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REGISTERED NUMBER: 05381373 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AUTOPOT (GLOBAL) LIMITED

AUTOPOT (GLOBAL) LIMITED (REGISTERED NUMBER: 05381373)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUTOPOT (GLOBAL) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: Mr J S Ralph-Smith





REGISTERED OFFICE: Unit 5
108 Hawley Lane
Farnborough
Hampshire
GU14 8JE





REGISTERED NUMBER: 05381373 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

AUTOPOT (GLOBAL) LIMITED (REGISTERED NUMBER: 05381373)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 309,439 272,473

CURRENT ASSETS
Stocks 5 341,366 391,101
Debtors 6 2,064,560 1,153,950
Cash at bank 901,899 1,871,086
3,307,825 3,416,137
CREDITORS
Amounts falling due within one year 7 383,720 535,481
NET CURRENT ASSETS 2,924,105 2,880,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,233,544

3,153,129

PROVISIONS FOR LIABILITIES 8 15,105 65,557
NET ASSETS 3,218,439 3,087,572

CAPITAL AND RESERVES
Called up share capital 9 90 100
Capital redemption reserve 10 -
Retained earnings 3,218,339 3,087,472
SHAREHOLDERS' FUNDS 3,218,439 3,087,572

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.

AUTOPOT (GLOBAL) LIMITED (REGISTERED NUMBER: 05381373)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





Mr J S Ralph-Smith - Director


AUTOPOT (GLOBAL) LIMITED (REGISTERED NUMBER: 05381373)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

AutoPot (Global) 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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 - 5% on cost
Furniture, fittings and equipment - at varying rates on cost
Motor vehicles - 20% on cost

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 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 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.

AUTOPOT (GLOBAL) LIMITED (REGISTERED NUMBER: 05381373)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Furniture,
fittings
Plant and and Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2023 381,372 246,130 7,450 634,952
Additions 45,648 16,231 - 61,879
At 31 December 2023 427,020 262,361 7,450 696,831
DEPRECIATION
At 1 January 2023 123,836 232,385 6,258 362,479
Charge for year 20,508 3,213 1,192 24,913
At 31 December 2023 144,344 235,598 7,450 387,392
NET BOOK VALUE
At 31 December 2023 282,676 26,763 - 309,439
At 31 December 2022 257,536 13,745 1,192 272,473

5. STOCKS
2023 2022
£    £   
Stocks 341,366 391,101

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 242,454 219,332
Other debtors 1,822,106 934,618
2,064,560 1,153,950

AUTOPOT (GLOBAL) LIMITED (REGISTERED NUMBER: 05381373)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 287,047 218,007
Taxation and social security 19,234 10,965
Other creditors 77,439 306,509
383,720 535,481

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 15,105 65,557

Deferred
tax
£   
Balance at 1 January 2023 65,557
Credit to Income Statement during year (50,452 )
Balance at 31 December 2023 15,105

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 Ordinary £1 90 100

On 28th September 2023, the company repurchased 10x Ordinary shares of £1 each for total consideration of £165,000. The shares were cancelled on the same day.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr J S Ralph-Smith
Balance outstanding at start of year 98,514 169,041
Amounts advanced 118,072 98,514
Amounts repaid (98,514 ) (169,041 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 118,072 98,514

AUTOPOT (GLOBAL) LIMITED (REGISTERED NUMBER: 05381373)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

11. RELATED PARTY DISCLOSURES

At 31st December 2023 there was a debtor balance of £1,432,766 (2022 : £453,280) owing from Jason Ralph-Smith Associates Ltd, a company under common control.

At 31st December 2023 there was a debtor balance of £140,000 (2022 : £140,000) owing from Flexi-tank (Global) Ltd, a company under common control.

At 31st December 2023 there was a debtor balance of £100,111 (2022 : £100,000) owing from The Source Fertiliser Ltd, a company under common control.