2022-12-01 10502600 2023-11-30 10502600 2022-12-01 2023-11-30 10502600 2022-11-30 10502600 2021-12-01 2022-11-30 10502600 uk-core:WithinOneYear 2022-11-30 10502600 uk-core:WithinOneYear 2023-11-30 10502600 uk-core:ShareCapital 2023-11-30 10502600 uk-core:ShareCapital 2022-11-30 10502600 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 10502600 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 10502600 uk-bus:Director1 2022-12-01 2023-11-30 10502600 uk-core:PlantMachinery 2022-12-01 2023-11-30 10502600 uk-core:CommercialMotorVehicles 2022-12-01 2023-11-30 10502600 uk-core:CommercialMotorVehicles 2022-11-30 10502600 uk-core:PlantMachinery 2022-11-30 10502600 uk-core:PlantMachinery 2023-11-30 10502600 uk-core:CommercialMotorVehicles 2023-11-30 10502600 uk-core:WithinOneYear 2023-11-30 10502600 uk-core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure 10502600 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 10502600 uk-bus:FRS102 2022-12-01 2023-11-30 10502600 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 10502600 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Auto Romania Ltd
Registered Number:10502600
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2023
Auto Romania Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10502600
As at 30 November 2023
Auto Romania Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
7,685
9,305
2
7,685
9,305
Current assets
Inventories
-
16,481
3
515
Cash and cash equivalents
332
16,813
515
Trade and other payables: amounts falling due within one
year
(42,022)
(58,264)
4
(41,507)
(41,451)
Net current liabilities
Total assets less current liabilities
(33,766)
(32,202)
(33,766)
Net liabilities
(32,202)
Capital and reserves
Called up share capital
1
2
Retained earnings
(33,767)
(32,204)
(33,766)
(32,202)
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Flavius Sebastian Bradean Director
These financial statements were approved and authorised for issue by the Board on 09 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2023
Auto Romania Ltd
Notes to the Financial Statements
Statutory Information
Auto Romania Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
10502600.
Registered address:
3 Beeston Avenue
Northampton
NN3 9UG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
20% Reducing balance
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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5
For the year ended 30 November 2023
Auto Romania Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 December 2022
23,684
16,300
7,384
At 30 November 2023
7,384
16,300
23,684
Provision for depreciation and impairment
At 01 December 2022
14,379
11,787
2,592
Charge for year
1,620
902
718
At 30 November 2023
15,999
12,689
3,310
At 30 November 2023
Net book value
4,074
3,611
7,685
At 30 November 2022
4,792
4,513
9,305
3. Inventories
2022
2023
£
£
Stocks
16,481
-
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
9,811
7,612
Taxation and social security
1,774
1,631
Other creditors
46,679
32,779
58,264
42,022
5. Average number of persons employed
During the year the average number of employees was 0 (2022 : 1)
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