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
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
AT AUTOMOTIVE LTD
Statement of financial position
as at 31 October 2023
Tangible assets
23,378
17,275
Cash at bank and in hand
9,332
4,249
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)
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
AT AUTOMOTIVE LTD
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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 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.
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.
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.
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
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
At 31 October 2023
16,959
5,157
965
297
23,378
At 31 October 2022
12,087
4,713
330
145
17,275
Amounts falling due within one year
Trade debtors
97,632
62,762
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,280
4,624
Trade creditors
113,933
49,344
Taxes and social security
44,754
41,102
Other creditors
25,560
19,305
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
99,560
83,813
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).