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Company Registration No. SC344441 (Scotland)
Advanced Autos Limited Accounts for the year ended 30 June 2024
Advanced Autos Limited Accounts Contents
Page
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Advanced Autos Limited Company Information for the year ended 30 June 2024
Directors
Jill Louden Paul Louden
Company Number
SC344441 (Scotland)
Registered Office
1 BABERTON MAINS DRIVE EDINBURGH EH14 3DF
Accountants
Norman Hewitt Falkirk Business Hub 45 Vicar Street FALKIRK Scotland FK1 1LL
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Advanced Autos Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
90,283 
103,755 
Current assets
Inventories
5,450 
5,000 
Debtors
6,749 
11,778 
Cash at bank and in hand
39,175 
67,173 
51,374 
83,951 
Creditors: amounts falling due within one year
(48,181)
(81,089)
Net current assets
3,193 
2,862 
Total assets less current liabilities
93,476 
106,617 
Creditors: amounts falling due after more than one year
(20,868)
(29,288)
Net assets
72,608 
77,329 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
72,308 
77,029 
Shareholders' funds
72,608 
77,329 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by
Paul Louden Director Company Registration No. SC344441
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Advanced Autos Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Advanced Autos Limited is a private company, limited by shares, registered in Scotland, registration number SC344441. The registered office is 1 BABERTON MAINS DRIVE, EDINBURGH, EH14 3DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance basis
Motor vehicles
12.5% straight line basis
Fixtures & fittings
25% reducing balance basis
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
144,977 
88,620 
1,060 
234,657 
Additions
6,124 
5,500 
- 
11,624 
Disposals
- 
(12,120)
- 
(12,120)
At 30 June 2024
151,101 
82,000 
1,060 
234,161 
Depreciation
At 1 July 2023
109,544 
20,640 
718 
130,902 
Charge for the year
4,155 
10,250 
86 
14,491 
On disposals
- 
(1,515)
- 
(1,515)
At 30 June 2024
113,699 
29,375 
804 
143,878 
Net book value
At 30 June 2024
37,402 
52,625 
256 
90,283 
At 30 June 2023
35,433 
67,980 
342 
103,755 
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Advanced Autos Limited Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,749 
11,778 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,075 
19,083 
Trade creditors
5,893 
30,129 
Taxes and social security
23,161 
31,377 
Loans from directors
11,052 
500 
48,181 
81,089 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
20,868 
29,288 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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