AO AUTOS LTD

Company Registration Number:
NI643691 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

AO AUTOS LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

AO AUTOS LTD

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Current assets
Stocks: 156,714 170,436
Debtors: 3 70,893 26,154
Cash at bank and in hand: 16,893 56,838
Total current assets: 244,500 253,428
Creditors: amounts falling due within one year:   (57,666) (81,826)
Net current assets (liabilities): 186,834 171,602
Total assets less current liabilities: 186,834 171,602
Total net assets (liabilities): 186,834 171,602
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 186,833 171,601
Shareholders funds: 186,834 171,602

The notes form part of these financial statements

AO AUTOS LTD

Balance sheet statements

For the year ending 28 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 November 2024
and signed on behalf of the board by:

Name: Adrian O'Kane
Status: Director

The notes form part of these financial statements

AO AUTOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and service rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Other accounting policies

Basis of preparation The Financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in Sterling, which is the functional currency of the entity. Going Concern After reviewing the company's financial statements and other books and records, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. Taxation The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefit will flow to the entity and the costs incurred or be incurred in respect of the transactions can be measured reliably. Stocks Stocks are measured at the lower of cost and estimated selling price less cost to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

AO AUTOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

AO AUTOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Debtors

2024 2023
££
Debtors due after more than one year: 70,893 26,154