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REGISTERED NUMBER: 04681251 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 November 2023

for

Autotrade Solutions Limited

Autotrade Solutions Limited (Registered number: 04681251)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Autotrade Solutions Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: C J Allenson
Mrs A S Allenson





SECRETARY: Mrs A S Allenson





REGISTERED OFFICE: Unit 5 Bassendale Road
Croft Business Park
Bromborough
Wirral
Merseyside
CH62 3QL





REGISTERED NUMBER: 04681251 (England and Wales)





ACCOUNTANTS: Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Autotrade Solutions Limited (Registered number: 04681251)

Abridged Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 14,971
Tangible assets 5 45,859 55,744
45,859 70,715

CURRENT ASSETS
Stocks 1,894,422 1,791,384
Debtors 449,751 438,729
Cash at bank 166,980 124,363
2,511,153 2,354,476
CREDITORS
Amounts falling due within one year 1,448,009 1,374,026
NET CURRENT ASSETS 1,063,144 980,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,109,003

1,051,165

CREDITORS
Amounts falling due after more than one
year

-

97,574
NET ASSETS 1,109,003 953,591

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,108,903 953,491
SHAREHOLDERS' FUNDS 1,109,003 953,591

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

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 directors acknowledge their 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.

Autotrade Solutions Limited (Registered number: 04681251)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





C J Allenson - Director


Autotrade Solutions Limited (Registered number: 04681251)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Autotrade Solutions 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Autotrade Solutions Limited (Registered number: 04681251)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 149,712
AMORTISATION
At 1 December 2022 134,741
Amortisation for year 14,971
At 30 November 2023 149,712
NET BOOK VALUE

At 30 November 2023 -
At 30 November 2022 14,971

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 344,902
Additions 298
At 30 November 2023 345,200
DEPRECIATION
At 1 December 2022 289,158
Charge for year 10,183
At 30 November 2023 299,341
NET BOOK VALUE
At 30 November 2023 45,859
At 30 November 2022 55,744

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
C J Allenson
Balance outstanding at start of year 126,527 126,729
Amounts advanced - 44,123
Amounts repaid - (44,325 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 126,527

Autotrade Solutions Limited (Registered number: 04681251)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs A S Allenson
Balance outstanding at start of year 126,528 126,729
Amounts advanced - 44,123
Amounts repaid - (44,324 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 126,528

The loans were unsecured, repayable on demand and 2.5% interest was charged on the average balance of the loan.