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REGISTERED NUMBER: 05375407 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Autotech Carlisle Limited

Autotech Carlisle Limited (Registered number: 05375407)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Autotech Carlisle Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S Batey
Mr R H Lamb





SECRETARY: Mr S Batey





REGISTERED OFFICE: 30 Parkhill Road
Kingstown Industrial Estate
Carlisle
Cumbria
CA3 0EX





REGISTERED NUMBER: 05375407 (England and Wales)





ACCOUNTANTS: Benson Accountants
Wiza House
Station Road
Wigton
Cumbria
CA7 9BA

Autotech Carlisle Limited (Registered number: 05375407)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,352 61,113
Investment property 5 427,037 427,037
477,389 488,150

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 6 17,113 51,060
Cash at bank 172,879 268,584
195,992 325,644
CREDITORS
Amounts falling due within one year 7 79,152 112,630
NET CURRENT ASSETS 116,840 213,014
TOTAL ASSETS LESS CURRENT LIABILITIES 594,229 701,164

CREDITORS
Amounts falling due after more than one
year

8

(55,114

)

(65,819

)

PROVISIONS FOR LIABILITIES (11,651 ) (16,988 )
NET ASSETS 527,464 618,357

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 43,550 43,550
Retained earnings 483,814 574,707
527,464 618,357

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

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

Autotech Carlisle Limited (Registered number: 05375407)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:




Mr S Batey - Director



Mr R H Lamb - Director


Autotech Carlisle Limited (Registered number: 05375407)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Autotech Carlisle 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 as modified by the revaluation of certain assets.

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.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Autotech Carlisle Limited (Registered number: 05375407)

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

2. ACCOUNTING POLICIES - continued

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.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023
and 31 March 2024 16,970 139,772 2,808
DEPRECIATION
At 1 April 2023 12,627 95,365 2,620
Charge for year 831 6,661 28
At 31 March 2024 13,458 102,026 2,648
NET BOOK VALUE
At 31 March 2024 3,512 37,746 160
At 31 March 2023 4,343 44,407 188

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 44,180 11,113 214,843
DEPRECIATION
At 1 April 2023 32,818 10,300 153,730
Charge for year 2,841 400 10,761
At 31 March 2024 35,659 10,700 164,491
NET BOOK VALUE
At 31 March 2024 8,521 413 50,352
At 31 March 2023 11,362 813 61,113

Autotech Carlisle Limited (Registered number: 05375407)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 427,037
NET BOOK VALUE
At 31 March 2024 427,037
At 31 March 2023 427,037

The above figure is made up of a valuation of freehold investment property of £252,037 and long term leasehold investment property of £175,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 12,333 15,687
Other debtors 4,780 35,373
17,113 51,060

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 5,705 5,705
Trade creditors 24,155 38,592
Taxation and social security 20,910 61,556
Other creditors 28,382 6,777
79,152 112,630

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans 55,114 65,819

9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 60,819 71,524

10. RELATED PARTY DISCLOSURES

During the year, the directors held a loan account with the company. At the balance sheet date, the amount owing to the directors was £23,382 (2023 - £1,857). The loan is un-secured, interest free and repayable on demand.