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Autotechnics (Blandford) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Freestone & Co
Chartered Accountants
1 The Centre
High Street
Gillingham
Dorset
SP8 4AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 05227103
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,586 3,174
Tangible Assets 5 76,304 78,269
77,890 81,443
CURRENT ASSETS
Stocks 6 26,926 23,666
Debtors 7 17,054 15,120
Cash at bank and in hand 196,538 215,390
240,518 254,176
Creditors: Amounts Falling Due Within One Year 8 (123,034 ) (124,778 )
NET CURRENT ASSETS (LIABILITIES) 117,484 129,398
TOTAL ASSETS LESS CURRENT LIABILITIES 195,374 210,841
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,000 ) (6,000 )
NET ASSETS 189,374 204,841
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 189,274 204,741
SHAREHOLDERS' FUNDS 189,374 204,841
Page 1
Page 2
For the year ending 28 February 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J B Dunn
Director
1 July 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Autotechnics (Blandford) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05227103 . The registered office is One The Centre, High Street, Gillingham, Dorset, SP8 4AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10 % SL
Plant & Machinery 15% RBB
Motor Vehicles 25% RBB
Fixtures & Fittings 15% RBB
Computer Equipment 15% RBB
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 9)
10 9
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4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 31,750
As at 28 February 2025 31,750
Amortisation
As at 1 March 2024 28,576
Provided during the period 1,588
As at 28 February 2025 30,164
Net Book Value
As at 28 February 2025 1,586
As at 1 March 2024 3,174
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 March 2024 17,862 161,684 59,835 15,314
Additions - - 33,680 -
Disposals - - (32,175 ) -
As at 28 February 2025 17,862 161,684 61,340 15,314
Depreciation
As at 1 March 2024 3,572 132,299 31,425 11,715
Provided during the period 1,786 5,306 11,485 950
Disposals - - (16,026 ) -
As at 28 February 2025 5,358 137,605 26,884 12,665
Net Book Value
As at 28 February 2025 12,504 24,079 34,456 2,649
As at 1 March 2024 14,290 29,385 28,410 3,599
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Computer Equipment Total
£ £
Cost
As at 1 March 2024 8,725 263,420
Additions 582 34,262
Disposals - (32,175 )
As at 28 February 2025 9,307 265,507
Depreciation
As at 1 March 2024 6,140 185,151
Provided during the period 551 20,078
Disposals - (16,026 )
As at 28 February 2025 6,691 189,203
Net Book Value
As at 28 February 2025 2,616 76,304
As at 1 March 2024 2,585 78,269
6. Stocks
2025 2024
£ £
Stock parts and vehicles 12,127 14,054
Work in progress 14,799 9,612
26,926 23,666
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 6,332 11,274
Other debtors 10,722 3,846
17,054 15,120
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 33,503 31,344
Other creditors 35,310 34,814
Taxation and social security 54,221 58,620
123,034 124,778
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 7