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Registered Number: 06013856
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 December 2024

for

AUTO SOLUTIONS (GB) LIMITED

Director David Melling
Registered Number 06013856
Registered Office 23 Roden Avenue
Kidderminster
Worcestershire
DY10 2RF
Accountants Taylorhobbs Limited
Cherry Trees Barn
Walcot Lane
Pershore
WR10 2AL
1
Principal activities
Principal activity of the company during the financial year was of  automotive paint work and dent removal.
Director
The director who served the company throughout the year was as follows:
David Melling
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
David Melling
Director

Date approved: 09 June 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 7,512    9,710 
7,512    9,710 
Current assets      
Stocks 5   450 
Debtors 6 4,055    14,603 
4,055    15,053 
Creditors: amount falling due within one year 7 (15,077)   (31,096)
Net current assets (11,022)   (16,043)
 
Total assets less current liabilities (3,510)   (6,333)
Creditors: amount falling due after more than one year 8   (2,778)
Provisions for liabilities 9   (1,085)
Net assets (3,510)   (10,196)
 

Capital and reserves
     
Called up share capital 10 100    100 
Profit and loss account (3,610)   (10,296)
Shareholders' funds (3,510)   (10,196)
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 09 June 2025 and were signed by:


-------------------------------
David Melling
Director
3
General Information
Auto Solutions (GB) Limited is a private company, limited by shares, registered in England and Wales, registration number 06013856, registration address 23 Roden Avenue, Kidderminster, Worcestershire, DY10 2RF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion and where the amount of revenue can be measured reliably.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, 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:
Fixtures and Fittings 15% Reducing Balance
Motor Vehicles 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees and directors

Average number of employees during the year was 1 (2023 : 2).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2024 5,356    5,356 
Additions  
Disposals  
At 31 December 2024 5,356    5,356 
Amortisation
At 01 January 2024 5,356    5,356 
Charge for year  
On disposals  
At 31 December 2024 5,356    5,356 
Net book values
At 31 December 2024  
At 31 December 2023  


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 January 2024 13,500    27,081    40,581 
Additions   142    142 
Disposals (13,500)     (13,500)
At 31 December 2024   27,223    27,223 
Depreciation
At 01 January 2024 12,486    18,385    30,871 
Charge for year   1,326    1,326 
On disposals (12,486)     (12,486)
At 31 December 2024   19,711    19,711 
Net book values
Closing balance as at 31 December 2024   7,512    7,512 
Opening balance as at 01 January 2024 1,014    8,696    9,710 


5.

Stocks

2024
£
  2023
£
Stocks   450 
  450 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 3,864    11,280 
Prepayments & Accrued Income 172    1,114 
Other Debtors 19   
Directors' Current Accounts   2,209 
4,055    14,603 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 851    3,605 
Bank Loans & Overdrafts (Secured) 2,778    6,666 
Bank Loans & Overdrafts 1,748    4,465 
PAYE & Social Security 2,380    9,462 
Accrued Expenses 1,047    1,322 
Wages & Salaries Control Account 521   
Directors' Current Accounts 2,178   
VAT 3,574    5,576 
15,077    31,096 
The Company took out a CBILs Loan of £30,000 on 11th May 2020, repayable over a 6 year term with an interest rate of Base plus 3.4%. There is automatically a six month period with no repayments or interest and the Business Interuption Payment of £1,115, is payable by the government. Included within creditors due within 1 year is an amount of £2778. Repayments of £555 plus interest commenced in December 2020.

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured)   2,778 
  2,778 
The Company took out a CBILs Loan of £30,000 on 11th May 2020, repayable over a 6 year term with an interest rate of Base plus 3.4%. There is automatically a six month period with no repayments or interest and the Business Interuption Payment of £1,115, is payable by the government. Included within creditors due after more than 1 year is an amount of £Nil. Repayments of £555 plus interest commenced in December 2020.

9.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax   1,085 
  1,085 

10.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

11.

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.

4