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Registered Number: 10643468
England and Wales

 

 

 

NOTTINGHAM AUTO REPAIR LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Report to the directors on the preparation of the unaudited statutory accounts of Nottingham Auto Repair Ltd for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nottingham Auto Repair Ltd for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Nottingham Auto Repair Ltd, as a body, in accordance with the terms of our engagement letter dated 08 July 2024 . Our work has been undertaken solely to prepare for your approval the accounts of Nottingham Auto Repair Ltd and state those matters that we have agreed to state to the Board of Directors of Nottingham Auto Repair Ltd, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nottingham Auto Repair Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Nottingham Auto Repair Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Nottingham Auto Repair Ltd.You consider that Nottingham Auto Repair Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Nottingham Auto Repair Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 29 February 2024.



....................................................
Akhter's Limited
Akhter's Limited

64
Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FN
08 July 2024
1
  2024   2023
    £ £   £ £
Fixed assets   11,415      13,922 
Current assets 10,879      50,907   
Creditors: amount falling due within one year (17,122)     (31,087)  
Net current assets   (6,243)     19,820 
Total assets less current liabilities   5,172      33,742 
Creditors: amount falling due after more than one year   (8,086)     (33,158)
Net assets   (2,914)     584 
 

         
Capital and reserves   (2,914)     584 
 
NOTES TO THE ACCOUNTS

General Information
Nottingham Auto Repair Ltd is a private company, limited by shares, registered in England and Wales, registration number 10643468, registration address Akhter House, 45 Leopold Street, Derby, DE1 2HF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18% Reducing Balance
Motor Vehicles 18% Reducing Balance
Fixtures and Fittings 18% Reducing Balance
Computer Equipment 18 Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 March 2023 4,141    13,826    22,239    1,049    41,255 
Additions        
Disposals        
At 29 February 2024 4,141    13,826    22,239    1,049    41,255 
Depreciation
At 01 March 2023 2,882    8,384    15,478    589    27,333 
Charge for year 227    980    1,217    83    2,507 
On disposals        
At 29 February 2024 3,109    9,364    16,695    672    29,840 
Net book values
Closing balance as at 29 February 2024 1,032    4,462    5,544    377    11,415 
Opening balance as at 01 March 2023 1,259    5,442    6,761    460    13,922 


3.

Average number of employees

Average number of employees during the year was 3 (2023 : 2).


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 08 July 2024 and were signed by:


--------------------------------
Mushtaq Hussain
Director
2