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REGISTERED NUMBER: 04994108 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HARPENDEN AUTO SERVICES LTD

HARPENDEN AUTO SERVICES LTD (REGISTERED NUMBER: 04994108)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARPENDEN AUTO SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: P J Freeman





SECRETARY: M A Freeman





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 04994108 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

HARPENDEN AUTO SERVICES LTD (REGISTERED NUMBER: 04994108)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 5 4,772 6,316

CURRENT ASSETS
Stocks 500 4,000
Debtors 6 16,245 49,079
Cash at bank and in hand 78,394 33,529
95,139 86,608
CREDITORS
Amounts falling due within one year 7 28,194 27,707
NET CURRENT ASSETS 66,945 58,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,717

65,217

PROVISIONS FOR LIABILITIES 106 304
NET ASSETS 71,611 64,913

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 71,609 64,911
SHAREHOLDERS' FUNDS 71,611 64,913

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

HARPENDEN AUTO SERVICES LTD (REGISTERED NUMBER: 04994108)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:





P J Freeman - Director


HARPENDEN AUTO SERVICES LTD (REGISTERED NUMBER: 04994108)

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


1. STATUTORY INFORMATION

Harpenden Auto Services 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 (£).


The company's place of business is Unit F, Holly Street, Luton, Beds, LU1 3XG.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. A sale is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and VAT.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the lease term of 5 years
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on reducing balance

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

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme for the employees of the company. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
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 income statement in administrative expenses.

HARPENDEN AUTO SERVICES LTD (REGISTERED NUMBER: 04994108)

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


3. ACCOUNTING POLICIES - continued

TAX
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Improvements Plant and Motor Computer
to property machinery vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2024 5,500 51,723 1,550 40,253 99,026
Additions - - - 257 257
At 31 December 2024 5,500 51,723 1,550 40,510 99,283
DEPRECIATION
At 1 January 2024 5,500 50,172 1,332 35,706 92,710
Charge for year - 388 55 1,358 1,801
At 31 December 2024 5,500 50,560 1,387 37,064 94,511
NET BOOK VALUE
At 31 December 2024 - 1,163 163 3,446 4,772
At 31 December 2023 - 1,551 218 4,547 6,316

HARPENDEN AUTO SERVICES LTD (REGISTERED NUMBER: 04994108)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 929
Other debtors 5,828 5,828
Directors' current accounts - 39,399
Prepayments and accrued income 10,417 2,923
16,245 49,079

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 12,569 8,599
Tax 2,978 7,110
Social security and other taxes 2,090 554
Pension control 877 515
VAT 5,916 7,624
Directors' current accounts 539 -
Accruals and deferred income 3,225 3,305
28,194 27,707

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
4 Ordinary £1 2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£ £
P J Freeman
Balance outstanding at start of year 39,399 -
Amounts advanced - 39,399
Amounts repaid (39,399 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 39,399

The loan is interest free and repayable on demand.