithinOneYear 2022-11-30 02052191 uk-core:WithinOneYear 2023-11-30 02052191 uk-core:AfterOneYear 2022-11-30 02052191 uk-core:AfterOneYear 2023-11-30 02052191 uk-core:ShareCapital 2023-11-30 02052191 uk-core:ShareCapital 2022-11-30 02052191 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 02052191 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 02052191 uk-bus:Director1 2022-12-01 2023-11-30 02052191 uk-core:PlantMachinery 2022-12-01 2023-11-30 02052191 uk-core:ToolsEquipment 2022-12-01 2023-11-30 02052191 uk-core:MotorCars 2022-12-01 2023-11-30 02052191 uk-core:FurnitureFittings 2022-12-01 2023-11-30 02052191 uk-core:ToolsEquipment 2022-11-30 02052191 uk-core:FurnitureFittings 2022-11-30 02052191 uk-core:PlantMachinery 2022-11-30 02052191 uk-core:PlantMachinery 2023-11-30 02052191 uk-core:FurnitureFittings 2023-11-30 02052191 uk-core:ToolsEquipment 2023-11-30 02052191 uk-core:WithinOneYear 2023-11-30 02052191 uk-core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure 02052191 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 02052191 uk-bus:FRS102 2022-12-01 2023-11-30 02052191 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 02052191 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Autocare Discount Centre Limited
Registered Number:02052191
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2023
Autocare Discount Centre Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
02052191
As at 30 November 2023
Autocare Discount Centre Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
8,184
26,262
2
8,184
26,262
Current assets
Inventories
41,350
32,500
3
Trade and other receivables
2,751
2,751
4
37,932
Cash and cash equivalents
31,490
66,741
82,033
Trade and other payables: amounts falling due within one
year
(62,129)
(54,693)
5
19,904
12,048
Net current assets
Total assets less current liabilities
20,232
46,166
Trade and other payables: amounts falling due after more
than one year
(18,978)
(14,050)
6
6,182
Net assets
27,188
Capital and reserves
Called up share capital
100
100
Retained earnings
6,082
27,088
6,182
27,188
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S T Jaffer Director
These financial statements were approved and authorised for issue by the Board on 20 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2023
Autocare Discount Centre Limited
Notes to the Financial Statements
Statutory Information
Autocare Discount Centre Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 02052191.
Registered address:
410-414 Manchester Road East
Little Hulton
Worsley
Manchester
M28 6WR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20 Straight line
20 Straight line
Computer equipment
20 Straight line
Motor vehicles
20 Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
2 of 4
5
For the year ended 30 November 2023
Autocare Discount Centre Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 December 2022
127,688
7,681
75,082
44,925
-
(75,082)
-
Disposals
(75,082)
At 30 November 2023
44,925
-
7,681
52,606
Provision for depreciation and impairment
At 01 December 2022
101,426
-
57,004
44,422
(57,004)
-
(57,004)
-
On disposal
At 30 November 2023
44,422
-
-
44,422
At 30 November 2023
Net book value
503
-
7,681
8,184
At 30 November 2022
503
18,078
7,681
26,262
3. Inventories
2022
2023
£
£
Stocks
32,500
41,350
4. Trade and other receivables
2022
2023
£
£
Other debtors
2,751
2,751
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
6,000
6,000
Trade creditors
19,447
32,766
Taxation and social security
7,671
7,543
Other creditors
21,575
15,820
54,693
62,129
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6
For the year ended 30 November 2023
Autocare Discount Centre Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
14,050
18,978
7. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
4 of 4