| Autoplus (Ilkeston) Limited |
|
| Report to the director on the preparation of the unaudited statutory accounts of Autoplus (Ilkeston) Limited for the year ended 31 July 2024 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Autoplus (Ilkeston) Limited for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the 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://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| Coalesco Accountants Ltd |
| Chartered Certified Accountants |
| 156 Russell Drive |
| Wollaton |
| Nottingham |
| NG8 2BE |
|
| 24 March 2025 |
|
| Autoplus (Ilkeston) Limited |
| Registered number: |
08606230 |
| Balance Sheet |
| as at 31 July 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
15,274 |
|
|
30,239 |
|
| Current assets |
| Stocks |
|
|
- |
|
|
6,628 |
| Debtors |
5 |
|
4,373 |
|
|
3,824 |
| Cash at bank and in hand |
|
|
4,909 |
|
|
13,534 |
|
|
|
9,282 |
|
|
23,986 |
|
| Creditors: amounts falling due within one year |
6 |
|
(63,572) |
|
|
(54,992) |
|
| Net current liabilities |
|
|
|
(54,290) |
|
|
(31,006) |
|
| Total assets less current liabilities |
|
|
|
(39,016) |
|
|
(767) |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(32,857) |
|
|
(38,022) |
|
|
| Net liabilities |
|
|
|
(71,873) |
|
|
(38,789) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(71,973) |
|
|
(38,889) |
|
| Shareholder's funds |
|
|
|
(71,873) |
|
|
(38,789) |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
| D Letts |
| Director |
| Approved by the board on 24 March 2025 |
|
| Autoplus (Ilkeston) Limited |
| Notes to the Accounts |
| for the year ended 31 July 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. |
|
|
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. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
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: |
|
|
Fixtures, fittings, tools and equipment |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 August 2023 |
25,000 |
|
At 31 July 2024 |
25,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2023 |
25,000 |
|
At 31 July 2024 |
25,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2024 |
- |
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 August 2023 |
43,310 |
|
55,591 |
|
98,901 |
|
Additions |
249 |
|
- |
|
249 |
|
Disposals |
(43,310) |
|
- |
|
(43,310) |
|
At 31 July 2024 |
249 |
|
55,591 |
|
55,840 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2023 |
33,215 |
|
35,447 |
|
68,662 |
|
Charge for the year |
83 |
|
5,036 |
|
5,119 |
|
On disposals |
(33,215) |
|
- |
|
(33,215) |
|
At 31 July 2024 |
83 |
|
40,483 |
|
40,566 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2024 |
166 |
|
15,108 |
|
15,274 |
|
At 31 July 2023 |
10,095 |
|
20,144 |
|
30,239 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
10,413 |
|
10,354 |
|
Other debtors |
(6,040) |
|
(6,530) |
|
|
|
|
|
|
4,373 |
|
3,824 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
1,560 |
|
Trade creditors |
48,273 |
|
42,515 |
|
Other taxes and social security costs |
14,188 |
|
10,043 |
|
Other creditors |
1,111 |
|
874 |
|
|
|
|
|
|
63,572 |
|
54,992 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
32,857 |
|
38,022 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Autoplus (Ilkeston) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 4 Rutland Court |
|
Manners Industrial Estate |
|
Ilkeston |
|
Derbyshire |
|
DE7 8EF |