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Company Registration No. 12277402 (England and Wales)
AT AUTOMOTIVE LTD Unaudited accounts for the year ended 31 October 2023
AT AUTOMOTIVE LTD Unaudited accounts Contents
Page
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AT AUTOMOTIVE LTD Company Information for the year ended 31 October 2023
Directors
Adam Neil Badger Alicia Yasmine Whitaker-Morris
Company Number
12277402 (England and Wales)
Registered Office
AT Automotive Ltd Unit 9 Lyford Business Centre Lyford Oxon OX12 0EE
Accountants
J JENKIN & ASSOCIATES LIMITED POST OFFICE VAULTS 4 MARKET PLACE WANTAGE OXFORDSHIRE OX12 8AT
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AT AUTOMOTIVE LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,378 
17,275 
Current assets
Inventories
10,900 
- 
Debtors
97,632 
63,245 
Cash at bank and in hand
9,332 
4,249 
117,864 
67,494 
Creditors: amounts falling due within one year
(257,802)
(143,101)
Net current liabilities
(139,938)
(75,607)
Total assets less current liabilities
(116,560)
(58,332)
Creditors: amounts falling due after more than one year
(112,311)
(102,112)
Net liabilities
(228,871)
(160,444)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(228,873)
(160,446)
Shareholders' funds
(228,871)
(160,444)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
Adam Neil Badger Director Company Registration No. 12277402
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AT AUTOMOTIVE LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
AT AUTOMOTIVE LTD is a private company, limited by shares, registered in England and Wales, registration number 12277402. The registered office is AT Automotive Ltd, Unit 9 Lyford Business Centre, Lyford, Oxon, OX12 0EE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The company reports a loss for the period and the balance sheet shows net liabilities. With the continued support of the directors, the company is able to continue trading for the foreseeable future.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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AT AUTOMOTIVE LTD Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
19,605 
9,000 
440 
217 
29,262 
Additions
9,401 
1,950 
749 
446 
12,546 
At 31 October 2023
29,006 
10,950 
1,189 
663 
41,808 
Depreciation
At 1 November 2022
7,518 
4,287 
110 
72 
11,987 
Charge for the year
4,529 
1,503 
114 
221 
6,367 
Surplus on revaluation
- 
3 
- 
73 
76 
At 31 October 2023
12,047 
5,793 
224 
366 
18,430 
Net book value
At 31 October 2023
16,959 
5,157 
965 
297 
23,378 
At 31 October 2022
12,087 
4,713 
330 
145 
17,275 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
97,632 
62,762 
Other debtors
- 
483 
97,632 
63,245 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,280 
4,624 
VAT
67,325 
27,776 
Trade creditors
113,933 
49,344 
Taxes and social security
44,754 
41,102 
Other creditors
25,560 
19,305 
Accruals
950 
950 
257,802 
143,101 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,751 
18,299 
Loans from directors
99,560 
83,813 
112,311 
102,112 
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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