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Company Registration No. 7321243 (England and Wales)
AUTO ELEMENTS LTD Unaudited accounts for the year ended 31 July 2024
AUTO ELEMENTS LTD Unaudited accounts Contents
Page
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AUTO ELEMENTS LTD Company Information for the year ended 31 July 2024
Director
D Hawthorn
Company Number
7321243 (England and Wales)
Registered Office
OFFICE 7 37-39 SHAKESPEARE STREET SOUTHPORT MERSEYSIDE PR8 5AB UNITED KINGDOM
Accountants
Henshaws Accountants Office 7 37-39 Shakespeare Street Southport PR8 5AB
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AUTO ELEMENTS LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
22,714 
11,515 
Cash at bank and in hand
17,297 
13,122 
40,011 
24,637 
Creditors: amounts falling due within one year
(22,698)
(8,684)
Net current assets
17,313 
15,953 
Net assets
17,313 
15,953 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
17,312 
15,952 
Shareholders' funds
17,313 
15,953 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 6 January 2025 and were signed on its behalf by
D Hawthorn Director Company Registration No. 7321243
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AUTO ELEMENTS LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
AUTO ELEMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 7321243. The registered office is OFFICE 7 37-39 SHAKESPEARE STREET, SOUTHPORT, MERSEYSIDE, PR8 5AB, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
2,138 
At 31 July 2024
2,138 
Depreciation
At 1 August 2023
2,138 
At 31 July 2024
2,138 
Net book value
At 31 July 2024
- 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,344 
- 
Loans from directors
20,854 
8,184 
Accruals
500 
500 
22,698 
8,684 
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AUTO ELEMENTS LTD Notes to the Accounts for the year ended 31 July 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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