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Registered number: 13360141
Acton Coachworks Sports Parts Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
E Johnson & Associates Ltd
637 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13360141
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,800 3,200
Tangible Assets 5 30,195 66,812
32,995 70,012
CURRENT ASSETS
Stocks 6 2,760 32,682
Debtors 7 314,935 314,985
Cash at bank and in hand 4,699 22,121
322,394 369,788
Creditors: Amounts Falling Due Within One Year 8 (337,790 ) (271,209 )
NET CURRENT ASSETS (LIABILITIES) (15,396 ) 98,579
TOTAL ASSETS LESS CURRENT LIABILITIES 17,599 168,591
Creditors: Amounts Falling Due After More Than One Year 9 - (25,469 )
NET ASSETS 17,599 143,122
CAPITAL AND RESERVES
Called up share capital 11 200,000 200,000
Profit and Loss Account (182,401 ) (56,878 )
SHAREHOLDERS' FUNDS 17,599 143,122
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C D Prisacaru
Director
31st January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Acton Coachworks Sports Parts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13360141 . The registered office is 3 School Road, London, NW10 6TD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 20)
18 20
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4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 4,000
As at 30 April 2024 4,000
Amortisation
As at 1 May 2023 800
Provided during the period 400
As at 30 April 2024 1,200
Net Book Value
As at 30 April 2024 2,800
As at 1 May 2023 3,200
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 63,299 40,833 - 104,132
Additions 2,977 - 1,096 4,073
Disposals - (40,833 ) - (40,833 )
As at 30 April 2024 66,276 - 1,096 67,372
Depreciation
As at 1 May 2023 27,112 10,208 - 37,320
Provided during the period 9,791 - 274 10,065
Disposals - (10,208 ) - (10,208 )
As at 30 April 2024 36,903 - 274 37,177
Net Book Value
As at 30 April 2024 29,373 - 822 30,195
As at 1 May 2023 36,187 30,625 - 66,812
6. Stocks
2024 2023
£ £
Work in progress 2,760 32,682
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,752 85,941
Other debtors 292,183 229,044
314,935 314,985
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 9,551
Trade creditors 124,861 57,980
Bank loans and overdrafts - 20,270
Other loans 85,771 26,692
Other creditors 62,845 85,388
Taxation and social security 64,313 71,328
337,790 271,209
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 25,469
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 9,551
Later than one year and not later than five years - 25,469
- 35,020
- 35,020
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
200,000 Ordinary Shares of £ 1.00 each 200,000 200,000
12. Related Party Transactions
During the year, no dividend was paid to the director.
13. Ultimate Controlling Party
The company is controlled by the directors of the company.
Page 5