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REGISTERED NUMBER: 06766993 (England and Wales)















AUTO SUPPORT LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2024






AUTO SUPPORT LIMITED (REGISTERED NUMBER: 06766993)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUTO SUPPORT LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R P Dawson
N Dawson
R Dawson





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
B3 1PX





REGISTERED NUMBER: 06766993 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

AUTO SUPPORT LIMITED (REGISTERED NUMBER: 06766993)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,964 32,552
Tangible assets 5 1,551,579 1,540,452
1,578,543 1,573,004

CURRENT ASSETS
Stocks 10,498 10,137
Debtors 6 329,798 464,110
Cash at bank and in hand 45,929 36,468
386,225 510,715
CREDITORS
Amounts falling due within one year 7 585,231 860,529
NET CURRENT LIABILITIES (199,006 ) (349,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,379,537

1,223,190

CREDITORS
Amounts falling due after more than one
year

8

(281,056

)

(154,075

)

PROVISIONS FOR LIABILITIES (375,009 ) (359,128 )
NET ASSETS 723,472 709,987

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 723,372 709,887
723,472 709,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

AUTO SUPPORT LIMITED (REGISTERED NUMBER: 06766993)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





R P Dawson - Director


AUTO SUPPORT LIMITED (REGISTERED NUMBER: 06766993)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Auto Support Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 50% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


AUTO SUPPORT LIMITED (REGISTERED NUMBER: 06766993)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 111,758
AMORTISATION
At 1 June 2023 79,206
Charge for year 5,588
At 31 May 2024 84,794
NET BOOK VALUE
At 31 May 2024 26,964
At 31 May 2023 32,552

AUTO SUPPORT LIMITED (REGISTERED NUMBER: 06766993)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 June 2023 12,155 111,518 79,737
Additions - - 4,104
Disposals - - -
At 31 May 2024 12,155 111,518 83,841
DEPRECIATION
At 1 June 2023 4,862 33,958 47,987
Charge for year 1,216 10,893 6,569
Eliminated on disposal - - -
At 31 May 2024 6,078 44,851 54,556
NET BOOK VALUE
At 31 May 2024 6,077 66,667 29,285
At 31 May 2023 7,293 77,560 31,750

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 99,773 2,697,094 94,182 3,094,459
Additions 711 283,979 4,893 293,687
Disposals - (184,778 ) - (184,778 )
At 31 May 2024 100,484 2,796,295 99,075 3,203,368
DEPRECIATION
At 1 June 2023 64,795 1,317,662 84,743 1,554,007
Charge for year 5,299 210,670 5,990 240,637
Eliminated on disposal - (142,855 ) - (142,855 )
At 31 May 2024 70,094 1,385,477 90,733 1,651,789
NET BOOK VALUE
At 31 May 2024 30,390 1,410,818 8,342 1,551,579
At 31 May 2023 34,978 1,379,432 9,439 1,540,452

The net book value of tangible fixed assets includes £ 752,274 (2023 - £ 646,120 ) in respect of assets held under hire purchase contracts.

AUTO SUPPORT LIMITED (REGISTERED NUMBER: 06766993)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 184,489 179,719
Amounts owed by associates - 139,882
Other debtors 56,734 56,734
Prepayments 88,575 87,775
329,798 464,110

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 238,692 446,755
Trade creditors 53,396 93,676
Amounts owed to associates 105,331 -
Social security and other taxes 31,465 67,651
Other creditors 7,622 10,751
Inter company (173,000 ) -
Directors' current accounts 200,223 149,344
Accrued expenses 71,502 42,352
585,231 860,529

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 54,075 104,075
Hire purchase contracts 176,981 -
281,056 154,075

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments in respect of operating leases which are not included in the balance sheet amount to £924,728 (2023 - £697,540).