Autocare (Halifax) Limited 02635335 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is motor vehicle maintenance, repairs & retail trade of parts & accessories Digita Accounts Production Advanced 6.30.9574.0 true true 02635335 2023-01-01 2023-12-31 02635335 2023-12-31 02635335 bus:OrdinaryShareClass1 2023-12-31 02635335 core:RetainedEarningsAccumulatedLosses 2023-12-31 02635335 core:ShareCapital 2023-12-31 02635335 core:CurrentFinancialInstruments 2023-12-31 02635335 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02635335 core:Non-currentFinancialInstruments 2023-12-31 02635335 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 02635335 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 02635335 core:MotorVehicles 2023-12-31 02635335 core:OfficeEquipment 2023-12-31 02635335 core:PlantMachinery 2023-12-31 02635335 bus:SmallEntities 2023-01-01 2023-12-31 02635335 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02635335 bus:FullAccounts 2023-01-01 2023-12-31 02635335 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02635335 bus:RegisteredOffice 2023-01-01 2023-12-31 02635335 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 02635335 bus:Director3 2023-01-01 2023-12-31 02635335 bus:Director5 2023-01-01 2023-12-31 02635335 bus:Director6 2023-01-01 2023-12-31 02635335 bus:Director7 2023-01-01 2023-12-31 02635335 bus:Director8 2023-01-01 2023-12-31 02635335 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 02635335 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02635335 core:Buildings 2023-01-01 2023-12-31 02635335 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02635335 core:MotorVehicles 2023-01-01 2023-12-31 02635335 core:OfficeEquipment 2023-01-01 2023-12-31 02635335 core:PlantMachinery 2023-01-01 2023-12-31 02635335 core:Vehicles 2023-01-01 2023-12-31 02635335 countries:England 2023-01-01 2023-12-31 02635335 2022-12-31 02635335 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 02635335 core:MotorVehicles 2022-12-31 02635335 core:OfficeEquipment 2022-12-31 02635335 core:PlantMachinery 2022-12-31 02635335 2022-01-01 2022-12-31 02635335 2022-12-31 02635335 bus:OrdinaryShareClass1 2022-12-31 02635335 core:RetainedEarningsAccumulatedLosses 2022-12-31 02635335 core:ShareCapital 2022-12-31 02635335 core:CurrentFinancialInstruments 2022-12-31 02635335 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 02635335 core:Non-currentFinancialInstruments 2022-12-31 02635335 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 02635335 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 02635335 core:MotorVehicles 2022-12-31 02635335 core:OfficeEquipment 2022-12-31 02635335 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02635335

Autocare (Halifax) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Autocare (Halifax) Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Autocare (Halifax) Limited

Company Information





 

Directors




 

Mrs Surinder Kaur

Mr Amrik Singh Samra

Mr Rashpal Singh Samra

Mr Gian Singh

Mrs Kulwinder Kaur

Mrs Surinder Kaur Samra

Company secretary

Mr Amrik Singh Samra

Registered office





 

Portland House
9, St John's Place
Halifax
W Yorkshire
HX1 2NG

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Autocare (Halifax) Limited

Directors' Report
for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

Mrs Surinder Kaur

Mr Amrik Singh Samra - Company secretary and director

Mr Rashpal Singh Samra

Mr Gian Singh

Mrs Kulwinder Kaur

Mrs Surinder Kaur Samra

Principal activity

The principal activity of the company is motor vehicle maintenance, repairs & retail trade of parts & accessories

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 25 July 2024 and signed on its behalf by:
 

.........................................
Mr Amrik Singh Samra
Company secretary and director

 

Autocare (Halifax) Limited

(Registration number: 02635335 )
Balance Sheet
as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

113,774

119,370

Current assets

 

Stocks

5

72,506

53,312

Debtors

6

101,063

119,274

Cash at bank and in hand

 

30,296

-

 

203,865

172,586

Creditors: Amounts falling due within one year

7

(454,315)

(431,196)

Net current liabilities

 

(250,450)

(258,610)

Total assets less current liabilities

 

(136,676)

(139,240)

Creditors: Amounts falling due after more than one year

7

(15,968)

(38,840)

Net liabilities

 

(152,644)

(178,080)

Capital and reserves

 

Called up share capital

8

100,000

100,000

Retained earnings

(252,644)

(278,080)

Shareholders' deficit

 

(152,644)

(178,080)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 July 2024 and signed on its behalf by:
 

 

Autocare (Halifax) Limited

(Registration number: 02635335 )
Balance Sheet
as at 31 December 2023

.........................................
Mr Amrik Singh Samra
Company secretary and director

 

Autocare (Halifax) Limited

Notes to the Unaudited Financial Statements
for the Year Ended
31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Portland House
9, St John's Place
Halifax
W Yorkshire
HX1 2NG

These financial statements were authorised for issue by the Board on 25 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Autocare (Halifax) Limited

Notes to the Unaudited Financial Statements
for the Year Ended
31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Autocare (Halifax) Limited

Notes to the Unaudited Financial Statements
for the Year Ended
31 December 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% on cost

Plant and machinery

15% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

30% 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Autocare (Halifax) Limited

Notes to the Unaudited Financial Statements
for the Year Ended
31 December 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 27 (2022 - 23).

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 January 2023

162,700

127,290

4,290

41,443

At 31 December 2023

162,700

127,290

4,290

41,443

Depreciation

At 1 January 2023

55,188

120,634

3,423

37,108

Charge for the year

3,254

998

260

1,084

At 31 December 2023

58,442

121,632

3,683

38,192

Carrying amount

At 31 December 2023

104,258

5,658

607

3,251

At 31 December 2022

107,512

6,656

867

4,335

 

Autocare (Halifax) Limited

Notes to the Unaudited Financial Statements
for the Year Ended
31 December 2023

Total
£

Cost or valuation

At 1 January 2023

335,723

At 31 December 2023

335,723

Depreciation

At 1 January 2023

216,353

Charge for the year

5,596

At 31 December 2023

221,949

Carrying amount

At 31 December 2023

113,774

At 31 December 2022

119,370

Included within the net book value of land and buildings above is £104,258 (2022 - £107,512) in respect of freehold land and buildings.
 

5

Stocks

2023
£

2022
£

Other inventories

72,506

53,312

6

Debtors

Current

2023
£

2022
£

Trade debtors

6,063

6,372

Prepayments

-

17,896

Other debtors

95,000

95,006

 

101,063

119,274

 

Autocare (Halifax) Limited

Notes to the Unaudited Financial Statements
for the Year Ended
31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

11,848

76,827

Trade creditors

 

370,024

249,744

Taxation and social security

 

35,710

88,267

Accruals and deferred income

 

7,100

6,900

Other creditors

 

29,633

9,458

 

454,315

431,196

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

15,968

38,840

 

Autocare (Halifax) Limited

Notes to the Unaudited Financial Statements
for the Year Ended
31 December 2023

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100,000

100,000

100,000

100,000

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

15,968

38,840

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

-

76,827

Other borrowings

11,848

-

11,848

76,827