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REGISTERED NUMBER: 06804623 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Auto Solutions 2000 Limited

Auto Solutions 2000 Limited (Registered number: 06804623)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Auto Solutions 2000 Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: L Hughes
A Pye





REGISTERED OFFICE: Phoenix House
Bessell Lane
Stapleford
Nottinghamshire
NG9 7BX





REGISTERED NUMBER: 06804623 (England and Wales)





AUDITORS: UHY Hacker Young
14 Park Row
Nottingham
NG1 6GR

Auto Solutions 2000 Limited (Registered number: 06804623)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Intangible assets 4 3,862 -
Tangible assets 5 116,567 16,690
120,429 16,690

CURRENT ASSETS
Stocks 19,064 34,724
Debtors 6 18,584 17,348
Cash at bank 14,079 9,666
51,727 61,738
CREDITORS
Amounts falling due within one year 7 611,561 376,982
NET CURRENT LIABILITIES (559,834 ) (315,244 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(439,405

)

(298,554

)

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings (469,405 ) (328,554 )
(439,405 ) (298,554 )

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 Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





A Pye - Director


Auto Solutions 2000 Limited (Registered number: 06804623)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Auto Solutions 2000 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 15% on reducing balance and 10% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


Auto Solutions 2000 Limited (Registered number: 06804623)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The parent company has confirmed that they will continue to provide financial support to the company for the next twelve months from the date the financial statements are approved and for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
Additions 3,995
At 31 July 2024 3,995
AMORTISATION
Charge for year 133
At 31 July 2024 133
NET BOOK VALUE
At 31 July 2024 3,862

Auto Solutions 2000 Limited (Registered number: 06804623)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 August 2023 3,900 33,636 37,536
Additions 9,962 94,393 104,355
At 31 July 2024 13,862 128,029 141,891
DEPRECIATION
At 1 August 2023 33 20,813 20,846
Charge for year 879 3,599 4,478
At 31 July 2024 912 24,412 25,324
NET BOOK VALUE
At 31 July 2024 12,950 103,617 116,567
At 31 July 2023 3,867 12,823 16,690

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,193 8,951
Other debtors 17,391 8,397
18,584 17,348

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 10,945 10,688
Amounts owed to group undertakings 511,533 165,000
Taxation and social security 78,033 191,946
Other creditors 11,050 9,348
611,561 376,982

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Simmonds (Senior Statutory Auditor)
for and on behalf of UHY Hacker Young

9. CONTINGENT LIABILITIES

At the year end the company had a contingent liability of £2,941,277, relating to a group cross guarantee.

Auto Solutions 2000 Limited (Registered number: 06804623)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. OTHER FINANCIAL COMMITMENTS

At the year end the company had outstanding commitments of £29,850.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is John Pye & Sons Holdings Limited, a company incorporated in England and
Wales which is the largest group to consolidate the financial statements of the company.

The ultimate controlling party is considered to be the directors and shareholders of the ultimate parent company.

Copies of John Pye & Sons Holdings Limited financial statements can be obtained from James Shipstone House, Radford Road, Nottingham NG7 7EA