Company Registration No. 06443189 (England and Wales)
Autoserv North West Ltd
Unaudited accounts
for the year ended 31 May 2024
Autoserv North West Ltd
Unaudited accounts
Contents
Autoserv North West Ltd
Company Information
for the year ended 31 May 2024
Directors
Daniel Ian Foy Evans
Diana Margaret Evans
Secretary
Diana Margaret Evans
Company Number
06443189 (England and Wales)
Registered Office
1 Hodge Road
Walkden
Manchester
M28 3AU
Accountants
Monton Green Accountancy Ltd
5 Hawthorn Avenue
Eccles
Manchester
M30 9NE
Autoserv North West Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
43,112
50,476
Cash at bank and in hand
126,722
42,152
Creditors: amounts falling due within one year
(142,124)
(125,847)
Net current assets/(liabilities)
30,699
(29,622)
Total assets less current liabilities
73,811
20,854
Creditors: amounts falling due after more than one year
(10,593)
(20,787)
Called up share capital
2
2
Profit and loss account
63,216
65
Shareholders' funds
63,218
67
For the year ending 31 May 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
Daniel Ian Foy Evans
Director
Company Registration No. 06443189
Autoserv North West Ltd
Notes to the Accounts
for the year ended 31 May 2024
Autoserv North West Ltd is a private company, limited by shares, registered in England and Wales, registration number 06443189. The registered office is 1 Hodge Road, Walkden, Manchester, M28 3AU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Reducing Balance
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Autoserv North West Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
27,331
86,918
114,249
Additions
2,600
10,349
12,949
Disposals
(12,200)
-
(12,200)
At 31 May 2024
17,731
97,267
114,998
At 1 June 2023
10,332
53,441
63,773
Charge for the year
3,673
9,678
13,351
On disposals
(5,238)
-
(5,238)
At 31 May 2024
8,767
63,119
71,886
At 31 May 2024
8,964
34,148
43,112
At 31 May 2023
16,999
33,477
50,476
Amounts falling due within one year
Accrued income and prepayments
-
2,053
Other debtors
40,335
39,863
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,040
9,794
Trade creditors
5,434
18,015
Taxes and social security
25,390
7,650
Loans from directors
83,015
80,479
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Autoserv North West Ltd
Notes to the Accounts
for the year ended 31 May 2024
9
Transactions with related parties
An interest free loan was made to Motum Property Ltd which is also owned by Mr Daniel Ian Foy Evans and Mrs Diana Margaret Evans. The balance outstanding on the loan at 31st May 2024 is £40,335 (2023: £39,863).
10
Average number of employees
During the year the average number of employees was 9 (2023: 8).