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REGISTERED NUMBER: 04941646 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

AUTO TIME SYSTEMS NORTHERN LIMITED

AUTO TIME SYSTEMS NORTHERN LIMITED (REGISTERED NUMBER: 04941646)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AUTO TIME SYSTEMS NORTHERN LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







Directors: Mrs J Kelley
Mr S Kelley
Mr S Nicholson
Mrs E W Morris





Registered office: North Quarry House
North Quarry Business Park
Skull House Lane
Appley Bridge, Wigan
Lancashire
WN6 9DB





Registered number: 04941646 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

AUTO TIME SYSTEMS NORTHERN LIMITED (REGISTERED NUMBER: 04941646)

Balance Sheet
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 160,000 180,000
Tangible assets 5 257,344 239,355
417,344 419,355

CURRENT ASSETS
Stocks 100,257 91,520
Debtors 6 339,641 465,939
Cash at bank and in hand 1,590,815 1,328,433
2,030,713 1,885,892
CREDITORS
Amounts falling due within one year 7 886,971 873,167
NET CURRENT ASSETS 1,143,742 1,012,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,561,086

1,432,080

PROVISIONS FOR LIABILITIES 8 14,484 7,726
NET ASSETS 1,546,602 1,424,354

CAPITAL AND RESERVES
Called up share capital 9 80 80
Retained earnings 1,546,522 1,424,274
SHAREHOLDERS' FUNDS 1,546,602 1,424,354

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





Mrs J Kelley - Director


AUTO TIME SYSTEMS NORTHERN LIMITED (REGISTERED NUMBER: 04941646)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Auto Time Systems Northern 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

AUTO TIME SYSTEMS NORTHERN LIMITED (REGISTERED NUMBER: 04941646)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 400,000
AMORTISATION
At 1 July 2023 220,000
Amortisation for year 20,000
At 30 June 2024 240,000
NET BOOK VALUE
At 30 June 2024 160,000
At 30 June 2023 180,000

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 244,204 119,983 - 364,187
Additions - 3,624 28,491 32,115
At 30 June 2024 244,204 123,607 28,491 396,302
DEPRECIATION
At 1 July 2023 38,038 86,794 - 124,832
Charge for year 4,884 8,055 1,187 14,126
At 30 June 2024 42,922 94,849 1,187 138,958
NET BOOK VALUE
At 30 June 2024 201,282 28,758 27,304 257,344
At 30 June 2023 206,166 33,189 - 239,355

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 285,997 417,887
Other debtors 53,644 48,052
339,641 465,939

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 241,098 178,698
Taxation and social security 243,976 321,814
Other creditors 401,897 372,655
886,971 873,167

AUTO TIME SYSTEMS NORTHERN LIMITED (REGISTERED NUMBER: 04941646)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 14,484 7,726

Deferred
tax
£   
Balance at 1 July 2023 7,726
Charge to Statement of Income and Retained Earnings during year 6,758
Balance at 30 June 2024 14,484

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
80 Ordinary £1 80 80