Registered number
05608547
Autocheck Car Centre Limited
Filleted Accounts
31 December 2023
Autocheck Car Centre Limited
Company Information
Directors
G J Milliner
J M Powell
Secretary
S J Milliner
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered number
05608547
Autocheck Car Centre Limited
Registered number: 05608547
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 50,932 62,311
Current assets
Stocks 81,403 80,523
Debtors 5 9,042 8,120
Cash at bank and in hand 76,455 59,547
166,900 148,190
Creditors: amounts falling due within one year 6 (59,245) (49,964)
Net current assets 107,655 98,226
Total assets less current liabilities 158,587 160,537
Creditors: amounts falling due after more than one year 7 (38,631) (41,525)
Net assets 119,956 119,012
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 118,956 118,012
Shareholders' funds 119,956 119,012
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
G J Milliner
Director
Approved by the board on 31 August 2024
Autocheck Car Centre Limited
Notes to the Accounts
for the year ended 31 December 2023
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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Improvements to property Straight line over 20 years
Plant and machinery etc 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 30,000
At 31 December 2023 30,000
Amortisation
At 1 January 2023 30,000
At 31 December 2023 30,000
Net book value
At 31 December 2023 -
4 Tangible fixed assets
Improvements to property Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 15,645 185,512 28,107 229,264
Additions - 5,968 - 5,968
Disposals - (1,153) (3,500) (4,653)
At 31 December 2023 15,645 190,327 24,607 230,579
Depreciation
At 1 January 2023 6,257 142,635 18,061 166,953
Charge for the year 783 12,090 2,019 14,892
On disposals - (667) (1,531) (2,198)
At 31 December 2023 7,040 154,058 18,549 179,647
Net book value
At 31 December 2023 8,605 36,269 6,058 50,932
At 31 December 2022 9,388 42,877 10,046 62,311
5 Debtors 2023 2022
£ £
Trade debtors 9,042 7,940
Other debtors - 180
9,042 8,120
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 20,446 21,755
Taxation and social security costs 31,491 23,565
Other creditors 7,308 4,644
59,245 49,964
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 18,631 25,525
Other creditors 20,000 16,000
38,631 41,525
8 Contingent liabilities
No provision is made for deferred tax of £9,677 resulting from accelerated capital allowances because it is not anticipated that this will become payable in the forseeable future.
9 Controlling party
The company is controlled by G J Milliner
10 Other information
Autocheck Car Centre Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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