BrightAccountsProduction v1.0.0 v1.0.0 2023-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the transportation of vehicles and the wholesale of vehicles. 26 February 2025 0 0 NI691585 2024-10-31 NI691585 2023-10-31 NI691585 2022-10-31 NI691585 2023-11-01 2024-10-31 NI691585 2022-11-01 2023-10-31 NI691585 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 NI691585 uk-curr:PoundSterling 2023-11-01 2024-10-31 NI691585 uk-bus:AbridgedAccounts 2023-11-01 2024-10-31 NI691585 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI691585 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI691585 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-10-31 NI691585 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-31 NI691585 uk-bus:FRS102 2023-11-01 2024-10-31 NI691585 2023-11-01 2024-10-31 NI691585 uk-bus:Director1 2023-11-01 2024-10-31 NI691585 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI691585
 
 
Auto Trade and Distribution Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 October 2024
Auto Trade and Distribution Ltd
Company Registration Number: NI691585
ABRIDGED BALANCE SHEET
as at 31 October 2024

2024 2023
Notes £ £
 
Current Assets
Debtors 24,144 902
Cash and cash equivalents 74,236 2,807
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98,380 3,709
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Creditors: amounts falling due within one year (97,882) (3,446)
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Net Current Assets 498 263
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Total Assets less Current Liabilities 498 263
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Capital and Reserves
Retained earnings 498 263
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Equity attributable to owners of the company 498 263
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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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 26 February 2025
           
           
________________________________          
Sinead Martin          
Director          
           



Auto Trade and Distribution Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 October 2024

   
1. General Information
 
Auto Trade and Distribution Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI691585. The registered office of the company is 58 Ashgrove Road, Newry, Co Down, BT34 1Q, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 October 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 0, (2023 - 0).
       
4. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 October 2024.
   
5. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.