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Company Registration No. 14247163 (England and Wales)
AUTOBARN MOTOR COMPANY LTD Management Accounts for the year ended 31 July 2024
AUTOBARN MOTOR COMPANY LTD Management Accounts Contents
Page
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AUTOBARN MOTOR COMPANY LTD Company Information for the year ended 31 July 2024
Director
Sahd Bin AJMAL
Company Number
14247163 (England and Wales)
Registered Office
21 EDGE END AVENUE BRIERFIELD NELSON LANCASHIRE BB9 0PN ENGLAND
Accountants
AWS Chartered Certified Accountants The Mosses Community Centre Cecil Street Bury BL9 0SB
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AUTOBARN MOTOR COMPANY LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,387 
7,080 
Current assets
Inventories
310,625 
240,289 
Debtors
34 
- 
Cash at bank and in hand
79,891 
75,253 
390,550 
315,542 
Creditors: amounts falling due within one year
(349,540)
(306,132)
Net current assets
41,010 
9,410 
Net assets
69,397 
16,490 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
69,297 
16,390 
Shareholders' funds
69,397 
16,490 
For the year ending 31 July 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 13 September 2024 and were signed on its behalf by
Sahd Bin AJMAL Director Company Registration No. 14247163
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AUTOBARN MOTOR COMPANY LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
AUTOBARN MOTOR COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 14247163. The registered office is 21 EDGE END AVENUE, BRIERFIELD, NELSON, LANCASHIRE, BB9 0PN, ENGLAND.
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:
Plant & machinery
20% on reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
8,850 
Additions
28,404 
At 31 July 2024
37,254 
Depreciation
At 1 August 2023
1,770 
Charge for the year
7,097 
At 31 July 2024
8,867 
Net book value
At 31 July 2024
28,387 
At 31 July 2023
7,080 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
34 
- 
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AUTOBARN MOTOR COMPANY LTD Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,148 
26,029 
Taxes and social security
13,322 
2,442 
Other creditors
205,411 
13,695 
Loans from directors
116,659 
263,966 
349,540 
306,132 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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