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REGISTERED NUMBER: 08454626 (England and Wales)















AUTOMOTIVE BRANDS EUROPE LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






AUTOMOTIVE BRANDS EUROPE LIMITED (REGISTERED NUMBER: 08454626)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


AUTOMOTIVE BRANDS EUROPE LIMITED

Company Information
for the year ended 31 March 2024







Director: A L Weaver





Registered office: Automotive Brands Building
Old Concrete Works
Bretforton Road
Weston Subedge
Worcestershire
WR11 7QA





Registered number: 08454626 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

AUTOMOTIVE BRANDS EUROPE LIMITED (REGISTERED NUMBER: 08454626)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 1,733,987 1,645,317

Current assets
Stocks - 198,843
Debtors 5 324,263 107,291
Cash at bank 38,887 3,316
363,150 309,450
Creditors
Amounts falling due within one year 6 526,054 761,199
Net current liabilities (162,904 ) (451,749 )
Total assets less current liabilities 1,571,083 1,193,568

Creditors
Amounts falling due after more than one year 7 (1,114,909 ) (744,599 )

Provisions for liabilities (45,463 ) (22,962 )
Net assets 410,711 426,007

Capital and reserves
Called up share capital 1 1
Retained earnings 410,710 426,006
410,711 426,007

AUTOMOTIVE BRANDS EUROPE LIMITED (REGISTERED NUMBER: 08454626)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2025 and were signed by:





A L Weaver - Director


AUTOMOTIVE BRANDS EUROPE LIMITED (REGISTERED NUMBER: 08454626)

Notes to the Financial Statements
for the year ended 31 March 2024

1. Statutory information

Automotive Brands Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, in response to the COVID-19 pandemic, the Directors have tested their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - No depreciation
Improvements to property - 5% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

AUTOMOTIVE BRANDS EUROPE LIMITED (REGISTERED NUMBER: 08454626)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 April 2023 1,333,176 327,521 1,660,697
Additions 27,670 80,878 108,548
At 31 March 2024 1,360,846 408,399 1,769,245
Depreciation
At 1 April 2023 - 15,380 15,380
Charge for year - 19,878 19,878
At 31 March 2024 - 35,258 35,258
Net book value
At 31 March 2024 1,360,846 373,141 1,733,987
At 31 March 2023 1,333,176 312,141 1,645,317

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by group undertakings 318,999 67,044
Other debtors 5,264 40,247
324,263 107,291

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 45,637 98,630
Trade creditors 3,000 40,368
Amounts owed to group undertakings 188,336 212,551
Taxation and social security 3,123 58,471
Other creditors 285,958 351,179
526,054 761,199

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 1,114,909 744,599

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 928,612 367,848

AUTOMOTIVE BRANDS EUROPE LIMITED (REGISTERED NUMBER: 08454626)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loan 234,365 243,229