Company Registration No. 09379012 (England and Wales)
Andrew Shipp Autos Ltd
Unaudited accounts
for the year ended 31 January 2024
Andrew Shipp Autos Ltd
Unaudited accounts
Contents
Andrew Shipp Autos Ltd
Company Information
for the year ended 31 January 2024
Company Number
09379012 (England and Wales)
Registered Office
9 Stratfield Park
Elettra Avenue
Waterlooville
PO7 7XN
Andrew Shipp Autos Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
11,632
11,121
Inventories
150,281
203,030
Cash at bank and in hand
25,050
38,449
Creditors: amounts falling due within one year
(65,968)
(76,631)
Net current assets
204,011
190,318
Total assets less current liabilities
215,643
201,439
Creditors: amounts falling due after more than one year
(210,185)
(188,399)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
5,210
12,792
Shareholders' funds
5,310
12,892
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 29 October 2024 and were signed on its behalf by
Andrew SHIPP
Director
Company Registration No. 09379012
Andrew Shipp Autos Ltd
Notes to the Accounts
for the year ended 31 January 2024
Andrew Shipp Autos Ltd is a private company, limited by shares, registered in England and Wales, registration number 09379012. The registered office is 9 Stratfield Park, Elettra Avenue, Waterlooville, PO7 7XN.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% WDV
Computer equipment
25% WDV
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
Andrew Shipp Autos Ltd
Notes to the Accounts
for the year ended 31 January 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2023
24,500
3,834
5,500
5,115
1,451
40,400
Additions
-
-
-
3,545
298
3,843
At 31 January 2024
24,500
3,834
5,500
8,660
1,749
44,243
At 1 February 2023
17,673
3,353
4,950
2,390
913
29,279
Charge for the year
1,707
120
138
1,189
178
3,332
At 31 January 2024
19,380
3,473
5,088
3,579
1,091
32,611
At 31 January 2024
5,120
361
412
5,081
658
11,632
At 31 January 2023
6,827
481
550
2,725
538
11,121
Amounts falling due within one year
Trade debtors
81,942
16,922
Accrued income and prepayments
-
4,920
Other debtors
12,706
3,628
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
5,556
Obligations under finance leases and hire purchase contracts
-
675
Trade creditors
13,923
12,026
Taxes and social security
-
10,217
Other creditors
10,199
11,369
Loans from directors
20,204
20,733
Deferred income
1,300
1,300
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
210,185
185,185
Obligations under finance leases and hire purchase contracts
-
3,214
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Average number of employees
During the year the average number of employees was 1 (2023: 1).