Company Registration No. SC344441 (Scotland)
Advanced Autos Limited
Accounts
for the year ended 30 June 2024
Advanced Autos Limited
Accounts
Contents
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
Advanced Autos Limited
Statement of financial position
as at 30 June 2024
Tangible assets
90,283
103,755
Cash at bank and in hand
39,175
67,173
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)
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
Advanced Autos Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 30 June 2024
37,402
52,625
256
90,283
At 30 June 2023
35,433
67,980
342
103,755
Advanced Autos Limited
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
6,749
11,778
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,893
30,129
Taxes and social security
23,161
31,377
Loans from directors
11,052
500
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).