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REGISTERED NUMBER: 08805626 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

AUTO SERVICE & RECOVERY LIMITED

AUTO SERVICE & RECOVERY LIMITED (REGISTERED NUMBER: 08805626)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUTO SERVICE & RECOVERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr B R Fowler



REGISTERED OFFICE: Units 2 & 3 Rington Court
Nunn Brook Rise
Huthwaite
Sutton in Ashfield
Nottinghamshire
NG17 2PD



REGISTERED NUMBER: 08805626 (England and Wales)



ACCOUNTANTS: Anderson & Co
18 Diamond Avenue
Kirkby in Ashfield
Nottinghamshire
NG17 7GR



BANKERS: National Westminster Plc
Sutton & Kirkby Branch
Portland Square
Sutton in Ashfield
Nottinghamshire
NG17 1BA

AUTO SERVICE & RECOVERY LIMITED (REGISTERED NUMBER: 08805626)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,021 16,206

CURRENT ASSETS
Stocks 2,500 3,200
Debtors 5 11,000 9,599
Cash at bank and in hand 9,538 4,844
23,038 17,643
CREDITORS
Amounts falling due within one year 6 46,856 45,849
NET CURRENT LIABILITIES (23,818 ) (28,206 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,797

)

(12,000

)

PROVISIONS FOR LIABILITIES 1,071 1,136
NET LIABILITIES (10,868 ) (13,136 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (11,868 ) (14,136 )
SHAREHOLDERS' FUNDS (10,868 ) (13,136 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

AUTO SERVICE & RECOVERY LIMITED (REGISTERED NUMBER: 08805626)

BALANCE SHEET - continued
31 JANUARY 2024


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 29 October 2024 and were signed by:





Mr B R Fowler - Director


AUTO SERVICE & RECOVERY LIMITED (REGISTERED NUMBER: 08805626)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Auto Service & Recovery Limited 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

AUTO SERVICE & RECOVERY LIMITED (REGISTERED NUMBER: 08805626)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 28,552 1,696 12,505 1,765 44,518
Additions 1,468 - - - 1,468
At 31 January 2024 30,020 1,696 12,505 1,765 45,986
DEPRECIATION
At 1 February 2023 15,043 1,374 10,817 1,078 28,312
Charge for year 2,996 64 422 171 3,653
At 31 January 2024 18,039 1,438 11,239 1,249 31,965
NET BOOK VALUE
At 31 January 2024 11,981 258 1,266 516 14,021
At 31 January 2023 13,509 322 1,688 687 16,206

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 10,789 9,330
Prepayments 211 269
11,000 9,599

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 12,021 17,008
Trade creditors 3,783 5,658
VAT 4,864 2,729
Attachment Of Earnings Due 300 -
Pension Creditor - 145
PAYE and national insurance 931 265
Directors' loan accounts 23,065 17,633
Accrued expenses 1,892 2,411
46,856 45,849