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REGISTERED NUMBER: 01810363 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

AUTOCARE (BENFLEET) LIMITED

AUTOCARE (BENFLEET) LIMITED (REGISTERED NUMBER: 01810363)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUTOCARE (BENFLEET) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr M Davey
Mr P Parsons





REGISTERED OFFICE: 3-5 Chase Road
Corringham
Essex
SS17 7QH





REGISTERED NUMBER: 01810363 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

AUTOCARE (BENFLEET) LIMITED (REGISTERED NUMBER: 01810363)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 218,750 256,250
Tangible assets 6 28,835 30,719
247,585 286,969

CURRENT ASSETS
Stocks 247,601 235,515
Debtors 7 1,285,491 1,155,605
Cash at bank and in hand 325,944 243,042
1,859,036 1,634,162
CREDITORS
Amounts falling due within one year 8 335,991 295,478
NET CURRENT ASSETS 1,523,045 1,338,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,770,630

1,625,653

PROVISIONS FOR LIABILITIES 10 7,209 7,565
NET ASSETS 1,763,421 1,618,088

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,763,321 1,617,988
SHAREHOLDERS' FUNDS 1,763,421 1,618,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

AUTOCARE (BENFLEET) LIMITED (REGISTERED NUMBER: 01810363)

BALANCE SHEET - continued
30 JUNE 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 23 December 2024 and were signed on its behalf by:





Mr P Parsons - Director


AUTOCARE (BENFLEET) LIMITED (REGISTERED NUMBER: 01810363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Autocare (Benfleet) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured,
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Capital expenditure on property - 20% straight line basis
Motor vehicles - 20% on reducing balance
Fixtures and equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


AUTOCARE (BENFLEET) LIMITED (REGISTERED NUMBER: 01810363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 750,000
AMORTISATION
At 1 July 2023 493,750
Charge for year 37,500
At 30 June 2024 531,250
NET BOOK VALUE
At 30 June 2024 218,750
At 30 June 2023 256,250

AUTOCARE (BENFLEET) LIMITED (REGISTERED NUMBER: 01810363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. TANGIBLE FIXED ASSETS
Capital
expenditure Fixtures
on Motor and
property vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 3,911 40,813 87,352 132,076
Additions - 2,150 3,006 5,156
Disposals - (7,582 ) - (7,582 )
At 30 June 2024 3,911 35,381 90,358 129,650
DEPRECIATION
At 1 July 2023 3,911 19,358 78,088 101,357
Charge for year - 4,495 2,131 6,626
Eliminated on disposal - (7,168 ) - (7,168 )
At 30 June 2024 3,911 16,685 80,219 100,815
NET BOOK VALUE
At 30 June 2024 - 18,696 10,139 28,835
At 30 June 2023 - 21,455 9,264 30,719

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,715 54,537
Amounts owed by group undertakings 1,187,377 1,061,303
Other debtors 38,399 39,765
1,285,491 1,155,605

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 212,211 198,468
Corporation tax 77,374 55,952
Social security and other taxes 34,897 30,345
Other creditors 11,509 10,713
335,991 295,478

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 54,000 54,000
Between one and five years 27,000 81,000
81,000 135,000

AUTOCARE (BENFLEET) LIMITED (REGISTERED NUMBER: 01810363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,209 7,565

Deferred
tax
£   
Balance at 1 July 2023 7,565
Credit to Income Statement during year (356 )
Balance at 30 June 2024 7,209

The provision for deferred taxation is made up of accelerated capital allowances.

11. PENSION COMMITMENTS

The company operates two defined contribution pension schemes. The assets of the scheme are held separately from those of the company in independently administered funds. At the balance sheet date there were £903 unpaid contributions (2023: £1,077).