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Autoway Sundry Supplies Ltd
 
 
Company Registration Number
04382310
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/03/2023
 
End date 29/02/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Autoway Sundry Supplies Ltd
 
Contents of the Financial Statements
for the Period Ended 29 February 2024
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Report of the Accountants 5
 
Profit and Loss Account 6
 
Balance Sheet 7 - 8
 
Notes to the Financial Statements 9 - 13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Autoway Sundry Supplies Ltd
Company Information
for the Period Ended 29 February 2024
 
Directors Mr S. Maddison
Mrs J. Maddison
 
Company secretary POMFREY CREED ACCOUNTANTS LTD
 
Registered office Unit 6, The School House, st Mary's Busi
66-70 Bourne Road
Bexley, Kent
DA5 1LU
 
Company Registration Number 04382310
 
Accountants Name Pomfrey Creed Accountants Ltd
Address Unit 6, The School House
St Mary's Business Centre
66-70 Bourne Road
Bexley, Kent
DA5 1LU
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Autoway Sundry Supplies Ltd
Directors Report
for the Period Ended 29 February 2024
The directors present their report with the financial statements of the company for the
period ended 29 February 2024
Principal activities
The principal activity of the company in the period under review was
Motor Suppliers
Directors
The director(s) shown below have held office during the whole of the period
Mr S. Maddison
Mrs J. Maddison
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2024-11-27
and signed on behalf of the board by
Name Mr S. Maddison
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
Autoway Sundry Supplies Ltd
 
Accountants' Report
for the Period Ended 29 February 2024
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 29 February 2024. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 29 February 2024 as set out on pages 3 to 15 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
Pomfrey Creed Accountants Ltd
Unit 6, The School House
St Mary's Business Centre
66-70 Bourne Road
Bexley, Kent
DA5 1LU
 
Date 2024-11-27
Page 5
Autoway Sundry Supplies Ltd
 
Profit and Loss Account
for the Period Ended 29 February 2024
2024 2,023
Notes £ £
 
Turnover 2 340,363 303,902
Cost of sales 248,208 208,950
______ ______
Gross Profit/(Loss) 92,155 94,952
 
Administrative expenses 44,865 40,553
______ ______
Operating costs 44,865 40,553
 
______ ______
Operating Profit/(Loss) 3 47,290 54,399
______ ______
Profit/(Loss) on ordinary activities before taxation 47,290 54,399
 
Tax on profit on ordinary activities 5 8,985 10,336
_____ _____
Profit/(Loss) for the financial period after taxation 38,305 44,063
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 6
Autoway Sundry Supplies Ltd
Balance Sheet
for the Period Ended 29 February 2024
Company registration number 04382310
2024 2,023
Notes £ £
Fixed assets
Tangible fixed assets 7 4,884 5,196
_______ _______
Total fixed assets 4,884 5,196
Current assets
Stocks 8 47,708 47,708
Cash at bank and in hand 1,000 1,000
_______ _______
Total current assets/(liabilities) 48,708 48,708
Creditors
Creditors - amounts falling
due within one year 10 37,832 35,449
_______ _______
Net current assets 10,876 13,259
_______ _______
Total assets less current liabilities 15,760 18,455
_______ _______
Creditors - amounts falling
due after more than one year 11 12,500 13,500
_______ _______
Long term creditors 12,500 13,500
____ ____
Net assets/(liabilities) 3,260 4,955
Capital and reserves
Called up share capital 13 2 2
Profit and loss account 14 3,258 4,953
____ ____
Total shareholders funds 3,260 4,955
 
 
 
 
 
 
 
 
Page 7
Autoway Sundry Supplies Ltd
 
Balance Sheet
for the Period Ended 29 February 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 29 February 2024 the company was entitled to exemption 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.
 
The financial statements were approved by the Board of Directors on 2024-11-27
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Mr S. Maddison
 
The notes form part of these financial statements
Average number of employees during period 2
 
 
 
 
 
 
 
 
 
Page 8
Autoway Sundry Supplies Ltd
Notes to the Financial Statements
for the Period Ended 29 February 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, inclusive of VAT.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Autoway Sundry Supplies Ltd
Notes to the Financial Statements
for the Period Ended 29 February 2024
2. Turnover 2024 2,023
£ £
United Kingdom 340,363 303,902
______ ______
Total 340,363 303,902
3. Operating profit/(loss) 2024 2,023
Profit before tax as stated after charging the following £ £
4. Directors' remuneration 2024 2,023
£ £
Directors remuneration
Value of directors pension contributions
_ _
Total
The number of Directors accruing pension benefits was
5. Taxation
The tax charge on the profit on ordinary activities 2024 2,023
for the period was as follows £ £
UK Corporation Tax net of reliefs 8,985 10,336
____ _____
Tax on profit on ordinary activities 8,985 10,336
6. Dividends 2024 2,023
£ £
Dividend on ordinary shares paid in period 40,000 40,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
Autoway Sundry Supplies Ltd
Notes to the Financial Statements
for the Period Ended 29 February 2024
7. Tangible fixed assets
Motor Total
vehicles
Cost £ £
At 1 March 2023 36,894 36,894
_____ _____
At 29 February 2024 36,894 36,894
Depreciation
At 1 March 2023 31,698 31,698
Charge for year 312 312
_____ _____
At 29 February 2024 32,010 32,010
Net book value
At 29 February 2024 4,884 4,884
At 28 February 2023 5,196 5,196
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
Autoway Sundry Supplies Ltd
Notes to the Financial Statements
for the Period Ended 29 February 2024
8. Stocks 2024 2,023
Finished goods 47,708 47,708
Total 47,708 47,708
9. Debtors 2024 2,023
_ _
Total
10. Creditors amounts falling due within one year 2024 2,023
Trade creditors 10,275 19,906
Corporation tax 14,495 10,336
Other taxation and social security 399 1,233
Other creditors 12,663 3,974
_____ _____
Total 37,832 35,449
11. Creditors amounts falling due after more than one year 2024 2,023
Bank loans 12,500 13,500
_____ _____
Total 12,500 13,500
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12
Autoway Sundry Supplies Ltd
Notes to the Financial Statements
for the Period Ended 29 February 2024
12. Provisions for liabilities £
Provisions at 1 March 2023
Movements to
Movements from
_
At 29 February 2024
13. Share capital 2024 2,023
Authorised type Par value £ £
2 Ordinary 2 2 2
_ _
Total 2 2
Allotted, called up and paid £ £
2 Ordinary 2 2
_ _
Total 2 2
14. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 March 2023 4,953
Profit/(Loss) for year 38,305
Dividends paid 40,000
____
Retained Profit/(Loss) at 29 February 2024 3,258
 
 
 
 
 
 
 
Page 13