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REGISTERED NUMBER: 07078716 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 November 2023

for

Autowerks 2010 Limited

Autowerks 2010 Limited (Registered number: 07078716)

Contents of the Financial Statements
For The Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Autowerks 2010 Limited

Company Information
For The Year Ended 30 November 2023







DIRECTORS: Mr J R Pulford
Mr A D Pulford





REGISTERED OFFICE: The Embankment
Wellingborough
NORTHAMPTONSHIRE
NN8 1LD





REGISTERED NUMBER: 07078716 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Autowerks 2010 Limited (Registered number: 07078716)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 400 600
Tangible assets 5 12,218 14,718
12,618 15,318

CURRENT ASSETS
Stocks 77,391 184,955
Debtors 6 6,288 6,288
Cash at bank 185,215 133,023
268,894 324,266
CREDITORS
Amounts falling due within one year 7 50,667 74,084
NET CURRENT ASSETS 218,227 250,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,845

265,500

CREDITORS
Amounts falling due after more than one year 8 (25,780 ) (35,650 )

PROVISIONS FOR LIABILITIES 9 (2,168 ) (2,590 )
NET ASSETS 202,897 227,260

Autowerks 2010 Limited (Registered number: 07078716)

Balance Sheet - continued
30 November 2023

2023 2022
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 202,895 227,258
SHAREHOLDERS' FUNDS 202,897 227,260

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.

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 Statement of Income and Retained Earnings 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:





Mr J R Pulford - Director


Autowerks 2010 Limited (Registered number: 07078716)

Notes to the Financial Statements
For The Year Ended 30 November 2023


1. STATUTORY INFORMATION

Autowerks 2010 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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 etc - 15% on reducing balance and at variable rates on reducing balance

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives,using either a straight line or reducing balance method, as indicated above.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and investments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Autowerks 2010 Limited (Registered number: 07078716)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 600
AMORTISATION
Charge for year 200
At 30 November 2023 200
NET BOOK VALUE
At 30 November 2023 400
At 30 November 2022 600

Autowerks 2010 Limited (Registered number: 07078716)

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


5. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipmt Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 74,250 9,955 84,205
DEPRECIATION
At 1 December 2022 60,822 8,665 69,487
Charge for year 2,015 485 2,500
At 30 November 2023 62,837 9,150 71,987
NET BOOK VALUE
At 30 November 2023 11,413 805 12,218
At 30 November 2022 13,428 1,290 14,718

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,288 6,288

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,968 41,358
Taxation and social security 26,848 20,571
Other creditors 14,851 12,155
50,667 74,084

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 25,780 35,650

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,168 2,590

Deferred
tax
£   
Balance at 1 December 2022 2,590
Credit to Statement of Income and Retained Earnings during year (422 )
Balance at 30 November 2023 2,168