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REGISTERED NUMBER: 07431977 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Auto-Tech Enterprises Limited

Auto-Tech Enterprises Limited (Registered number: 07431977)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Auto-Tech Enterprises Limited (Registered number: 07431977)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £ £
Fixed assets
Tangible assets 4 288,468 288,956

Current assets
Cash at bank 121,660 121,409

Creditors
Amounts falling due within one year 5 (156,184 ) (155,123 )
Net current liabilities (34,524 ) (33,714 )
Total assets less current liabilities 253,944 255,242

Creditors
Amounts falling due after more than
one year

6

(151,305

)

(151,305

)
Net assets 102,639 103,937

Capital and reserves
Called up share capital 2 2
Retained earnings 8 102,637 103,935
Shareholders' funds 102,639 103,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Auto-Tech Enterprises Limited (Registered number: 07431977)

Balance Sheet - continued
31 August 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 31 August 2024 and were signed by:





Nasir Sohail - Director


Auto-Tech Enterprises Limited (Registered number: 07431977)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. Statutory information

Auto-Tech Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07431977

Registered office: Marshall House, Suite 21-25
124 Middleton Road
Morden
SM4 6RW

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.
Plant and machinery - 25% on straight line

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.

Auto-Tech Enterprises Limited (Registered number: 07431977)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. Employees and directors

The average number of employees during the year was 3 (2022 - 5 ) .

4. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 September 2022
and 31 August 2023 287,000 16,926 3,500 1,000 308,426
Depreciation
At 1 September 2022 - 15,528 3,002 940 19,470
Charge for year - 349 124 15 488
At 31 August 2023 - 15,877 3,126 955 19,958
Net book value
At 31 August 2023 287,000 1,049 374 45 288,468
At 31 August 2022 287,000 1,398 498 60 288,956

5. Creditors: amounts falling due within one year
31.8.23 31.8.22
£ £
Bank loans and overdrafts (see note 7)
1,950

11,950
Trade creditors 136,729 111,981
Tax 14,675 13,606
VAT 2,830 2,586
Accrued expenses - 15,000
156,184 155,123

6. Creditors: amounts falling due after more than one year
31.8.23 31.8.22
£ £
Bank loans (see note 7) 151,305 151,305

7. Loans

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£ £
Amounts falling due within one year or on demand:
Bank loans 1,950 11,950

Auto-Tech Enterprises Limited (Registered number: 07431977)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. Loans - continued
31.8.23 31.8.22
£ £
Amounts falling due between one and two years:
Bank loans - 1-2 years 151,305 151,305

8. Reserves
Retained
earnings
£

At 1 September 2022 103,935
Deficit for the year (1,298 )
At 31 August 2023 102,637