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REGISTERED NUMBER: 02821486 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

AUTOZONE LIMITED

AUTOZONE LIMITED (REGISTERED NUMBER: 02821486)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AUTOZONE LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs Sanyogta Najran
Mr Sukhdev Najran





SECRETARY: Mr Sukhdev Najran





REGISTERED OFFICE: 98 Steward Street
Ladywood
Birmingham
West Midlands
B18 7AF





REGISTERED NUMBER: 02821486 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

AUTOZONE LIMITED (REGISTERED NUMBER: 02821486)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,774 31,640

CURRENT ASSETS
Stocks 5 154,903 201,264
Debtors 6 1,104,767 896,799
Cash at bank and in hand 431,328 423,152
1,690,998 1,521,215
CREDITORS
Amounts falling due within one year 7 365,568 336,817
NET CURRENT ASSETS 1,325,430 1,184,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,361,204

1,216,038

CREDITORS
Amounts falling due after more than one year 8 (15,278 ) (25,278 )

PROVISIONS FOR LIABILITIES 10 (2,027 ) (383 )
NET ASSETS 1,343,899 1,190,377

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11 1,343,799 1,190,277
SHAREHOLDERS' FUNDS 1,343,899 1,190,377

AUTOZONE LIMITED (REGISTERED NUMBER: 02821486)

Statement of Financial Position - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





Mr Sukhdev Najran - Director


AUTOZONE LIMITED (REGISTERED NUMBER: 02821486)

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

1. STATUTORY INFORMATION

Autozone Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Holiday pay
Holiday pay is recognised as an expense in the period in which the service is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 24 ) .

AUTOZONE LIMITED (REGISTERED NUMBER: 02821486)

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

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 3,751 52,536 44,650 20,445 121,382
Additions - - 14,890 1,309 16,199
At 31 December 2023 3,751 52,536 59,540 21,754 137,581
DEPRECIATION
At 1 January 2023 3,751 51,611 13,935 20,445 89,742
Charge for year - 231 11,402 432 12,065
At 31 December 2023 3,751 51,842 25,337 20,877 101,807
NET BOOK VALUE
At 31 December 2023 - 694 34,203 877 35,774
At 31 December 2022 - 925 30,715 - 31,640

5. STOCKS
2023 2022
£    £   
Stocks 154,903 201,264

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 103,898 120,247
Other debtors 995,833 772,484
Prepayments 5,036 4,068
1,104,767 896,799

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 242,701 228,455
Corporation Tax 46,354 45,220
Social security and other taxes 5,690 4,989
VAT 19,975 11,203
Other creditors 1,151 -
Directors' current accounts 36,347 33,700
Accrued expenses 3,350 3,250
365,568 336,817

AUTOZONE LIMITED (REGISTERED NUMBER: 02821486)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 15,278 25,278

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,278 15,278

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,027 383

Deferred
tax
£   
Balance at 1 January 2023 383
Provided during year 1,644
Balance at 31 December 2023 2,027

11. RESERVES
Retained
earnings
£   

At 1 January 2023 1,190,277
Profit for the year 154,522
Dividends (1,000 )
At 31 December 2023 1,343,799

AUTOZONE LIMITED (REGISTERED NUMBER: 02821486)

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

12. RELATED PARTY DISCLOSURES

Mrs Sanyogta Najran is also the director and has controlling interest in Springhill Properties (Birmingham) Limited, a company registered in England and Wales with registration number 4556375.

The company has given a loan to an associated company, Springhill Properties (Birmingham) Limited. The total amount outstanding as at 31 December 2023 was £495,070.81 (2022 - £495,070.81).