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Company No: 03530229 (England and Wales)

AUTOMOTIVE SERVICES INTERNATIONAL (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

AUTOMOTIVE SERVICES INTERNATIONAL (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

AUTOMOTIVE SERVICES INTERNATIONAL (UK) LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025
AUTOMOTIVE SERVICES INTERNATIONAL (UK) LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2025
Note 2025 2024
£ £
Current assets
Debtors 4 168,544 20,459
Cash at bank and in hand 196,152 296,064
364,696 316,523
Creditors: amounts falling due within one year 5 ( 163,513) ( 111,149)
Net current assets 201,183 205,374
Total assets less current liabilities 201,183 205,374
Net assets 201,183 205,374
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account 200,983 205,174
Total shareholders' funds 201,183 205,374

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Automotive Services International (UK) Limited (registered number: 03530229) were approved and authorised for issue by the Board of Directors on 02 July 2025. They were signed on its behalf by:

John Stephen Grant
Director
AUTOMOTIVE SERVICES INTERNATIONAL (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
AUTOMOTIVE SERVICES INTERNATIONAL (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Automotive Services International (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Fleming Court, Leigh Road, Eastleigh, SO50 9PD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2024 10,873 10,873
At 31 March 2025 10,873 10,873
Accumulated depreciation
At 01 April 2024 10,873 10,873
At 31 March 2025 10,873 10,873
Net book value
At 31 March 2025 0 0
At 31 March 2024 0 0

4. Debtors

2025 2024
£ £
Trade debtors 168,544 5,511
VAT recoverable 0 4,063
Other debtors 0 10,885
168,544 20,459

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 0 203
Amounts owed to directors 936 10,583
Accruals 159,213 95,600
Taxation and social security 3,364 4,763
163,513 111,149

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each 200 200