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REGISTERED NUMBER: 06013856 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Auto Solutions (GB) Limited

Auto Solutions (GB) Limited (Registered number: 06013856)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


Auto Solutions (GB) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Melling





REGISTERED OFFICE: Broadwaters House
285 Stourbridge Road
Kidderminster
Worcestershire
DY10 2XN





REGISTERED NUMBER: 06013856 (England and Wales)





ACCOUNTANTS: Taylor Hobbs
Cherry Tree Barn
Walcot Lane
Drakes Broughton
Pershore
Worcestershire
WR10 2AL

Auto Solutions (GB) Limited (Registered number: 06013856)

Report of the Director
for the Year Ended 31 December 2023

The director presents his report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of automotive paint work.

DIRECTOR
D Melling held office during the whole of the period from 1 January 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Melling - Director


23 September 2024

Auto Solutions (GB) Limited (Registered number: 06013856)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,710 15,000
9,710 15,000

CURRENT ASSETS
Stocks 450 450
Debtors 6 14,603 11,927
Cash at bank - 1,912
15,053 14,289
CREDITORS
Amounts falling due within one year 7 31,096 31,973
NET CURRENT LIABILITIES (16,043 ) (17,684 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,333

)

(2,684

)

CREDITORS
Amounts falling due after more than one year 8 (2,778 ) (9,444 )

PROVISIONS FOR LIABILITIES (1,085 ) (759 )
NET LIABILITIES (10,196 ) (12,887 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,296 ) (12,987 )
SHAREHOLDERS' FUNDS (10,196 ) (12,887 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Auto Solutions (GB) Limited (Registered number: 06013856)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





D Melling - Director


Auto Solutions (GB) Limited (Registered number: 06013856)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Auto Solutions (GB) 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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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 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.

Auto Solutions (GB) Limited (Registered number: 06013856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The director has given an undertaking to support the company until it returns to a net assets position. He considers that it is appropriate to prepare the accounts on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 5,356
AMORTISATION
At 1 January 2023
and 31 December 2023 5,356
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Auto Solutions (GB) Limited (Registered number: 06013856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 24,910 26,750 51,660
Additions 2,171 - 2,171
Disposals - (13,250 ) (13,250 )
At 31 December 2023 27,081 13,500 40,581
DEPRECIATION
At 1 January 2023 16,851 19,809 36,660
Charge for year 1,534 337 1,871
Eliminated on disposal - (7,660 ) (7,660 )
At 31 December 2023 18,385 12,486 30,871
NET BOOK VALUE
At 31 December 2023 8,696 1,014 9,710
At 31 December 2022 8,059 6,941 15,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 11,280 10,524
Other debtors 3,323 1,403
14,603 11,927

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 11,131 6,667
Trade creditors 3,605 1,179
Taxation and social security 15,313 14,077
Other creditors 1,047 10,050
31,096 31,973

The Company took out a CBILs Loan of £30,000 on 11th May 2020, repayable over a six year term with an interest rate of Base plus 3.4%. There is automatically a six month period with no repayments or interest and the Business Interruption payment of £1,115, is payable by the government. Included within creditors due within 1 year is an amount of £6,667. Repayments of £555 plus interest commenced in December 2020.

Auto Solutions (GB) Limited (Registered number: 06013856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 2,778 9,444

The Company took out a CBILs Loan of £30,000 on 11th May 2020, repayable over a six year term with an interest rate of Base plus 3.4%. There is automatically one year with no repayments or interest and the Business Interruption payment of £1,115, is payable by the government. Included within creditors due after more than 1 year is an amount of £2,778. Repayments of £555 plus interest commenced in December 2020.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the end of the financial year, the amount owed to the Company by the Director was £2,209 (2022 - £9078 was owed to the Director).