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REGISTERED NUMBER: 07940474 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

AUTOCOLOUR SERVICES TEWKESBURY LIMITED

AUTOCOLOUR SERVICES TEWKESBURY LIMITED (REGISTERED NUMBER: 07940474)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


AUTOCOLOUR SERVICES TEWKESBURY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T J Peirce





SECRETARY: Mrs C F Peirce





REGISTERED OFFICE: Unit 31
Northway Lane
Newtown Trading Estate
Tewkesbury
Gloucestershire
GL20 8JG





REGISTERED NUMBER: 07940474 (England and Wales)





ACCOUNTANTS: BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

AUTOCOLOUR SERVICES TEWKESBURY LIMITED (REGISTERED NUMBER: 07940474)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 93,127 63,071

CURRENT ASSETS
Stocks 6,560 9,000
Debtors 66,655 57,571
Cash at bank 52,964 83,036
126,179 149,607
CREDITORS
Amounts falling due within one year (131,086 ) (124,987 )
NET CURRENT (LIABILITIES)/ASSETS (4,907 ) 24,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,220

87,691

PROVISIONS FOR LIABILITIES (16,299 ) (15,475 )
NET ASSETS 71,921 72,216

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 71,821 72,116
SHAREHOLDERS' FUNDS 71,921 72,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AUTOCOLOUR SERVICES TEWKESBURY LIMITED (REGISTERED NUMBER: 07940474)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2024 and were signed by:





T J Peirce - Director


AUTOCOLOUR SERVICES TEWKESBURY LIMITED (REGISTERED NUMBER: 07940474)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Autocolour Services Tewkesbury 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

AUTOCOLOUR SERVICES TEWKESBURY LIMITED (REGISTERED NUMBER: 07940474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 129,496
Additions 41,163
At 31 March 2024 170,659
DEPRECIATION
At 1 April 2023 66,425
Charge for year 11,107
At 31 March 2024 77,532
NET BOOK VALUE
At 31 March 2024 93,127
At 31 March 2023 63,071

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary A £1 50 50
40 Ordinary B £1 40 40
10 Ordinary C £1 10 10
100 100

6. RELATED PARTY DISCLOSURES

T J Peirce
Director and shareholder


In a previous accounting period Mr T J and Mrs C Pierce lent the company £44,631 on an unsecured basis, repayable on demand.During the year, the company repaid the directors £3,288.

31.3.24 31.3.23
£    £   
Amount due to related party at the balance sheet date 41,343 44,631