| Registered Number:13658246 |
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2024
ADS West Automotive Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
ADS West Automotive Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
11,984
14,980
2
11,984
14,980
500
500
3
| Trade and other receivables |
5,613
7,596
4
14,811
| Cash and cash equivalents |
5,853
13,949
20,924
| Trade and other payables: amounts falling due within one |
| year |
(26,138)
(24,482)
5
(5,214)
(10,533)
Net current liabilities
| Total assets less current liabilities |
1,451
9,766
1,451
Net assets
9,766
100
100
1,351
9,666
1,451
9,766
Shareholders' funds
| For the year ended 31 October 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 27 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 October 2024
ADS West Automotive Ltd
Notes to the Financial Statements
Statutory Information
| ADS West Automotive Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 13658246. |
Unit 2 Cattle Market Business Park
Chew Road, Winford
Bristol
BS40 8HB
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 2. Property, plant and equipment |
23,184
23,184
| Provision for depreciation and impairment |
8,204
Charge for year
2,996
11,200
11,984
14,980
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For the year ended 31 October 2024
ADS West Automotive Ltd
Notes to the Financial Statements Continued
2023
2024
500
500
| 4. Trade and other receivables |
2023
2024
5,929
3,946
1,667
1,667
5,613
7,596
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
4,845
4,818
| Taxation and social security |
782
1,825
18,855
19,495
24,482
26,138
| 6. Related party transactions |
| a company wholly owned by Mr G Honey, a Director, and Ms J Lewton, a former Director. |
| A loan from ADS Automotive Ltd subsisted during the current and prior year. The loan is interest-free and repayable |
| on demand. |
| The amount oustanding at the balance sheet date was £9,800 (2023: £18,500). |
| b. AJM Leisure South West Ltd |
| a company wholly owned by Mr A Seavill, a director. |
| During the year the company paid AJM Leisure South West Ltd £10,562 (2023: £8.950) for services supplied on an |
| arms length basis at market value. |
| The amount oustanding at the balance sheet date was £0 (2023: £0). |
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For the year ended 31 October 2024
ADS West Automotive Ltd
Notes to the Financial Statements Continued
| 7. Average number of persons employed |
| During the year the average number of employees, including Directors who received no remuneration, was 2 (2023 : 2) |
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