Company Registration No. 05389019 (England and Wales)
Auto Perfection (EA) Limited
Unaudited accounts
for the year ended 30 September 2024
Auto Perfection (EA) Limited
Unaudited accounts
Contents
Auto Perfection (EA) Limited
Company Information
for the year ended 30 September 2024
Company Number
05389019 (England and Wales)
Registered Office
UNIT 9-10 THURSTONS YARD STOWMARKET ROAD
OLD NEWTON
STOWMARKET
SUFFOLK
IP14 4EE
ENGLAND
Accountants
F C Accountancy Services
14 Melford Road
Stowmarket
Suffolk
IP14 2PP
Auto Perfection (EA) Limited
Statement of financial position
as at 30 September 2024
Tangible assets
25,053
26,726
Cash at bank and in hand
15,622
10,530
Creditors: amounts falling due within one year
(36,074)
(33,677)
Net current liabilities
(10,316)
(14,844)
Called up share capital
100
100
Profit and loss account
14,637
11,782
Shareholders' funds
14,737
11,882
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2025 and were signed on its behalf by
R Lee
Director
Company Registration No. 05389019
Auto Perfection (EA) Limited
Notes to the Accounts
for the year ended 30 September 2024
Auto Perfection (EA) Limited is a private company, limited by shares, registered in England and Wales, registration number 05389019. The registered office is UNIT 9-10 THURSTONS YARD STOWMARKET ROAD, OLD NEWTON, STOWMARKET, SUFFOLK, IP14 4EE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance and 15% on reducing balance
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
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.
Auto Perfection (EA) Limited
Notes to the Accounts
for the year ended 30 September 2024
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
40,945
45,908
8,786
95,639
At 30 September 2024
44,881
45,908
8,786
99,575
At 1 October 2023
29,582
32,967
6,364
68,913
Charge for the year
2,011
3,235
363
5,609
At 30 September 2024
31,593
36,202
6,727
74,522
At 30 September 2024
13,288
9,706
2,059
25,053
At 30 September 2023
11,363
12,941
2,422
26,726
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
(150)
Trade creditors
15,098
7,754
Taxes and social security
4,038
4,691
Other creditors
12,760
13,525
Loans from directors
3,978
7,857
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company is under the control of Richard lee, the director, as a result of owning all of the share capital of the company
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).