REGISTERED NUMBER: |
Financial Statements for the Period 3 April 2023 to 31 March 2024 |
for |
AVTO Investments Too Limited |
REGISTERED NUMBER: |
Financial Statements for the Period 3 April 2023 to 31 March 2024 |
for |
AVTO Investments Too Limited |
AVTO Investments Too Limited (Registered number: 14775312) |
Contents of the Financial Statements |
for the Period 3 April 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
AVTO Investments Too Limited |
Company Information |
for the Period 3 April 2023 to 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants & |
Statutory Auditors |
3rd Floor |
56 Wellington Street |
Leeds |
West Yorkshire |
LS1 2EE |
AVTO Investments Too Limited (Registered number: 14775312) |
Balance Sheet |
31 March 2024 |
Notes | £ |
CURRENT ASSETS |
Cash in hand |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
SHAREHOLDERS' FUNDS |
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 |
AVTO Investments Too Limited (Registered number: 14775312) |
Notes to the Financial Statements |
for the Period 3 April 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
AVTO Investments Too Limited is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period 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 period 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 Too Limited (Registered number: 14775312) |
Notes to the Financial Statements - continued |
for the Period 3 April 2023 to 31 March 2024 |
3. | ACCOUNTING POLICIES - continued |
Finance |
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 period was |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
Disposals | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
6. | CALLED UP SHARE CAPITAL |
Share capital of £4,300,001 was issued during the year at nominal value of £1 per share. |
There was a share reduction in the year as a result of which share capital was reduced by £4,299,041. |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
The audit report was signed on 13 September 2024. |
AVTO Investments Too Limited (Registered number: 14775312) |
Notes to the Financial Statements - continued |
for the Period 3 April 2023 to 31 March 2024 |
8. | 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. |