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Company Registration No. 5659839 (England and Wales)
Autovision (Hull) Limited Unaudited accounts for the year ended 31 March 2024
Autovision (Hull) Limited Unaudited accounts Contents
Page
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Autovision (Hull) Limited Company Information for the year ended 31 March 2024
Directors
Mrs A J Rimmington Mr G C Rimmington Mrs S Watts
Secretary
Mrs A J Rimmington
Company Number
5659839 (England and Wales)
Registered Office
Unit 3 Tadman Street Hull East Yorkshire HU3 2BG United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Autovision (Hull) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
46,194 
36,225 
Current assets
Inventories
14,500 
17,441 
Debtors
266,154 
313,280 
Cash at bank and in hand
223,000 
218,122 
503,654 
548,843 
Creditors: amounts falling due within one year
(310,356)
(304,135)
Net current assets
193,298 
244,708 
Total assets less current liabilities
239,492 
280,933 
Creditors: amounts falling due after more than one year
(5,846)
(16,079)
Provisions for liabilities
Deferred tax
(6,883)
(6,883)
Net assets
226,763 
257,971 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
226,761 
257,969 
Shareholders' funds
226,763 
257,971 
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 31 May 2024 and were signed on its behalf by
Mr G C Rimmington Director Company Registration No. 5659839
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Autovision (Hull) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Autovision (Hull) Limited is a private company, limited by shares, registered in England and Wales, registration number 5659839. The registered office is Unit 3, Tadman Street, Hull, East Yorkshire, HU3 2BG, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Motor vehicles
25% wdv
Fixtures & fittings
25% on Cost
Computer equipment
33% on Cost
Turnover
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.
Pension costs
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
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Autovision (Hull) Limited Notes to the Accounts for the year ended 31 March 2024
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
50,413 
23,564 
8,467 
82,444 
Additions
- 
18,118 
3,166 
21,284 
At 31 March 2024
50,413 
41,682 
11,633 
103,728 
Depreciation
At 1 April 2023
17,509 
22,362 
6,348 
46,219 
Charge for the year
8,226 
1,507 
1,582 
11,315 
At 31 March 2024
25,735 
23,869 
7,930 
57,534 
Net book value
At 31 March 2024
24,678 
17,813 
3,703 
46,194 
At 31 March 2023
32,904 
1,202 
2,119 
36,225 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
256,303 
312,783 
Accrued income and prepayments
9,851 
497 
266,154 
313,280 
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Autovision (Hull) Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,714 
- 
Obligations under finance leases and hire purchase contracts
10,233 
10,233 
Trade creditors
225,996 
225,850 
Taxes and social security
43,911 
64,383 
Other creditors
5,545 
3,669 
Accruals
13,957 
- 
310,356 
304,135 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
5,846 
16,079 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Controlling party
The company is a wholey owned subsidary of Autovision (Holdings) Limited
10
Average number of employees
During the year the average number of employees was 8 (2023: 9).
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