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Company registration number: SC637973
Automotive Passion Scotland Ltd
Unaudited filleted financial statements
31 August 2024
Automotive Passion Scotland Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Automotive Passion Scotland Ltd
Directors and other information
Directors Mr Thomas A Watson
Mr Robert A Affleck
Company number SC637973
Registered office 16/18 Weir Street
Falkirk
FK1 1RA
Automotive Passion Scotland Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Automotive Passion Scotland 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 Passion Scotland 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 ICAS , we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation -of-accounts-revised-june-2020.
This report is made solely to the board of directors of Automotive Passion Scotland 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 Passion Scotland Ltd and state those matters that we have agreed to state to the board of directors of Automotive Passion Scotland Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at https://www.icas.com/regulation-technical-resources/ documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Automotive Passion Scotland Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Automotive Passion Scotland 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 Passion Scotland Ltd. You consider that Automotive Passion Scotland 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 Passion Scotland 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.
Automotive Passion Scotland Ltd
Statement of financial position
31 August 2024
2024 2023
£ £
Fixed assets 301,598 402,753
_______ _______
Current assets 257,146 93,721
Creditors: amounts falling due within one year ( 248,459) ( 237,200)
_______ _______
Net current assets/(liabilities) 8,687 ( 143,479)
_______ _______
Total assets less current liabilities 310,285 259,274
Creditors: amounts falling due after more than one year ( 120,755) ( 207,123)
Accruals and deferred income ( 1,500) ( 1,500)
_______ _______
Net assets 188,030 50,651
_______ _______
Capital and reserves 188,030 50,651
_______ _______
Notes to the financial statements
Automotive Passion Scotland 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
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:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- 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 27 March 2025 , and are signed on behalf of the board by:
Mr Thomas A Watson
Director
Company registration number: SC637973
The company is a private company limited by shares, registered in Scotland.