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REGISTERED NUMBER: 07614898 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

AUTO INDUSTRY CONSULTING LTD

AUTO INDUSTRY CONSULTING LTD (REGISTERED NUMBER: 07614898)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


AUTO INDUSTRY CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: RC Cardy





REGISTERED OFFICE: 9 Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: 07614898 (England and Wales)





ACCOUNTANTS: Maxwell & Co
9 Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT

AUTO INDUSTRY CONSULTING LTD (REGISTERED NUMBER: 07614898)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,355 22,433

CURRENT ASSETS
Debtors 5 604,900 688,891
Cash at bank 184,471 337,777
789,371 1,026,668
CREDITORS
Amounts falling due within one year 635,718 569,429
NET CURRENT ASSETS 153,653 457,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,008

479,672

CAPITAL AND RESERVES
Called up share capital 50 100
Capital redemption reserve 7 50 -
Retained earnings 7 173,908 479,572
SHAREHOLDERS' FUNDS 174,008 479,672

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 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





RC Cardy - Director


AUTO INDUSTRY CONSULTING LTD (REGISTERED NUMBER: 07614898)

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

1. STATUTORY INFORMATION

Auto Industry Consulting Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding, discounts, rebates and value added tax. Turnover includes the rendering of services which are recognised over the period of service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Web site - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

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.

AUTO INDUSTRY CONSULTING LTD (REGISTERED NUMBER: 07614898)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 102,866
Additions 8,740
At 30 April 2024 111,606
DEPRECIATION
At 1 May 2023 80,433
Charge for year 10,818
At 30 April 2024 91,251
NET BOOK VALUE
At 30 April 2024 20,355
At 30 April 2023 22,433

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors 146,804 97,066

6. DEFERRED TAX
£   
Balance at 1 May 2023 (1,387 )
Provided during year (297 )
Balance at 30 April 2024 (1,684 )

AUTO INDUSTRY CONSULTING LTD (REGISTERED NUMBER: 07614898)

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

7. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 May 2023 479,572 - 479,572
Profit for the year 234,091 234,091
Dividends (188,000 ) (188,000 )
Purchase of own shares (351,755 ) 50 (351,705 )
At 30 April 2024 173,908 50 173,958

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
RC Cardy
Balance outstanding at start of year 320,025 172,653
Amounts advanced 187,380 147,372
Amounts repaid (188,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 319,405 320,025

A Marsh
Balance outstanding at start of year 166,540 145,118
Amounts advanced - 21,422
Amounts repaid (166,540 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 166,540