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REGISTERED NUMBER: 07842398 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

In front Autos Limited

In front Autos Limited (Registered number: 07842398)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


In front Autos Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J E Burton
S J Harrington





REGISTERED OFFICE: 8 Avenue Industrial Estate
Southend Arterial road
Gallows Corner
Romford
Essex
RM3 0BY





REGISTERED NUMBER: 07842398 (England and Wales)






In front Autos Limited (Registered number: 07842398)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 159,815 123,743

CURRENT ASSETS
Stocks 42,420 41,528
Debtors 5 123,641 138,775
Cash at bank 43,959 72,538
210,020 252,841
CREDITORS
Amounts falling due within one year 6 207,601 179,022
NET CURRENT ASSETS 2,419 73,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,234

197,562

CREDITORS
Amounts falling due after more than one
year

7

11,736

20,540
NET ASSETS 150,498 177,022

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 150,496 177,020
SHAREHOLDERS' FUNDS 150,498 177,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

In front Autos Limited (Registered number: 07842398)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





S J Harrington - Director


In front Autos Limited (Registered number: 07842398)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

In front Autos 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer Equipment - 25% reducing balance

No depreciation is charged in relation to leasehold land and property.

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 Income Statement, 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.

In front Autos Limited (Registered number: 07842398)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 15,562 196,300 211,862
Additions - 57,269 57,269
At 31 March 2024 15,562 253,569 269,131
DEPRECIATION
At 1 April 2023 - 88,119 88,119
Charge for year - 21,197 21,197
At 31 March 2024 - 109,316 109,316
NET BOOK VALUE
At 31 March 2024 15,562 144,253 159,815
At 31 March 2023 15,562 108,181 123,743

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 96,036 120,671
Other debtors 27,605 18,104
123,641 138,775

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,747 -
Hire purchase contracts 8,803 12,177
Trade creditors 89,791 93,745
Taxation and social security 99,627 69,413
Other creditors 3,633 3,687
207,601 179,022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 11,736 20,540

In front Autos Limited (Registered number: 07842398)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
S J Harrington
Balance outstanding at start of year (216 ) (3,408 )
Amounts advanced 84,527 60,692
Amounts repaid (84,500 ) (57,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (189 ) (216 )

J E Burton
Balance outstanding at start of year (3,471 ) (6,663 )
Amounts advanced 84,527 60,692
Amounts repaid (84,500 ) (57,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,444 ) (3,471 )