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REGISTERED NUMBER: 05416279 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Automotive Electrical Ltd

Automotive Electrical Ltd (Registered number: 05416279)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Automotive Electrical Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D S Hodge
Mrs H Weeks





SECRETARY: Mrs H Weeks





REGISTERED OFFICE: Sheppards Accountants Limited
22 The Square
The Millfields
Plymouth
PL1 3JX





BUSINESS ADDRESS: 27 Berry Park Road
Plymstock
Devon
PL9 9AG





REGISTERED NUMBER: 05416279 (England and Wales)





ACCOUNTANTS: Sheppards Accountants Limited
22 The Square
The Millfields
Plymouth
Devon
PL1 3JX

Automotive Electrical Ltd (Registered number: 05416279)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,088 73,522

CURRENT ASSETS
Debtors 5 176,510 115,375
Cash at bank and in hand 252,000 248,065
428,510 363,440
CREDITORS
Amounts falling due within one year 6 152,664 101,654
NET CURRENT ASSETS 275,846 261,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,934

335,308

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 374,932 335,306
SHAREHOLDERS' FUNDS 374,934 335,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





D S Hodge - Director


Automotive Electrical Ltd (Registered number: 05416279)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Automotive Electrical 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% Straight Line
Computer equipment - 25% Straight Line

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.

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 7 (2023 - 8 ) .

Automotive Electrical Ltd (Registered number: 05416279)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 60,680 139,827 8,520 209,027
Additions 3,364 50,524 4,708 58,596
At 30 April 2024 64,044 190,351 13,228 267,623
DEPRECIATION
At 1 May 2023 48,902 81,799 4,804 135,505
Charge for year 3,786 27,138 2,106 33,030
At 30 April 2024 52,688 108,937 6,910 168,535
NET BOOK VALUE
At 30 April 2024 11,356 81,414 6,318 99,088
At 30 April 2023 11,778 58,028 3,716 73,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 165,332 112,167
Prepayments and accrued income 11,178 3,208
176,510 115,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,500 18,500
Trade creditors 118,495 62,676
Corporation tax 16,111 -
Social security and other taxes 3,969 6,499
VAT 939 11,305
Other creditors 612 2,671
Directors' current accounts 38 3
152,664 101,654