Registered number
04801912
AUTOWELD (STANDISH) LTD
Filleted Accounts
for the year ended
30 June 2024
AUTOWELD (STANDISH) LTD
Registered number: 04801912
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 3 3
Tangible assets 4 1,751 1,685
1,754 1,688
Current assets
Stocks - 307
Debtors 5 8,612 5,326
Cash at bank and in hand 7,500 12,609
16,112 18,242
Creditors: amounts falling due within one year 6 (17,480) (18,320)
Net current liabilities (1,368) (78)
Net assets 386 1,610
Capital and reserves
Called up share capital 10 10
Profit and loss account 376 1,600
Shareholder's funds 386 1,610
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Allen
Director
Approved by the board on 5 March 2025
AUTOWELD (STANDISH) LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 18,329
At 30 June 2024 18,329
Amortisation
At 1 July 2023 18,326
At 30 June 2024 18,326
Net book value
At 30 June 2024 3
At 30 June 2023 3
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 31,141 15,125 46,266
Additions 650 - 650
At 30 June 2024 31,791 15,125 46,916
Depreciation
At 1 July 2023 29,670 14,911 44,581
Charge for the year 530 54 584
At 30 June 2024 30,200 14,965 45,165
Net book value
At 30 June 2024 1,591 160 1,751
At 30 June 2023 1,471 214 1,685
5 Debtors 2024 2023
£ £
Trade debtors 8,379 3,676
Other debtors 233 1,650
8,612 5,326
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,790 9,010
Trade creditors 1,478 633
Taxation and social security costs 8,502 8,371
Other creditors 710 306
17,480 18,320
7 Other information
AUTOWELD (STANDISH) LTD is a private company limited by shares and incorporated in England. Its registered office is:
10 Broad O'th Lane
Shevington
Wigan
WN6 8EA
AUTOWELD (STANDISH) LTD 04801912 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 G Allen No description of principal activity 04801912 2022-07-01 2023-06-30 04801912 core:WithinOneYear 2023-06-30 04801912 core:ShareCapital 2023-06-30 04801912 core:RetainedEarningsAccumulatedLosses 2023-06-30 04801912 2023-07-01 2024-06-30 04801912 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04801912 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04801912 bus:Director40 2023-07-01 2024-06-30 04801912 2 2023-07-01 2024-06-30 04801912 core:PlantMachinery 2023-07-01 2024-06-30 04801912 core:Vehicles 2023-07-01 2024-06-30 04801912 countries:England 2023-07-01 2024-06-30 04801912 bus:FRS102 2023-07-01 2024-06-30 04801912 bus:FilletedAccounts 2023-07-01 2024-06-30 04801912 2024-06-30 04801912 core:WithinOneYear 2024-06-30 04801912 core:ShareCapital 2024-06-30 04801912 core:RetainedEarningsAccumulatedLosses 2024-06-30 04801912 core:Goodwill 2024-06-30 04801912 core:PlantMachinery 2024-06-30 04801912 core:Vehicles 2024-06-30 04801912 2023-06-30 04801912 core:Goodwill 2023-06-30 04801912 core:PlantMachinery 2023-06-30 04801912 core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure