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
AUTOBARN MOTOR COMPANY LTD
Company Information
for the year ended 31 July 2024
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
AUTOBARN MOTOR COMPANY LTD
Statement of financial position
as at 31 July 2024
Tangible assets
28,387
7,080
Inventories
310,625
240,289
Cash at bank and in hand
79,891
75,253
Creditors: amounts falling due within one year
(349,540)
(306,132)
Net current assets
41,010
9,410
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
AUTOBARN MOTOR COMPANY LTD
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Amounts falling due within one year
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
Taxes and social security
13,322
2,442
Other creditors
205,411
13,695
Loans from directors
116,659
263,966
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Average number of employees
During the year the average number of employees was 3 (2023: 3).