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REGISTERED NUMBER: 06386297 (England and Wales)















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: K Vara





REGISTERED OFFICE: Unit 18 Capitol Industrial Estate
Capitol Way
Colindale
London
NW9 0EQ





REGISTERED NUMBER: 06386297 (England and Wales)





ACCOUNTANTS: AKS Advisers
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 4 924 1,629

CURRENT ASSETS
Stocks 1,190 1,134
Debtors 5 56,550 58,374
Cash at bank and in hand 30,510 68,415
88,250 127,923
CREDITORS
Amounts falling due within one year 6 170,332 176,537
NET CURRENT LIABILITIES (82,082 ) (48,614 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(81,158

)

(46,985

)

CREDITORS
Amounts falling due after more than one
year

7

10,857

18,942
NET LIABILITIES (92,015 ) (65,927 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (92,016 ) (65,928 )
SHAREHOLDERS' FUNDS (92,015 ) (65,927 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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 AUTOMOBILE CENTRE LTD (REGISTERED NUMBER: 06386297)

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 director and authorised for issue on 31 January 2025 and were signed by:





K Vara - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 4 (2023 - 3 ) .

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 99,810 75,515 3,463 7,771 186,559
DEPRECIATION
At 30 April 2023 99,810 75,515 3,463 6,142 184,930
Charge for period - - - 705 705
At 30 April 2024 99,810 75,515 3,463 6,847 185,635
NET BOOK VALUE
At 30 April 2024 - - - 924 924
At 29 April 2023 - - - 1,629 1,629


5. DEBTORS
30.4.24 29.4.23
£    £   
Amounts falling due within one year:
Trade debtors 7,342 14,724
Other debtors 47,925 43,650
55,267 58,374

Amounts falling due after more than one year:
Other debtors 1,283 -

Aggregate amounts 56,550 58,374

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 29.4.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 5,875 881
Taxation and social security 57 3,115
Other creditors 153,752 161,893
170,332 176,537

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 29.4.23
£    £   
Bank loans 10,857 18,942

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.