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Company Registration No. 12598328 (England and Wales)
Autocentric Ltd Unaudited accounts for the year ended 31 May 2024
Autocentric Ltd Unaudited accounts Contents
Page
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Autocentric Ltd Company Information for the year ended 31 May 2024
Director
Mr Abraham Kingsley
Company Number
12598328 (England and Wales)
Registered Office
Autocentric Ltd Unit C0 Manor Way Business Park, Manor Way Swanscombe Kent DA10 0PP England
Accountants
MCC Partners 1a Saddington Street Gravesend Kent DA12 1ED
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Autocentric Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,950 
15,313 
Current assets
Debtors
5,226 
- 
Cash at bank and in hand
11,756 
141 
16,982 
141 
Creditors: amounts falling due within one year
(48,024)
(850)
Net current liabilities
(31,042)
(709)
Total assets less current liabilities
(20,092)
14,604 
Creditors: amounts falling due after more than one year
- 
(39,072)
Net liabilities
(20,092)
(24,468)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(20,093)
(24,469)
Shareholders' funds
(20,092)
(24,468)
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 January 2025 and were signed on its behalf by
Mr Abraham Kingsley Director Company Registration No. 12598328
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Autocentric Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Autocentric Ltd is a private company, limited by shares, registered in England and Wales, registration number 12598328. The registered office is Autocentric Ltd, Unit C0, Manor Way Business Park, Manor Way, Swanscombe, Kent, DA10 0PP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight Line Basis
Fixtures & fittings
25% Straight Line Basis
Computer equipment
25% Straight Line Basis
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
18,702 
10,000 
4,500 
33,202 
Additions
5,250 
- 
- 
5,250 
At 31 May 2024
23,952 
10,000 
4,500 
38,452 
Depreciation
At 1 June 2023
7,014 
7,500 
3,375 
17,889 
Charge for the year
5,988 
2,500 
1,125 
9,613 
At 31 May 2024
13,002 
10,000 
4,500 
27,502 
Net book value
At 31 May 2024
10,950 
- 
- 
10,950 
At 31 May 2023
11,688 
2,500 
1,125 
15,313 
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Autocentric Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,417 
- 
Deferred tax asset
3,410 
Other debtors
399 
- 
5,226 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
36,791 
- 
VAT
3,752 
- 
Trade creditors
5,414 
850 
Accruals
2,067 
- 
48,024 
850 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
39,072 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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