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REGISTERED NUMBER: 00627886 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Auto Scales & Service Co. Limited

Auto Scales & Service Co. Limited (Registered number: 00627886)






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 Scales & Service Co. Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A Leman
Mrs H A Leman





SECRETARY: Mrs H A Leman





REGISTERED OFFICE: Truweigh House
Ordnance Street
Blackburn
Lancashire
BB1 3AE





REGISTERED NUMBER: 00627886 (England and Wales)





ACCOUNTANTS: Xeinadin
Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Auto Scales & Service Co. Limited (Registered number: 00627886)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,797 2,115
Tangible assets 5 112,081 144,759
Investments 6 5,299 5,299
119,177 152,173

CURRENT ASSETS
Stocks 63,622 59,263
Debtors 7 108,934 100,130
Cash at bank and in hand 100,668 93,703
273,224 253,096
CREDITORS
Amounts falling due within one year 8 101,003 98,069
NET CURRENT ASSETS 172,221 155,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,398

307,200

CREDITORS
Amounts falling due after more than
one year

9

(22,806

)

(28,787

)

PROVISIONS FOR LIABILITIES (12,824 ) (19,510 )
NET ASSETS 255,768 258,903

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 255,518 258,653
SHAREHOLDERS' FUNDS 255,768 258,903

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 Scales & Service Co. Limited (Registered number: 00627886)

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 26 February 2025 and were signed on its behalf by:





Mrs H A Leman - Director


Auto Scales & Service Co. Limited (Registered number: 00627886)

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

1. STATUTORY INFORMATION

Auto Scales & Service Co. 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.

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.

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 was the amount paid in connection with the acquisition of a business in 1982 and was amortised over its estimated useful life of ten 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.

Development costs are being amortised on a 15% reducing balance basis.

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 - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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 Scales & Service Co. Limited (Registered number: 00627886)

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.

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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 5,923 6,000 11,923
AMORTISATION
At 1 June 2023 5,923 3,885 9,808
Charge for year - 318 318
At 31 May 2024 5,923 4,203 10,126
NET BOOK VALUE
At 31 May 2024 - 1,797 1,797
At 31 May 2023 - 2,115 2,115

Auto Scales & Service Co. Limited (Registered number: 00627886)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 25,025 73,509 100,408 153,511 352,453
Additions - 1,157 711 - 1,868
At 31 May 2024 25,025 74,666 101,119 153,511 354,321
DEPRECIATION
At 1 June 2023 19,462 59,158 86,553 42,521 207,694
Charge for year 835 2,244 2,111 29,356 34,546
At 31 May 2024 20,297 61,402 88,664 71,877 242,240
NET BOOK VALUE
At 31 May 2024 4,728 13,264 12,455 81,634 112,081
At 31 May 2023 5,563 14,351 13,855 110,990 144,759

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 50,240
NET BOOK VALUE
At 31 May 2024 50,240
At 31 May 2023 50,240

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Antique scales 5,299 5,299

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 108,934 100,130

Auto Scales & Service Co. Limited (Registered number: 00627886)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 5,981 5,981
Trade creditors 11,357 12,280
Tax 12,855 3,679
Social security and other taxes 2,973 11,905
VAT 13,092 -
Other creditors 736 765
Directors' loan accounts - 10,000
Accrued expenses 54,009 53,459
101,003 98,069

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 22,806 28,787

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,981 5,981
Between one and five years 22,806 28,787
28,787 34,768

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 23,400