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REGISTERED NUMBER: 03862655 (England and Wales)








































Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Autogauge Limited

Autogauge Limited (Registered number: 03862655)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


Autogauge Limited (Registered number: 03862655)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 187,778 187,778

CURRENT ASSETS
Cash at bank 29 13

CREDITORS
Amounts falling due within one year 5 123,456 123,366
NET CURRENT LIABILITIES (123,427 ) (123,353 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,351

64,425

CAPITAL AND RESERVES
Called up share capital 6 311 311
Capital redemption reserve 7 37,480 37,480
Retained earnings 7 26,560 26,634
SHAREHOLDERS' FUNDS 64,351 64,425

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

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

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 25 September 2024 and were signed on its behalf by:




Mr R J England - Director


Autogauge Limited (Registered number: 03862655)

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


1. STATUTORY INFORMATION

Autogauge 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: 03862655

Registered office: Unit 1 Comtech Park
Manchester Road
Westhoughton
Bolton
Lancashire
BL5 3QY

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.

Statement of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments in subsidiaries
Investments in equity shares which are publicly traded or where the fair value can be measured reliably and initially measured at fair value, with changes in fair value recognised in profit and loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital
Ordinary shares are classified as equity. Equity investments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial investment measurement is on a present value basis.


Autogauge Limited (Registered number: 03862655)

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


2. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Autogauge Limited (Registered number: 03862655)

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


4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2023
and 31 March 2024 187,778
NET BOOK VALUE
At 31 March 2024 187,778
At 31 March 2023 187,778

The company's investments at the Balance Sheet date in the share capital of companies include the following:

H.A. England (Engineers) Limited
Registered office: Unit 1 Comtech Park, Manchester Road, Westhoughton, Bolton, Lancashire, BL5 3QY
Nature of business: general mechanical engineering.
%
Class of shares: holding
Ordinary 100.00

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 118,477 118,461
Other creditors 4,660 4,660
Directors' current accounts 319 245
123,456 123,366

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary A £1 200 200
111 Ordinary B £1 111 111
311 311

Autogauge Limited (Registered number: 03862655)

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


7. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 26,634 37,480 64,114
Profit for the year 106,476 106,476
Dividends (106,550 ) (106,550 )
At 31 March 2024 26,560 37,480 64,040

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the directors the sum of £319 (2023: £245).

Dividends paid during the year amounted to £106,550 (2023: £115,440).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the Board of Directors.