Company registration number 07099894 (England and Wales)
AUTO SAFETY CENTRE (NORTH WEST) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
AUTO SAFETY CENTRE (NORTH WEST) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
AUTO SAFETY CENTRE (NORTH WEST) LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,378
2,516
Current assets
Debtors
5
8,869
259
Cash at bank and in hand
12,421
25,229
21,290
25,488
Creditors: amounts falling due within one year
6
(7,481)
(18,026)
Net current assets
13,809
7,462
Total assets less current liabilities
16,187
9,978
Provisions for liabilities
(452)
(478)
Net assets
15,735
9,500
Capital and reserves
Called up share capital
105
105
Profit and loss reserves
15,630
9,395
Total equity
15,735
9,500

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 March 2025 and are signed on its behalf by:
Mr P Cliff
Director
Company registration number 07099894 (England and Wales)
AUTO SAFETY CENTRE (NORTH WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Auto Safety Centre (North West) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 63 Springfield Park, Haydock, St. Helens, Merseyside, England, WA11 0XP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

1.3
Intangible fixed assets other than goodwill

Intangible assets are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

 

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Franchises
10% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property improvements
20% reducing balance
Plant and machinery
33% reducing balance
AUTO SAFETY CENTRE (NORTH WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Intangible fixed assets
Franchises
£
Cost
At 1 July 2023 and 30 June 2024
60,000
Amortisation and impairment
At 1 July 2023 and 30 June 2024
60,000
Carrying amount
At 30 June 2024
-
0
At 30 June 2023
-
0
AUTO SAFETY CENTRE (NORTH WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
4
Tangible fixed assets
Property improvements
Plant and machinery
Total
£
£
£
Cost
At 1 July 2023
12,691
11,065
23,756
Additions
-
0
707
707
At 30 June 2024
12,691
11,772
24,463
Depreciation and impairment
At 1 July 2023
10,989
10,251
21,240
Depreciation charged in the year
341
504
845
At 30 June 2024
11,330
10,755
22,085
Carrying amount
At 30 June 2024
1,361
1,017
2,378
At 30 June 2023
1,702
814
2,516
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
239
Other debtors
8,869
20
8,869
259

Included in other debtors is a balance falling due greater than one year, £2,238.

6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
961
11,080
Corporation tax
3,820
1,906
Other creditors
2,700
5,040
7,481
18,026
AUTO SAFETY CENTRE (NORTH WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
7
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr P Cliff - Loan 2024
-
20
6,611
-
6,631
20
6,611
-
6,631
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr P Cliff - Loan 2023
-
(243)
3,463
(3,200)
20
(243)
3,463
(3,200)
20
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