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REGISTERED NUMBER: 02054324 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

AUTOMOTIVE COMPONENT MARKETING LTD

AUTOMOTIVE COMPONENT MARKETING LTD (REGISTERED NUMBER: 02054324)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AUTOMOTIVE COMPONENT MARKETING LTD

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: Mr P B Tubbs
Mrs J S Bolton



SECRETARY: Mrs J S Bolton



REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD



REGISTERED NUMBER: 02054324 (England and Wales)



ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD



SOLICITORS: Breeze & Wyles
114 Fore Street
Hertford
Hertfordshire
SG14 1AG

AUTOMOTIVE COMPONENT MARKETING LTD (REGISTERED NUMBER: 02054324)

ABRIDGED BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,572 2,095
Investments 5 242,149 214,421
Investment property 6 3,060,363 3,065,500
3,304,084 3,282,016

CURRENT ASSETS
Stocks 3,175 119
Debtors 8,877 9,919
Cash at bank 122,872 114,782
134,924 124,820
CREDITORS
Amounts falling due within one year 1,967,342 1,900,642
NET CURRENT LIABILITIES (1,832,418 ) (1,775,822 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,471,666

1,506,194

CREDITORS
Amounts falling due after more than one year 7 (860,859 ) (909,518 )

PROVISIONS FOR LIABILITIES (123,313 ) (117,666 )
NET ASSETS 487,494 479,010

CAPITAL AND RESERVES
Called up share capital 1,050 1,050
Fair value reserve 451,623 443,495
Retained earnings 34,821 34,465
SHAREHOLDERS' FUNDS 487,494 479,010

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AUTOMOTIVE COMPONENT MARKETING LTD (REGISTERED NUMBER: 02054324)

ABRIDGED BALANCE SHEET - continued
30 September 2024


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 Income Statement and an abridged Balance Sheet for the year ended 30 September 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 Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:





Mr P B Tubbs - Director


AUTOMOTIVE COMPONENT MARKETING LTD (REGISTERED NUMBER: 02054324)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Automotive Component Marketing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Stock includes the costs of a property purchased with the intention of resale.

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.


AUTOMOTIVE COMPONENT MARKETING LTD (REGISTERED NUMBER: 02054324)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs.

Going concern
The directors continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future. The directors are of the opinion that the company will be able to meet any liabilities as and when due with the continued support of the directors and the associated companies.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 51,598
DEPRECIATION
At 1 October 2023 49,503
Charge for year 523
At 30 September 2024 50,026
NET BOOK VALUE
At 30 September 2024 1,572
At 30 September 2023 2,095

AUTOMOTIVE COMPONENT MARKETING LTD (REGISTERED NUMBER: 02054324)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 October 2023 214,421
Revaluations 27,728
At 30 September 2024 242,149
NET BOOK VALUE
At 30 September 2024 242,149
At 30 September 2023 214,421


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 3,065,500
Disposals (5,137 )
At 30 September 2024 3,060,363
NET BOOK VALUE
At 30 September 2024 3,060,363
At 30 September 2023 3,065,500

Investment property was valued on an open market basis on 30 September 2024 by the directors.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans 165,859 214,518

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 165,859 214,518

The mortgage with Metro bank is secured against the properties held by the company.

AUTOMOTIVE COMPONENT MARKETING LTD (REGISTERED NUMBER: 02054324)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

9. RELATED PARTY DISCLOSURES

Included in other creditors, are directors' and related party loans totalling £2,635,261 (2023: £2,578,809) of which £695,000 has been deferred for more than one year.

During the year the company paid interim dividends totalling £4,495 (2023: £11,170) to the director and related parties.

At the balance sheet date, the company owed £51,092 (2023: £50,702) to the directors.