IRIS Accounts Production v24.2.0.383 01556190 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015561902023-04-30015561902024-04-30015561902023-05-012024-04-30015561902022-04-30015561902022-05-012023-04-30015561902023-04-3001556190ns15:EnglandWales2023-05-012024-04-3001556190ns14:PoundSterling2023-05-012024-04-3001556190ns10:Director12023-05-012024-04-3001556190ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3001556190ns10:SmallEntities2023-05-012024-04-3001556190ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3001556190ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3001556190ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3001556190ns10:FullAccounts2023-05-012024-04-3001556190ns10:OrdinaryShareClass22023-05-012024-04-3001556190ns10:OrdinaryShareClass32023-05-012024-04-3001556190ns10:OrdinaryShareClass42023-05-012024-04-3001556190ns10:Director22023-05-012024-04-3001556190ns10:CompanySecretary12023-05-012024-04-3001556190ns10:RegisteredOffice2023-05-012024-04-3001556190ns5:CurrentFinancialInstruments2024-04-3001556190ns5:CurrentFinancialInstruments2023-04-3001556190ns5:ShareCapital2024-04-3001556190ns5:ShareCapital2023-04-3001556190ns5:CapitalRedemptionReserve2024-04-3001556190ns5:CapitalRedemptionReserve2023-04-3001556190ns5:RetainedEarningsAccumulatedLosses2024-04-3001556190ns5:RetainedEarningsAccumulatedLosses2023-04-3001556190ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-05-012024-04-3001556190ns5:PlantMachinery2023-05-012024-04-3001556190ns5:MotorVehicles2023-05-012024-04-3001556190ns5:LandBuildings2023-04-3001556190ns5:PlantMachinery2023-04-3001556190ns5:MotorVehicles2023-04-3001556190ns5:LandBuildings2023-05-012024-04-3001556190ns5:LandBuildings2024-04-3001556190ns5:PlantMachinery2024-04-3001556190ns5:MotorVehicles2024-04-3001556190ns5:LandBuildings2023-04-3001556190ns5:PlantMachinery2023-04-3001556190ns5:MotorVehicles2023-04-3001556190ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3001556190ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3001556190ns10:OrdinaryShareClass22024-04-3001556190ns10:OrdinaryShareClass32024-04-3001556190ns10:OrdinaryShareClass42024-04-30
REGISTERED NUMBER: 01556190 (England and Wales)





















NORTHANTS AUTO PARTS & SERVICE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






NORTHANTS AUTO PARTS & SERVICE LIMITED (REGISTERED NUMBER: 01556190)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


NORTHANTS AUTO PARTS & SERVICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: C D Boyson
Mrs P Boyson





SECRETARY: Mrs P Boyson





REGISTERED OFFICE: Harvey Reeves Road
St James Mill Road
Northampton
Northamptonshire
NN5 5JR





REGISTERED NUMBER: 01556190 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

NORTHANTS AUTO PARTS & SERVICE LIMITED (REGISTERED NUMBER: 01556190)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,135 140,329

CURRENT ASSETS
Stocks 302,674 366,272
Debtors 5 345,354 329,542
Cash at bank and in hand 917,807 839,193
1,565,835 1,535,007
CREDITORS
Amounts falling due within one year 6 172,663 155,794
NET CURRENT ASSETS 1,393,172 1,379,213
TOTAL ASSETS LESS CURRENT LIABILITIES 1,554,307 1,519,542

PROVISIONS FOR LIABILITIES 4,987 3,630
NET ASSETS 1,549,320 1,515,912

CAPITAL AND RESERVES
Called up share capital 7 90 90
Capital redemption reserve 9,350 9,350
Retained earnings 1,539,880 1,506,472
SHAREHOLDERS' FUNDS 1,549,320 1,515,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

NORTHANTS AUTO PARTS & SERVICE LIMITED (REGISTERED NUMBER: 01556190)

BALANCE SHEET - continued
30 APRIL 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





C D Boyson - Director


NORTHANTS AUTO PARTS & SERVICE LIMITED (REGISTERED NUMBER: 01556190)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Northants Auto Parts & Service 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.
Land and buildings freehold - 2.5% on cost
Fixtures, fittings and equipment - 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 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.

NORTHANTS AUTO PARTS & SERVICE LIMITED (REGISTERED NUMBER: 01556190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income,

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Land and fittings
buildings and Motor
freehold equipment vehicles Totals
£    £    £    £   
COST
At 1 May 2023 245,499 101,256 61,588 408,343
Additions - 19,716 20,730 40,446
Disposals - - (25,983 ) (25,983 )
At 30 April 2024 245,499 120,972 56,335 422,806
DEPRECIATION
At 1 May 2023 138,642 81,470 47,902 268,014
Charge for year 4,910 2,553 3,957 11,420
Eliminated on disposal - - (17,763 ) (17,763 )
At 30 April 2024 143,552 84,023 34,096 261,671
NET BOOK VALUE
At 30 April 2024 101,947 36,949 22,239 161,135
At 30 April 2023 106,857 19,786 13,686 140,329

NORTHANTS AUTO PARTS & SERVICE LIMITED (REGISTERED NUMBER: 01556190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 344,936 329,542
Other debtors 418 -
345,354 329,542

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 76,723 69,233
Corporation tax 52,831 27,615
Social security and other taxes 8,146 10,955
VAT 29,552 42,272
Directors' current accounts 450 450
Accruals and deferred income 4,961 5,269
172,663 155,794

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
43 A Ordinary £1 43 43
42 B Ordinary £1 42 42
5 C Ordinary £1 5 5
90 90