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Company Registration No. 11913388 (England and Wales)
ANDOVER CAR REPAIRS LTD Accounts for the year ended 31 March 2024
ANDOVER CAR REPAIRS LTD Accounts Contents
Page
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ANDOVER CAR REPAIRS LTD Company Information for the year ended 31 March 2024
Director
Zydrunas Bakanavicius
Company Number
11913388 (England and Wales)
Registered Office
Barton Stacey Services A303 Westbound Barton Stacey, Hants Winchester SO21 3NF United Kingdom
Accountants
ABN Accounting Limited 85 Great Portland Street First Floor London United Kingdom W1W 7LT
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ANDOVER CAR REPAIRS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,104 
6,209 
Current assets
Inventories
279,390 
253,584 
Debtors
14,103 
5,999 
Cash at bank and in hand
7,355 
32,991 
300,848 
292,574 
Creditors: amounts falling due within one year
(62,007)
(28,526)
Net current assets
238,841 
264,048 
Total assets less current liabilities
242,945 
270,257 
Creditors: amounts falling due after more than one year
(223,066)
(234,179)
Net assets
19,879 
36,078 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
19,779 
35,978 
Shareholders' funds
19,879 
36,078 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 August 2024 and were signed on its behalf by
Zydrunas Bakanavicius Director Company Registration No. 11913388
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ANDOVER CAR REPAIRS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
ANDOVER CAR REPAIRS LTD is a private company, limited by shares, registered in England and Wales, registration number 11913388. The registered office is Barton Stacey Services A303 Westbound, Barton Stacey,, Hants, Winchester, SO21 3NF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight line depreciation 20%
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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ANDOVER CAR REPAIRS LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
10,000 
524 
10,524 
At 31 March 2024
10,000 
524 
10,524 
Depreciation
At 1 April 2023
4,000 
315 
4,315 
Charge for the year
2,000 
105 
2,105 
At 31 March 2024
6,000 
420 
6,420 
Net book value
At 31 March 2024
4,000 
104 
4,104 
At 31 March 2023
6,000 
209 
6,209 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,037 
4,208 
Trade debtors
9,066 
1,791 
14,103 
5,999 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,326 
4,809 
Trade creditors
54,630 
24,207 
Taxes and social security
67 
(490)
Other creditors
984 
- 
62,007 
28,526 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,096 
29,775 
Loans from directors
203,970 
204,404 
223,066 
234,179 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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