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REGISTERED NUMBER: 12012168 (England and Wales)















Automotion Events Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Automotion Events Ltd (Registered number: 12012168)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Automotion Events Ltd

Company Information
for the year ended 31 March 2024







Directors: A Entwistle
G Rogers





Secretary: C A Smith





Registered office: Warner House
1 Warner House
123 Castle Street
Salisbury
Wiltshire
SP1 3TB





Registered number: 12012168 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

Automotion Events Ltd (Registered number: 12012168)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 36,197 78,111

Current assets
Debtors 5 221,707 41,687
Cash in hand 34,024 133,831
255,731 175,518
Creditors
Amounts falling due within one year 6 934,728 421,404
Net current liabilities (678,997 ) (245,886 )
Total assets less current liabilities (642,800 ) (167,775 )

Creditors
Amounts falling due after more than one
year

7

18,557

22,435
Net liabilities (661,357 ) (190,210 )

Capital and reserves
Called up share capital 8 1,923 1,923
Share premium 474,081 474,081
Retained earnings (1,137,361 ) (666,214 )
Shareholders' funds (661,357 ) (190,210 )

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.

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 23 December 2024 and were signed on its behalf by:





A Entwistle - Director


Automotion Events Ltd (Registered number: 12012168)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Automotion Events Ltd 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.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Hence, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for good/services, excluding discounts, rebates,value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles25% on cost
Office equipment25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 6 (2023 - 8 ) .

Automotion Events Ltd (Registered number: 12012168)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Office Motor
equipments vehicles Totals
£ £ £
Cost
At 1 April 2023 9,070 95,806 104,876
Additions 19,932 33,892 53,824
Disposals - (85,229 ) (85,229 )
At 31 March 2024 29,002 44,469 73,471
Depreciation
At 1 April 2023 6,254 20,511 26,765
Charge for year 10,682 16,328 27,010
Eliminated on disposal - (16,501 ) (16,501 )
At 31 March 2024 16,936 20,338 37,274
Net book value
At 31 March 2024 12,066 24,131 36,197
At 31 March 2023 2,816 75,295 78,111

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 136,716 39,162
Other debtors 84,991 2,525
221,707 41,687

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 75,599 9,954
Trade creditors 49,806 25,698
Amounts owed to participating interests 412,968 -
Taxation and social security 15,084 24,428
Other creditors 381,271 361,324
934,728 421,404

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 18,557 22,435

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100,000 Ordinary A £0.01 1,000 1,000
92,308 Ordinary B £0.01 923 923
1,923 1,923