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REGISTERED NUMBER: 10407985 (England and Wales)





















KIZZLE AUTOS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






KIZZLE AUTOS LTD (REGISTERED NUMBER: 10407985)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


KIZZLE AUTOS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr S P Dunkley
Mrs H A Dunkley





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 10407985 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

KIZZLE AUTOS LTD (REGISTERED NUMBER: 10407985)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 39,174 30,764

CURRENT ASSETS
Debtors 5 11,622 6,128
Cash at bank and in hand 65,663 51,874
77,285 58,002
CREDITORS
Amounts falling due within one year 6 88,608 75,203
NET CURRENT LIABILITIES (11,323 ) (17,201 )
TOTAL ASSETS LESS CURRENT LIABILITIES 27,851 13,563

CREDITORS
Amounts falling due after more than one year 7 5,304 13,458
NET ASSETS 22,547 105

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 22,447 5
SHAREHOLDERS' FUNDS 22,547 105

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

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

The directors acknowledge their 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.

KIZZLE AUTOS LTD (REGISTERED NUMBER: 10407985)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





Mr S P Dunkley - Director


KIZZLE AUTOS LTD (REGISTERED NUMBER: 10407985)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Kizzle Autos Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - Straight line over 4 years

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.

KIZZLE AUTOS LTD (REGISTERED NUMBER: 10407985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 15,633 47,819 6,086 69,538
Additions 18,695 - 500 19,195
Disposals - - (5,824 ) (5,824 )
At 31 October 2024 34,328 47,819 762 82,909
DEPRECIATION
At 1 November 2023 10,102 22,678 5,994 38,774
Charge for year 2,307 8,297 181 10,785
Eliminated on disposal - - (5,824 ) (5,824 )
At 31 October 2024 12,409 30,975 351 43,735
NET BOOK VALUE
At 31 October 2024 21,919 16,844 411 39,174
At 31 October 2023 5,531 25,141 92 30,764

KIZZLE AUTOS LTD (REGISTERED NUMBER: 10407985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,222 4,508
Other debtors 7,400 1,620
11,622 6,128

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,154 8,154
Trade creditors 24,511 24,444
Taxation and social security 54,408 37,816
Other creditors 1,535 4,789
88,608 75,203

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,304 13,458

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
49 B Ordinary Shares £1 49 49
51 A Ordinary shares £1 51 51
100 100

KIZZLE AUTOS LTD (REGISTERED NUMBER: 10407985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr S P Dunkley
Balance outstanding at start of year 1,620 -
Amounts advanced - 1,620
Amounts repaid (1,620 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,620