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REGISTERED NUMBER: 13850772 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

Advanced Auto Conversions Ltd

Advanced Auto Conversions Ltd (Registered number: 13850772)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Advanced Auto Conversions Ltd

Company Information
for the Year Ended 31st January 2024







DIRECTOR: M Andrews





REGISTERED OFFICE: 11 Victoria Road
Adwick-le-Street
Doncaster
South Yorkshire
DN6 7AZ





REGISTERED NUMBER: 13850772 (England and Wales)





ACCOUNTANTS: DG Accountants (Blyton) Ltd
53 Irwin Road
Blyton
Gainsborough
Lincolnshire
DN21 3LS

Advanced Auto Conversions Ltd (Registered number: 13850772)

Balance Sheet
31st January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,647 8,246

CURRENT ASSETS
Stocks 39,417 38,459
Debtors 5 2,000 5,997
Cash at bank 4,095 5,871
45,512 50,327
CREDITORS
Amounts falling due within one year 6 93,284 76,091
NET CURRENT LIABILITIES (47,772 ) (25,764 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,125

)

(17,518

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (21,126 ) (17,519 )
(21,125 ) (17,518 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th October 2024 and were signed by:





M Andrews - Director


Advanced Auto Conversions Ltd (Registered number: 13850772)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Advanced Auto Conversions 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Advanced Auto Conversions Ltd (Registered number: 13850772)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st February 2023 - 10,995 10,995
Additions 10,283 16,999 27,282
At 31st January 2024 10,283 27,994 38,277
DEPRECIATION
At 1st February 2023 - 2,749 2,749
Charge for year 2,570 6,311 8,881
At 31st January 2024 2,570 9,060 11,630
NET BOOK VALUE
At 31st January 2024 7,713 18,934 26,647
At 31st January 2023 - 8,246 8,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 2,000 -
VAT - 1,888
Deferred tax asset - 4,109
2,000 5,997

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts - 12,040
Trade creditors 2,592 596
VAT 786 -
Directors' current accounts 88,856 63,155
Accrued expenses 1,050 300
93,284 76,091