Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30No description of principal activityfalsetrue2023-07-01false11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00406322 2023-07-01 2024-06-30 00406322 2022-07-01 2023-06-30 00406322 2024-06-30 00406322 2023-06-30 00406322 2022-07-01 00406322 c:Director1 2023-07-01 2024-06-30 00406322 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 00406322 d:Buildings d:LongLeaseholdAssets 2024-06-30 00406322 d:Buildings d:LongLeaseholdAssets 2023-06-30 00406322 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 00406322 d:PlantMachinery 2023-07-01 2024-06-30 00406322 d:PlantMachinery 2024-06-30 00406322 d:PlantMachinery 2023-06-30 00406322 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00406322 d:MotorVehicles 2023-07-01 2024-06-30 00406322 d:MotorVehicles 2024-06-30 00406322 d:MotorVehicles 2023-06-30 00406322 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00406322 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00406322 d:FreeholdInvestmentProperty 2024-06-30 00406322 d:FreeholdInvestmentProperty 2023-06-30 00406322 d:CurrentFinancialInstruments 2024-06-30 00406322 d:CurrentFinancialInstruments 2023-06-30 00406322 d:Non-currentFinancialInstruments 2024-06-30 00406322 d:Non-currentFinancialInstruments 2023-06-30 00406322 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 00406322 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 00406322 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 00406322 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 00406322 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 00406322 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 00406322 d:ShareCapital 2024-06-30 00406322 d:ShareCapital 2023-06-30 00406322 d:RetainedEarningsAccumulatedLosses 2024-06-30 00406322 d:RetainedEarningsAccumulatedLosses 2023-06-30 00406322 c:FRS102 2023-07-01 2024-06-30 00406322 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 00406322 c:FullAccounts 2023-07-01 2024-06-30 00406322 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00406322 2 2023-07-01 2024-06-30 00406322 6 2023-07-01 2024-06-30 00406322 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 00406322 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 00406322 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 00406322










ATTLEBOROUGH MOTOR WORKS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
ATTLEBOROUGH MOTOR WORKS LIMITED
REGISTERED NUMBER: 00406322

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
66,317
44,389

Investments
 5 
4
4

Investment property
 6 
2,104,351
2,104,351

  
2,170,672
2,148,744

Current assets
  

Debtors: amounts falling due after more than one year
 7 
398
65,634

Debtors: amounts falling due within one year
 7 
5,781
76,085

Bank and cash balances
  
197,712
229,241

  
203,891
370,960

Creditors: amounts falling due within one year
 8 
(283,501)
(336,515)

Net current (liabilities)/assets
  
 
 
(79,610)
 
 
34,445

Total assets less current liabilities
  
2,091,062
2,183,189

Creditors: amounts falling due after more than one year
 9 
-
(61,500)

Provisions for liabilities
  

Deferred Taxation
  
(24,964)
(28,922)

  
 
 
(24,964)
 
 
(28,922)

Net assets
  
2,066,098
2,092,767


Capital and reserves
  

Called up share capital 
  
250,000
250,000

Profit and loss account
  
1,816,098
1,842,767

  
2,066,098
2,092,767


Page 1

 
ATTLEBOROUGH MOTOR WORKS LIMITED
REGISTERED NUMBER: 00406322
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 February 2025.




J R Dingle
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
ATTLEBOROUGH MOTOR WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Attleborough Motor Works Limited is a private company limited by shares and incorporated in England and Wales, registration number 00406322. The registered office is West Carr Farm, West Carr Road, Attleborough, Norfolk, NR17 1AN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Rental income is accounted for on a receivables basis.

 
2.3

Operating leases: the Company as lessee

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

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
ATTLEBOROUGH MOTOR WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
ATTLEBOROUGH MOTOR WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold property improvements
-
33.33% straight line
Plant and machinery
-
4% to 50% straight line
Motor vehicles
-
25% reducing balance

  
2.9

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
ATTLEBOROUGH MOTOR WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

 The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
ATTLEBOROUGH MOTOR WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 July 2023
68,263
71,092
50,547
189,902


Additions
-
9,766
36,660
46,426


Disposals
-
(4,282)
-
(4,282)



At 30 June 2024

68,263
76,576
87,207
232,046



Depreciation


At 1 July 2023
68,263
66,719
10,531
145,513


Charge for the year on owned assets
-
3,688
19,169
22,857


Disposals
-
(2,641)
-
(2,641)



At 30 June 2024

68,263
67,766
29,700
165,729



Net book value



At 30 June 2024
-
8,810
57,507
66,317



At 30 June 2023
-
4,373
40,016
44,389

Page 7

 
ATTLEBOROUGH MOTOR WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 July 2023
4



At 30 June 2024
4




The company holds 20% or more of the share capital of the following companies:
          
Capital and  Profit / (loss)
Company
    Class of         reserves   for the year
     Shares held    %   
       £           £
Dingle Brothers Ltd   Ordinary  100          2           -
Dingles Motor Group Limited  Ordinary  100          2           -  
The registered office address for the subsidiary companies are: West Carr Farm, West Carr Road, Attleborough, Norfolk, NR17 1AN.


6.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
2,104,351



At 30 June 2024
2,104,351

The 2024 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,500,821
1,500,821

1,500,821
1,500,821

Page 8

 
ATTLEBOROUGH MOTOR WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by participating interests
-
64,916

Prepayments and accrued income
398
718

398
65,634


2024
2023
£
£

Due within one year

Trade debtors
300
-

Amounts owed by participating interests
3,069
62,359

Other debtors
95
-

Prepayments and accrued income
2,317
13,726

5,781
76,085



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
61,500
60,741

Trade creditors
6,223
1,258

Corporation tax
-
8,181

Other taxation and social security
1,734
4,501

Other creditors
199,356
248,480

Accruals and deferred income
14,688
13,354

283,501
336,515


The other loan represents a loan from the Company's SSAS which was secured with a first charge over the Company's property at Buckenham Road, Attleborough.   

Page 9

 
ATTLEBOROUGH MOTOR WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
-
61,500

-
61,500


The other loan represents a loan from the Company's SSAS which was secured with a first charge over the Company's property at Buckenham Road, Attleborough.  


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
61,500
60,741


61,500
60,741

Amounts falling due 1-2 years

Other loans
-
61,500


-
61,500



61,500
122,241


Page 10

 
ATTLEBOROUGH MOTOR WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Deferred taxation




2024
2023


£

£






At beginning of year
(28,922)
(30,699)


Utilised in year
3,958
1,777



At end of year
(24,964)
(28,922)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(24,964)
(28,922)

(24,964)
(28,922)




 
Page 11