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AUTOMOTIVE EXPOSURE LIMITED

Registered Number
07700681
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

AUTOMOTIVE EXPOSURE LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

CALO, Mauro

Registered Address

4 Lime Grove
Twickenham
TW1 1EL

Registered Number

07700681 (England and Wales)
AUTOMOTIVE EXPOSURE LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3-257
-257
Current assets
Debtors558,42260,283
Cash at bank and on hand-1,844
58,42262,127
Creditors amounts falling due within one year6(55,814)(57,467)
Net current assets (liabilities)2,6084,660
Total assets less current liabilities2,6084,917
Creditors amounts falling due after one year7(2,053)(4,392)
Net assets555525
Capital and reserves
Called up share capital100100
Profit and loss account455425
Shareholders' funds555525
The financial statements were approved and authorised for issue by the Director on 21 January 2025, and are signed on its behalf by:
CALO, Mauro
Director
Registered Company No. 07700681
AUTOMOTIVE EXPOSURE LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 July 233,8213,821
At 30 June 243,8213,821
Depreciation and impairment
At 01 July 233,5643,564
Charge for year257257
At 30 June 243,8213,821
Net book value
At 30 June 24--
At 30 June 23257257
4.Stocks
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables53,15055,012
Deferred tax asset, debtors5,2725,271
Total58,42260,283
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,7333,287
Bank borrowings and overdrafts2,5512,400
Taxation and social security49,02950,279
Accrued liabilities and deferred income1,5011,501
Total55,81457,467
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts2,0534,392
Total2,0534,392
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
CALO, Mauro44,67347,32555,59836,400
Directors Loan
44,67347,32555,59836,400
The debt is expected to be wholly repaid within 9 months of the year end date.