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REGISTERED NUMBER: 06646306 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Automotive Security Limited

Automotive Security Limited (Registered number: 06646306)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Automotive Security Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: D J Briggs
Ms J M Briggs





REGISTERED OFFICE: 29 Creek Road
Port Solent
Hayling Island
PO11 9QZ





REGISTERED NUMBER: 06646306 (England and Wales)





ACCOUNTANTS: Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ

Automotive Security Limited (Registered number: 06646306)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38 38
Tangible assets 5 36,671 45,839
36,709 45,877

CURRENT ASSETS
Stocks 11,250 11,750
Debtors 6 7,135 10,597
Cash at bank and in hand 18,324 4,405
36,709 26,752
CREDITORS
Amounts falling due within one year 7 29,589 20,880
NET CURRENT ASSETS 7,120 5,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,829

51,749

CREDITORS
Amounts falling due after more than
one year

8

(14,667

)

(22,757

)

PROVISIONS FOR LIABILITIES (6,566 ) (8,282 )
NET ASSETS 22,596 20,710

Automotive Security Limited (Registered number: 06646306)

Balance Sheet - continued
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 22,594 20,708
SHAREHOLDERS' FUNDS 22,596 20,710

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 October 2024 and were signed on its behalf by:





D J Briggs - Director


Automotive Security Limited (Registered number: 06646306)

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

1. STATUTORY INFORMATION

Automotive Security 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 2008, 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.

Know How are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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.


Automotive Security Limited (Registered number: 06646306)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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
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 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Know How Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 30,043 37 30,080
AMORTISATION
At 1 August 2023
and 31 July 2024 30,042 - 30,042
NET BOOK VALUE
At 31 July 2024 1 37 38
At 31 July 2023 1 37 38

Automotive Security Limited (Registered number: 06646306)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 July 2024 2,217 1,094 24,672 90,580 118,563
DEPRECIATION
At 1 August 2023 2,215 896 7,707 61,906 72,724
Charge for year - 40 3,393 5,735 9,168
At 31 July 2024 2,215 936 11,100 67,641 81,892
NET BOOK VALUE
At 31 July 2024 2 158 13,572 22,939 36,671
At 31 July 2023 2 198 16,965 28,674 45,839

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 7,135 7,887
Other debtors - 2,710
7,135 10,597

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 4,431 7,032
Taxation and social security 14,175 8,436
Other creditors 10,983 5,412
29,589 20,880

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 14,667 22,757

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,667 22,757

Automotive Security Limited (Registered number: 06646306)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 August 2023 20,708
Profit for the year 11,886
Dividends (10,000 )
At 31 July 2024 22,594

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is is the director, D Briggs.

Automotive Security Limited

Report of the Accountants to the Directors of
Automotive Security Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ


21 October 2024