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REGISTERED NUMBER: 04302781 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Auto-Charge (UK) Limited

Auto-Charge (UK) Limited (Registered number: 04302781)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Auto-Charge (UK) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr J Boyes
Miss F R Collins





SECRETARY: Mrs. J A Boyes





REGISTERED OFFICE: Unit 3 Whitehall Court
Whitehall Park
Leeds
West Yorkshire
LS12 5SN





REGISTERED NUMBER: 04302781 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Auto-Charge (UK) Limited (Registered number: 04302781)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 42,835 46,151
42,835 46,151

CURRENT ASSETS
Stocks 6 1,498,817 1,521,642
Debtors 7 1,038,509 1,130,742
Cash at bank 7 240,703
2,537,333 2,893,087
CREDITORS
Amounts falling due within one year 8 994,782 1,244,459
NET CURRENT ASSETS 1,542,551 1,648,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,585,386

1,694,779

PROVISIONS FOR LIABILITIES 8,139 8,769
NET ASSETS 1,577,247 1,686,010

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,576,247 1,685,010
SHAREHOLDERS' FUNDS 1,577,247 1,686,010

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

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

The directors acknowledge their 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-Charge (UK) Limited (Registered number: 04302781)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





Mr J Boyes - Director


Auto-Charge (UK) Limited (Registered number: 04302781)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Auto-Charge (UK) 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 2002, is being amortised evenly over its estimated useful life of five 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.
Short leasehold - 5% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 33% 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 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.

Auto-Charge (UK) Limited (Registered number: 04302781)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 February 2023
and 31 January 2024 7,500
AMORTISATION
At 1 February 2023
and 31 January 2024 7,500
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 February 2023 14,095 52,124 71,516 47,500 185,235
Additions - - 6,938 - 6,938
At 31 January 2024 14,095 52,124 78,454 47,500 192,173
DEPRECIATION
At 1 February 2023 14,095 37,019 58,362 29,608 139,084
Charge for year - 2,265 3,516 4,473 10,254
At 31 January 2024 14,095 39,284 61,878 34,081 149,338
NET BOOK VALUE
At 31 January 2024 - 12,840 16,576 13,419 42,835
At 31 January 2023 - 15,105 13,154 17,892 46,151

6. STOCKS
31.1.24 31.1.23
£ £
Stocks 1,498,817 1,521,642

Auto-Charge (UK) Limited (Registered number: 04302781)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Trade debtors 801,887 967,724
Other debtors 37,500 32,500
Directors' loan accounts 98,745 99,157
Prepayments 100,377 31,361
1,038,509 1,130,742

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Bank loans and overdrafts (see note 9) 19,604 -
Trade creditors 943,286 1,053,340
Tax - 48,122
Social security and other tax 6,249 7,351
Pension liability - 2,076
VAT 16,495 126,676
Accrued expenses 9,148 6,894
994,782 1,244,459

9. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 19,604 -

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£ £
Within one year 67,571 25,272
Between one and five years 259,740 2,636
327,311 27,908

11. OFF-BALANCE SHEET ARRANGEMENTS

The company has operating leases with the total amount payable, at the balance sheet date, of £2,636 (2022 - £27,908).

Auto-Charge (UK) Limited (Registered number: 04302781)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2024:

31.1.2431.1.23
££
Director 1
Balance outstanding at start of year99,158100,787
Amounts advanced104,521105,607
Amounts repaid(104,934)(107,235)
Balance outstanding at end of year98,74599,158