REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 30 APRIL 2023 TO 30 APRIL 2024 |
FOR |
THE AUTOMOBILE CENTRE LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 30 APRIL 2023 TO 30 APRIL 2024 |
FOR |
THE AUTOMOBILE CENTRE LTD |
THE AUTOMOBILE CENTRE LTD (REGISTERED NUMBER: 06386297) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 APRIL 2023 TO 30 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
THE AUTOMOBILE CENTRE LTD |
COMPANY INFORMATION |
FOR THE PERIOD 30 APRIL 2023 TO 30 APRIL 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Fourth & Fifth Floors |
14-15 Lower Grosvenor Place |
London |
SW1W 0EX |
THE AUTOMOBILE CENTRE LTD (REGISTERED NUMBER: 06386297) |
BALANCE SHEET |
30 APRIL 2024 |
30.4.24 | 29.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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 AUTOMOBILE CENTRE LTD (REGISTERED NUMBER: 06386297) |
BALANCE SHEET - continued |
30 APRIL 2024 |
The financial statements were approved by the director and authorised for issue on |
THE AUTOMOBILE CENTRE LTD (REGISTERED NUMBER: 06386297) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 APRIL 2023 TO 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
The Automobile Centre Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 represents value of goods and services, net of VAT. |
Tangible fixed assets |
Plant & Machinery 15% on cost |
Fixtures & Fittings 15% on cost |
Computer equipment 20% on cost |
Motor vehicles 25% on cost |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Going concern |
The company has reduced its negative reserves to £92,015 (2023: 65,927).. The company also has adequate cash balances. |
At the time of approving the financial statements, the director have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
THE AUTOMOBILE CENTRE LTD (REGISTERED NUMBER: 06386297) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 APRIL 2023 TO 30 APRIL 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 30 April 2023 |
and 30 April 2024 |
DEPRECIATION |
At 30 April 2023 |
Charge for period |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 29 April 2023 |
5. | DEBTORS |
30.4.24 | 29.4.23 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 29.4.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.4.24 | 29.4.23 |
£ | £ |
Bank loans |
THE AUTOMOBILE CENTRE LTD (REGISTERED NUMBER: 06386297) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 APRIL 2023 TO 30 APRIL 2024 |
8. | ULTIMATE CONTROLLING PARTY |
The director is the ultimate controlling party of the company. |