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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
Page
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Andrew Shipp Autos Ltd Company Information for the year ended 31 January 2024
Director
Andrew SHIPP
Company Number
09379012 (England and Wales)
Registered Office
9 Stratfield Park Elettra Avenue Waterlooville PO7 7XN
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Andrew Shipp Autos Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,632 
11,121 
Current assets
Inventories
150,281 
203,030 
Debtors
94,648 
25,470 
Cash at bank and in hand
25,050 
38,449 
269,979 
266,949 
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
Deferred tax
(148)
(148)
Net assets
5,310 
12,892 
Capital and reserves
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
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Andrew Shipp Autos Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
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.
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:
Land & buildings
25% WDV
Plant & machinery
25% WDV
Motor vehicles
25% WDV
Fixtures & fittings
25% WDV
Computer equipment
25% WDV
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
4,000 
At 31 January 2024
4,000 
Amortisation
At 1 February 2023
4,000 
At 31 January 2024
4,000 
Net book value
At 31 January 2024
- 
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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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
81,942 
16,922 
Accrued income and prepayments
- 
4,920 
Other debtors
12,706 
3,628 
94,648 
25,470 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
5,556 
VAT
- 
11,430 
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 
Accruals
20,342 
3,325 
Deferred income
1,300 
1,300 
65,968 
76,631 
8
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 
210,185 
188,399 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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