Company registration number:
06326731
Automotive Performance Tuning Ltd
Unaudited filleted financial statements
31 August 2024
Automotive Performance Tuning Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Automotive Performance Tuning Ltd
Directors and other information
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Directors |
Mr Gary Hayward |
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Mrs Deborah Hayward |
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Secretary |
Deborah Hayward |
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Company number |
06326731 |
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Registered office |
Unit 16 |
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Shepherds Business Park |
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Norwich Road, Lenwade |
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Norwich |
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NR9 5SG |
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Business address |
Unit 16 |
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Shepherds Business Park |
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Norwich Road, Lenwade |
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Norwich |
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NR9 5SG |
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Accountants |
i-Accounting Solutions Ltd |
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The Enterprise Centre |
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University of East Anglia |
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Norwich |
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Norfolk |
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NR4 7TJ |
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Automotive Performance Tuning Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Automotive Performance Tuning Ltd
Year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Automotive Performance Tuning Ltd for the year ended 31 August 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Automotive Performance Tuning Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Automotive Performance Tuning Ltd and state those matters that we have agreed to state to the board of directors of Automotive Performance Tuning Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Automotive Performance Tuning Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Automotive Performance Tuning Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Automotive Performance Tuning Ltd. You consider that Automotive Performance Tuning Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Automotive Performance Tuning Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
i-Accounting Solutions Ltd
Chartered Certified Accountants
The Enterprise Centre
University of East Anglia
Norwich
Norfolk
NR4 7TJ
17 March 2025
Automotive Performance Tuning Ltd
Statement of financial position
31 August 2024
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2024 |
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2023 |
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£ |
£ |
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£ |
£ |
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Fixed assets |
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87,178 |
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55,285 |
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_______ |
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_______ |
Current assets |
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104,889 |
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112,049 |
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Prepayments and accrued income |
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5,165 |
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3,891 |
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_______ |
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110,054 |
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115,940 |
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Creditors: amounts falling due within one year |
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(
25,872) |
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45,012) |
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_______ |
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Net current assets |
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84,182 |
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70,928 |
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_______ |
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Total assets less current liabilities |
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171,360 |
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126,213 |
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Creditors: amounts falling due after more than one year |
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(
41,049) |
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(
18,134) |
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_______ |
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Net assets |
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130,311 |
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108,079 |
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Capital and reserves |
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130,311 |
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108,079 |
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Notes to the financial statements
Automotive Performance Tuning Ltd
Year ended 31 August 2024
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
2.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2024 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Director |
(
262) |
(
2,720) |
3,116 |
134 |
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2023 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Director |
(
77) |
(
54,468) |
54,283 |
(
262) |
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The overdrawn directors loan account of £134 will be repaid to Automotive Performance Tuning Ltd by 31 May 2025.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
14 March 2025
, and are signed on behalf of the board by:
Mr Gary Hayward
Mrs Deborah Hayward
Director
Director
Company registration number:
06326731
The company is a private company limited by shares, registered in England and Wales.