IRIS Accounts Production v24.2.0.383 06042843 Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060428432023-01-31060428432024-01-31060428432023-02-012024-01-31060428432022-01-31060428432022-02-012023-01-31060428432023-01-3106042843ns15:EnglandWales2023-02-012024-01-3106042843ns14:PoundSterling2023-02-012024-01-3106042843ns10:Director12023-02-012024-01-3106042843ns10:Director22023-02-012024-01-3106042843ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106042843ns10:SmallEntities2023-02-012024-01-3106042843ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106042843ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106042843ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106042843ns10:FullAccounts2023-02-012024-01-310604284312023-02-012024-01-3106042843ns5:CurrentFinancialInstruments2024-01-3106042843ns5:CurrentFinancialInstruments2023-01-3106042843ns5:Non-currentFinancialInstruments2024-01-3106042843ns5:Non-currentFinancialInstruments2023-01-3106042843ns5:ShareCapital2024-01-3106042843ns5:ShareCapital2023-01-3106042843ns5:RetainedEarningsAccumulatedLosses2024-01-3106042843ns5:RetainedEarningsAccumulatedLosses2023-01-3106042843ns10:RegisteredOffice2023-02-012024-01-3106042843ns5:NetGoodwill2023-02-012024-01-3106042843ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3106042843ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-02-012024-01-3106042843ns5:LeaseholdImprovements2023-02-012024-01-3106042843ns5:PlantMachinery2023-02-012024-01-3106042843ns5:FurnitureFittings2023-02-012024-01-3106042843ns5:MotorVehicles2023-02-012024-01-3106042843ns5:ComputerEquipment2023-02-012024-01-3106042843ns5:NetGoodwill2023-01-3106042843ns5:NetGoodwill2024-01-3106042843ns5:NetGoodwill2023-01-3106042843ns5:LandBuildings2023-01-3106042843ns5:LeaseholdImprovements2023-01-3106042843ns5:PlantMachinery2023-01-3106042843ns5:LandBuildings2023-02-012024-01-3106042843ns5:LandBuildings2024-01-3106042843ns5:LeaseholdImprovements2024-01-3106042843ns5:PlantMachinery2024-01-3106042843ns5:LandBuildings2023-01-3106042843ns5:LeaseholdImprovements2023-01-3106042843ns5:PlantMachinery2023-01-3106042843ns5:FurnitureFittings2023-01-3106042843ns5:MotorVehicles2023-01-3106042843ns5:ComputerEquipment2023-01-3106042843ns5:FurnitureFittings2024-01-3106042843ns5:MotorVehicles2024-01-3106042843ns5:ComputerEquipment2024-01-3106042843ns5:FurnitureFittings2023-01-3106042843ns5:MotorVehicles2023-01-3106042843ns5:ComputerEquipment2023-01-3106042843ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3106042843ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-012024-01-3106042843ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3106042843ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3106042843ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3106042843ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3106042843ns5:Secured2024-01-3106042843ns5:Secured2023-01-3106042843ns10:Director222023-01-3106042843ns10:Director222022-01-3106042843ns10:Director222023-02-012024-01-3106042843ns10:Director222022-02-012023-01-3106042843ns10:Director222024-01-3106042843ns10:Director222023-01-31
REGISTERED NUMBER: 06042843 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

A A Silencers Limited

A A Silencers Limited (Registered number: 06042843)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


A A Silencers Limited (Registered number: 06042843)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 576,081 571,876
576,081 571,876

CURRENT ASSETS
Stocks 6 26,700 25,500
Debtors 7 68,446 79,515
Cash at bank and in hand 324,965 68,571
420,111 173,586
CREDITORS
Amounts falling due within one year 8 411,547 354,108
NET CURRENT ASSETS/(LIABILITIES) 8,564 (180,522 )
TOTAL ASSETS LESS CURRENT LIABILITIES 584,645 391,354

CREDITORS
Amounts falling due after more than one year 9 (213,102 ) (78,667 )

PROVISIONS FOR LIABILITIES (60,354 ) (58,598 )
NET ASSETS 311,189 254,089

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 310,889 253,789
SHAREHOLDERS' FUNDS 311,189 254,089

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.

A A Silencers Limited (Registered number: 06042843)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:




Mr S L Grocott - Director



Mr J T A Z Grocott - Director


A A Silencers Limited (Registered number: 06042843)

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

1. STATUTORY INFORMATION

A A Silencers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06042843

Registered office: Grosvenor Garage
Tean Road
Cheadle
Stoke-on-Trent
Staffordshire
ST10 1LQ

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 represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied.

Goodwill
Goodwill has been fully amortised.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - NIL % per annum
Improvements to property - 15% on reducing balance
Tools and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 Profit and Loss Account, 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.


A A Silencers Limited (Registered number: 06042843)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 36,000
AMORTISATION
At 1 February 2023
and 31 January 2024 36,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

A A Silencers Limited (Registered number: 06042843)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Tools and
property property equipment
£    £    £   
COST
At 1 February 2023 247,612 197,347 318,182
Additions - 11,741 32,722
Disposals - - -
At 31 January 2024 247,612 209,088 350,904
DEPRECIATION
At 1 February 2023 - 117,939 156,712
Charge for year - 13,672 29,129
Eliminated on disposal - - -
At 31 January 2024 - 131,611 185,841
NET BOOK VALUE
At 31 January 2024 247,612 77,477 165,063
At 31 January 2023 247,612 79,408 161,470

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 37,798 147,244 25,459 973,642
Additions 504 66,886 2,195 114,048
Disposals - (46,805 ) - (46,805 )
At 31 January 2024 38,302 167,325 27,654 1,040,885
DEPRECIATION
At 1 February 2023 26,726 80,191 20,198 401,766
Charge for year 1,736 23,696 2,461 70,694
Eliminated on disposal - (7,656 ) - (7,656 )
At 31 January 2024 28,462 96,231 22,659 464,804
NET BOOK VALUE
At 31 January 2024 9,840 71,094 4,995 576,081
At 31 January 2023 11,072 67,053 5,261 571,876

A A Silencers Limited (Registered number: 06042843)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 15,163
DEPRECIATION
At 1 February 2023 8,766
Charge for year 1,599
At 31 January 2024 10,365
NET BOOK VALUE
At 31 January 2024 4,798
At 31 January 2023 6,397

6. STOCKS
2024 2023
£    £   
Stocks 26,700 25,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,164 17,890
Other debtors 52,282 61,625
68,446 79,515

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,155 31,046
Hire purchase contracts 2,806 3,741
Trade creditors 215,693 228,197
Taxation and social security 136,502 83,585
Other creditors 34,391 7,539
411,547 354,108

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 42,744 64,939
Hire purchase contracts - 2,806
Other creditors 170,358 10,922
213,102 78,667

A A Silencers Limited (Registered number: 06042843)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 21,429 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 64,899 95,985
Hire purchase contracts 2,806 6,547
67,705 102,532

Hire purchase liabilities are secured on the assets to which they relate.

There is a standard fixed and floating charge to secure bank loans on the assets and undertaking of the company.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr J T A Z Grocott
Balance outstanding at start of year (45 ) 83,462
Amounts advanced 45 221,372
Amounts repaid - (304,879 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (45 )