Registered number
00903238
Autoplus Limited
Report and Accounts
31 October 2024
Autoplus Limited
Report to the director on the preparation of the unaudited statutory accounts of Autoplus Limited for the year ended 31 October 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 Limited for the year ended 31 October 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
21 April 2025
Autoplus Limited
Registered number: 00903238
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,353 2,435
Current assets
Debtors 4 12,391 7,461
Cash at bank and in hand 86 143
12,477 7,604
Creditors: amounts falling due within one year 5 (76,688) (76,518)
Net current liabilities (64,211) (68,914)
Net liabilities (62,858) (66,479)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (63,858) (67,479)
Shareholder's funds (62,858) (66,479)
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 21 April 2025
Autoplus Limited
Notes to the Accounts
for the year ended 31 October 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.
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:
Long Leasehold 10 Years Straight Line
Plant and machinery 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.
Grants received
Grants received as compensation for costs already incurred or for immediate financial support, with no future related costs, are recognised as income in the period in which it is receivable.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Long Leasehold Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 7,820 4,059 9,229 21,108
At 31 October 2024 7,820 4,059 9,229 21,108
Depreciation
At 1 November 2023 7,820 2,168 8,685 18,673
Charge for the year - 946 136 1,082
At 31 October 2024 7,820 3,114 8,821 19,755
Net book value
At 31 October 2024 - 945 408 1,353
At 31 October 2023 - 1,891 544 2,435
4 Debtors 2024 2023
£ £
Trade debtors 11,891 6,961
Other debtors 500 500
12,391 7,461
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,493 8,493
Corporation tax 4,787 4,787
Other taxes and social security costs 1,259 1,090
Other creditors 62,149 62,148
76,688 76,518
6 Other information
Autoplus 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
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