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REGISTERED NUMBER: 04863133 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CONTACT AUTO TECHNICAL SERVICES LTD

CONTACT AUTO TECHNICAL SERVICES LTD (REGISTERED NUMBER: 04863133)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CONTACT AUTO TECHNICAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr S J McNulty
Mr S W Young





SECRETARY: Mrs C McNulty





REGISTERED OFFICE: 7 Harrier Court
Eurolink Business Park
St Helens
Merseyside
WA9 4YR





REGISTERED NUMBER: 04863133 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

CONTACT AUTO TECHNICAL SERVICES LTD (REGISTERED NUMBER: 04863133)

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 129,148 136,234

CURRENT ASSETS
Stocks 9,750 8,500
Debtors 5 1,043,053 1,114,812
Cash at bank and in hand 341,763 250,376
1,394,566 1,373,688
CREDITORS
Amounts falling due within one year (533,114 ) (502,402 )
NET CURRENT ASSETS 861,452 871,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

990,600

1,007,520

CREDITORS
Amounts falling due after more than one year (8,205 ) (44,621 )

PROVISIONS FOR LIABILITIES (14,000 ) (15,000 )
NET ASSETS 968,395 947,899

CAPITAL AND RESERVES
Called up share capital 8 500 500
Retained earnings 967,895 947,399
SHAREHOLDERS' FUNDS 968,395 947,899

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 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.

CONTACT AUTO TECHNICAL SERVICES LTD (REGISTERED NUMBER: 04863133)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 April 2025 and were signed on its behalf by:




Mr S J McNulty - Director



Mr S W Young - Director


CONTACT AUTO TECHNICAL SERVICES LTD (REGISTERED NUMBER: 04863133)

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


1. STATUTORY INFORMATION

Contact Auto Technical 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 (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from industrial electrical installations and maintenance is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured using the percentage of completion method.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:


Improvements to property- Over the term of the lease
Plant and machinery- 15% on reducing balance
Fixtures and fittings- 25% straight line
Motor vehicles- 25% on reducing balance
Computer equipment- Straight line over 3 years

Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the average cost formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
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 expense 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 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.

CONTACT AUTO TECHNICAL SERVICES LTD (REGISTERED NUMBER: 04863133)

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


2. ACCOUNTING POLICIES - continued

Employee benefits
Short-term benefits
Wages, salaries, commissions, bonuses, social security contributions, paid annual leave and non-monetary benefits are accrued in the period in which the associated services are rendered by employees of the company.

Pensions
The company operates a defined contribution pension scheme. 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 profit and loss account in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 436,550
Additions 38,241
Disposals (1,694 )
At 31 December 2024 473,097
DEPRECIATION
At 1 January 2024 300,316
Charge for year 45,152
Eliminated on disposal (1,519 )
At 31 December 2024 343,949
NET BOOK VALUE
At 31 December 2024 129,148
At 31 December 2023 136,234

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors 14,770 23,787

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 178,500 -
In more than five years - 220,500
178,500 220,500

CONTACT AUTO TECHNICAL SERVICES LTD (REGISTERED NUMBER: 04863133)

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


7. SECURED DEBTS

Included within creditors are secured debts amounting to £26,365 (2023 - £47,709).

The hire purchase contracts are secured on the assets to which they relate.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
275 'A' Ordinary £1 275 275
225 'C' Ordinary £1 225 225
500 500