Registered number
06831973
20/20 Automotive Consultancy & Training Limited
Report and Accounts
31 July 2024
20/20 Automotive Consultancy & Training Limited
Registered number: 06831973
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 1,527
Current assets
Debtors 4 5,238 1,500
Cash at bank and in hand - 11,477
5,238 12,977
Creditors: amounts falling due within one year 5 (5,228) (7,239)
Net current assets 10 5,738
Net assets 10 7,265
Capital and reserves
Called up share capital 10 10
Profit and loss account - 7,255
Shareholder's funds 10 7,265
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Moore
Director
Approved by the board on 28 August 2024
20/20 Automotive Consultancy & Training Limited
Notes to the Accounts
for the period from 1 March 2023 to 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 2,827
Disposals (2,827)
At 31 July 2024 -
Depreciation
At 1 March 2023 1,300
On disposals (1,300)
At 31 July 2024 -
Net book value
At 31 July 2024 -
At 28 February 2023 1,527
4 Debtors 2024 2023
£ £
Trade debtors - 1,500
Other debtors 5,238 -
5,238 1,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 4,478 2,829
Other creditors 750 4,410
5,228 7,239
6 Other information
20/20 Automotive Consultancy & Training Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Kings Brook Close
Rempstone
Loughborough
Leicestershire
LE12 6RR
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