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REGISTERED NUMBER: 11779866 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

AUTOCURE REPAIRS AND DIAGNOSTICS LTD

AUTOCURE REPAIRS AND DIAGNOSTICS LTD (REGISTERED NUMBER: 11779866)






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


AUTOCURE REPAIRS AND DIAGNOSTICS LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S Forest
C Jay





REGISTERED OFFICE: 3 Carrera House
Merlin Centre
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP





REGISTERED NUMBER: 11779866 (England and Wales)





ACCOUNTANTS: Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA

AUTOCURE REPAIRS AND DIAGNOSTICS LTD (REGISTERED NUMBER: 11779866)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,042 33,863

CURRENT ASSETS
Debtors 5 83,020 147,714
Cash at bank 60,401 71,915
143,421 219,629
CREDITORS
Amounts falling due within one year 6 92,455 110,053
NET CURRENT ASSETS 50,966 109,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,008

143,439

CREDITORS
Amounts falling due after more than one
year

7

(20,724

)

(38,397

)

PROVISIONS FOR LIABILITIES (12,747 ) (6,434 )
NET ASSETS 68,537 98,608

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 68,535 98,606
68,537 98,608

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.

AUTOCURE REPAIRS AND DIAGNOSTICS LTD (REGISTERED NUMBER: 11779866)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





C Jay - Director


AUTOCURE REPAIRS AND DIAGNOSTICS LTD (REGISTERED NUMBER: 11779866)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Autocure Repairs And Diagnostics Ltd 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 7 (2023 - 7 ) .

AUTOCURE REPAIRS AND DIAGNOSTICS LTD (REGISTERED NUMBER: 11779866)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 67,558
Additions 33,269
Disposals (157 )
At 31 January 2024 100,670
DEPRECIATION
At 1 February 2023 33,695
Charge for year 15,933
At 31 January 2024 49,628
NET BOOK VALUE
At 31 January 2024 51,042
At 31 January 2023 33,863

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,604 147,714
Other debtors 3,416 -
83,020 147,714

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,015 10,832
Hire purchase contracts (see note 8) 8,508 8,855
Trade creditors 4,102 29,610
Taxation and social security 67,663 60,533
Other creditors 2,167 223
92,455 110,053

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,168 28,333
Hire purchase contracts (see note 8) 1,556 10,064
20,724 38,397

AUTOCURE REPAIRS AND DIAGNOSTICS LTD (REGISTERED NUMBER: 11779866)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 8,508 8,855
Between one and five years 1,556 10,064
10,064 18,919

Non-cancellable operating leases
2024 2023
£    £   
Within one year 4,070 4,440
Between one and five years - 4,070
4,070 8,510