Registered Number:08505423 |
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
For the year ended 29 February 2024
Auto Assist (NW) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Auto Assist (NW) Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
436,623
456,924
2
14,405
14,405
3
451,028
471,329
Trade and other receivables |
48,082
15,831
4
72,298
Cash and cash equivalents |
59,837
75,668
120,380
Trade and other payables: amounts falling due within one |
year |
(407,096)
(261,331)
5
(286,716)
(185,663)
Net current liabilities
Total assets less current liabilities |
265,365
184,613
Trade and other payables: amounts falling due after more |
than one year |
(238,658)
(346,965)
6
84,657
58,985
Provisions for liabilities |
3,057
Net assets
4,940
100
100
2,957
4,840
3,057
4,940
Shareholders' funds
For the year ended 29 February 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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 accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 29 February 2024
Auto Assist (NW) Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 29 November 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 29 February 2024
Auto Assist (NW) Limited
Notes to the Financial Statements
Statutory Information
Auto Assist (NW) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 08505423. |
Office 1, 3D Centre
Bella Street
Bolton
Lancashire
BL3 4DU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
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For the year ended 29 February 2024
Auto Assist (NW) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
1,570,407
40,106
71,737
1,458,564
203,590
965
890
201,735
-
-
(60,434)
(60,434)
1,599,865
72,627
41,071
1,713,563
Provision for depreciation and impairment |
1,113,483
34,972
22,391
1,056,120
Charge for year
220,673
4,058
7,262
209,353
(57,216)
-
-
(57,216)
1,276,940
39,030
29,653
1,208,257
391,608
42,974
2,041
436,623
402,444
49,346
5,134
456,924
3. Investments held as fixed assets |
14,405
14,405
14,405
14,405
14,405
14,405
14,405
14,405
4. Trade and other receivables |
2023
2024
15,831
48,082
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For the year ended 29 February 2024
Auto Assist (NW) Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
10,000
10,000
187
233
22,853
11,263
Taxation and social security |
81,516
121,815
146,775
263,785
261,331
407,096
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
13,149
23,038
333,816
215,620
346,965
238,658
7. Average number of persons employed |
During the year the average number of employees was 7 (2023 : 9)
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