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REGISTERED NUMBER: 13805790 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

AVTO Investments Limited

AVTO Investments Limited (Registered number: 13805790)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AVTO Investments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T A Sadler
Mrs A E Sadler
Ms H R E Duczenko





REGISTERED OFFICE: Ashleigh House
Beckbridge Road
Normanton
WF6 1TE





REGISTERED NUMBER: 13805790 (England and Wales)





AUDITORS: CLA Evelyn Partners Limited
Chartered Accountants &
Statutory Auditors
3rd Floor
56 Wellington Street
Leeds
West Yorkshire
LS1 2EE

AVTO Investments Limited (Registered number: 13805790)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 4,351,498 4,217,154
Cash at bank 101,046 167,462
4,452,544 4,384,616
CREDITORS
Amounts falling due within one year 6 20,941 316,578
NET CURRENT ASSETS 4,431,603 4,068,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,431,603

4,068,038

CAPITAL AND RESERVES
Called up share capital 7 4,300,001 4,000,000
Retained earnings 131,602 68,038
SHAREHOLDERS' FUNDS 4,431,603 4,068,038

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 4 September 2024 and were signed on its behalf by:





T A Sadler - Director


AVTO Investments Limited (Registered number: 13805790)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

AVTO Investments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget in making their assessment. Based on these assessments and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

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.

AVTO Investments Limited (Registered number: 13805790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Finance costs
Finance costs are charged to the statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged at a constant rate on the carrying amount.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Interest income
Interest income is recognised in the statement of comprehensive income using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 50,000 -
Other debtors 4,301,498 4,217,154
4,351,498 4,217,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 3,126 300,613
Taxation and social security 17,815 15,965
20,941 316,578

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,300,000 Ordinary £1 4,300,000 4,000,000
1 Preference £1 1 -
4,300,001 4,000,000

AVTO Investments Limited (Registered number: 13805790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Barton BA (Hons) FCA CTA (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited

The audit report was signed on 13 September 2024.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the period end there is a balance of £NIL owed by the directors. The maximum outstanding balance during the year was £4,301,497. The loan was unsecured and interest charged.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included within debtors is a balance of £4,301,498 (2023: £NIL) owed by a related company. The two companies are related because of common ownership and management.

No further transactions with related parties took place as are required to be reported under FRS 102.

11. ULTIMATE CONTROLLING PARTY

The Company's parent undertaking is AVTO Holdings Limited, a company registered in England and Wales. Copies of the accounts of AVTO Holdings Limited may be obtained from the registered office at Ashleigh House, Beckbridge Road, Normanton Industrial Estate, Normanton, West Yorkshire, WF6 1TE.