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REGISTERED NUMBER: 03134980 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

AUTOLAMPS LIMITED

AUTOLAMPS LIMITED (REGISTERED NUMBER: 03134980)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUTOLAMPS LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: R N Wilding
Mrs S C Wilding
R N Wilding
T Preston





REGISTERED OFFICE: Adams Way
Springfield Business Park
Alcester
Warwickshire
B49 6PU





REGISTERED NUMBER: 03134980 (England and Wales)






AUTOLAMPS LIMITED (REGISTERED NUMBER: 03134980)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,186 40,455

CURRENT ASSETS
Stocks 65,562 120,574
Debtors 5 230,506 325,581
Cash at bank 587,592 443,350
883,660 889,505
CREDITORS
Amounts falling due within one year 6 10,076 (1,479 )
NET CURRENT ASSETS 873,584 890,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

907,770

931,439

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 907,670 931,339
907,770 931,439

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

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

AUTOLAMPS LIMITED (REGISTERED NUMBER: 03134980)

BALANCE SHEET - continued
30 April 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 January 2025 and were signed on its behalf by:





R N Wilding - Director


AUTOLAMPS LIMITED (REGISTERED NUMBER: 03134980)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Autolamps 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. 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - Over 5 years
Motor vehicles - 25% on cost
Computer equipment - Straight line over 3 years

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

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.


AUTOLAMPS LIMITED (REGISTERED NUMBER: 03134980)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant & Fixtures Motor Computer
machinery & fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 - 27,526 16,786 8,768 53,080
Additions 7,625 - - - 7,625
At 30 April 2024 7,625 27,526 16,786 8,768 60,705
DEPRECIATION
At 1 May 2023 - 5,505 4,197 2,923 12,625
Charge for year 1,271 5,505 4,196 2,922 13,894
At 30 April 2024 1,271 11,010 8,393 5,845 26,519
NET BOOK VALUE
At 30 April 2024 6,354 16,516 8,393 2,923 34,186
At 30 April 2023 - 22,021 12,589 5,845 40,455

AUTOLAMPS LIMITED (REGISTERED NUMBER: 03134980)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 227,351 317,121
Other debtors 3,155 8,460
230,506 325,581

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account (74,038 ) (108,066 )
Trade creditors 57,257 82,977
Amounts owed to group undertakings 4,559 117
Taxation and social security 13,359 6,426
Other creditors 8,939 17,067
10,076 (1,479 )

7. PENSION COMMITMENTS

The company operates defined contribution pension schemes in respect of certain employees. The schemes and their assets are held by independent managers. Included within the accounts there is a balance due from pension providers of £711 (2023 - £591l) representing contributions owed from the funds.

8. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.