Company Registration No. 11893294 (England and Wales)
Aldridge Autos Limited
Unaudited accounts
for the year ended 31 March 2024
Aldridge Autos Limited
Unaudited accounts
Contents
Aldridge Autos Limited
Company Information
for the year ended 31 March 2024
Directors
Sam Aldridge
Caroline Aldridge
Company Number
11893294 (England and Wales)
Registered Office
2 Oaklands Close
Collingham
Newark
Nottinghamshire
NG23 7RQ
Accountants
Kate Dodd Accounting Services
4 Warren Lane
Witham St Hughs
Lincoln
LN6 9US
Aldridge Autos Limited
Statement of financial position
as at 31 March 2024
Tangible assets
2,602
10,644
Cash at bank and in hand
8,894
48,893
Creditors: amounts falling due within one year
(12,727)
(24,049)
Net current assets
4,395
37,530
Called up share capital
2
2
Profit and loss account
6,995
48,172
Shareholders' funds
6,997
48,174
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
Caroline Aldridge
Director
Company Registration No. 11893294
Aldridge Autos Limited
Notes to the Accounts
for the year ended 31 March 2024
Aldridge Autos Limited is a private company, limited by shares, registered in England and Wales, registration number 11893294. The registered office is 2 Oaklands Close, Collingham, Newark, Nottinghamshire, NG23 7RQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Computer equipment
straight line over 3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Aldridge Autos Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
38,276
2,623
40,899
At 31 March 2024
38,276
2,623
40,899
At 1 April 2023
28,405
1,850
30,255
Charge for the year
7,655
387
8,042
At 31 March 2024
36,060
2,237
38,297
At 31 March 2024
2,216
386
2,602
At 31 March 2023
9,871
773
10,644
Amounts falling due within one year
Accrued income and prepayments
-
3,647
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,818
7,669
Taxes and social security
3,260
6,082
Loans from directors
139
4,099
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).