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Company Registration No. 12235907 (England and Wales)
AC Automotive Electrical Limited Unaudited accounts for the period from 1 November 2023 to 30 May 2024
AC Automotive Electrical Limited Unaudited accounts Contents
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AC Automotive Electrical Limited Company Information for the period from 1 November 2023 to 30 May 2024
Directors
A G Cross L Noon
Company Number
12235907 (England and Wales)
Registered Office
Unit 2, Bentley Farm Warton Tamworth Staffordshire B79 0HD
Accountants
R M Accountancy Services Ltd The Old Post Office 137-139 Long Street Dordon Staffordshire B78 1SH
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AC Automotive Electrical Limited Statement of financial position as at 30 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
27,088 
Current assets
Inventories
- 
2,100 
Debtors
1,147 
1,797 
Cash at bank and in hand
5,801 
4,081 
6,948 
7,978 
Creditors: amounts falling due within one year
(11,063)
(31,172)
Net current liabilities
(4,115)
(23,194)
Net (liabilities)/assets
(4,115)
3,894 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(4,117)
3,892 
Shareholders' funds
(4,115)
3,894 
For the period ending 30 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 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 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 of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by
A G Cross Director Company Registration No. 12235907
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AC Automotive Electrical Limited Notes to the Accounts for the period from 1 November 2023 to 30 May 2024
1
Statutory information
AC Automotive Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 12235907. The registered office is Unit 2, Bentley Farm, Warton, Tamworth, Staffordshire, B79 0HD. The company is in the process of being wound up.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Presentation currency
The accounts are presented in £ sterling.
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AC Automotive Electrical Limited Notes to the Accounts for the period from 1 November 2023 to 30 May 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2023
64,817 
Disposals
(64,817)
At 30 May 2024
- 
Depreciation
At 1 November 2023
37,729 
On disposals
(37,729)
At 30 May 2024
- 
Net book value
At 30 May 2024
- 
At 31 October 2023
27,088 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,147 
1,797 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,338 
3,724 
Obligations under finance leases and hire purchase contracts
1,058 
2,100 
Trade creditors
1,089 
3,236 
Taxes and social security
9,474 
5,937 
Loans from directors
(6,688)
16,175 
Accruals
792 
- 
11,063 
31,172 
7
Average number of employees
During the period the average number of employees was 3 (2023: 3).
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