2023-11-01 2024-10-31 12904379 A&S MOTOR FACTORS LTD false 12904379 2023-11-01 2024-10-31 12904379 uk-bus:Director1 2023-11-01 2024-10-31 12904379 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12904379 uk-bus:SmallEntities 2023-11-01 2024-10-31 12904379 uk-bus:FullAccounts 2023-11-01 2024-10-31 12904379 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12904379 2023-11-01 12904379 2024-10-31 12904379 2023-10-31 xbrli:pure iso4217:GBP 12904379 2022-11-01 2023-10-31
Company Registration Number : 12904379 (England and Wales)
12904379
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-10-31
false
A&S MOTOR FACTORS LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-11-01
A&S MOTOR FACTORS LTD
Unaudited filleted financial statements
For the year ended 31 October 2024
A&S MOTOR FACTORS LTD
Contents
For the year ended 31 October 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


A&S MOTOR FACTORS LTD
Company Information
For the year ended 31 October 2024

Company registration number 12904379 (England and Wales)
Directors Mr S A Brosnan
Mr A Norton
Registered office address Unit 3
12 Beaufighter Rd
Weston Business Quarter
Weston-Super-Mare
BS24 8EE
Accountant Phil Bessant Limited
Chartered Management Accountants
Agincourt House
14 Clytha Park Road
Newport
NP20 4PB
A&S MOTOR FACTORS LTD
Statement of Financial Position
For the year ended 31 October 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 67,499 43,716
5 67,499 43,716
Current assets
Inventories 236,951 263,124
Debtors 227,284 230,141
Cash and cash equivalents 36,646 46,310
500,880 539,575
Current liabilities
Creditors: Amounts falling due within one year (290,588) (341,343)
Corporation tax payable (54) (6,460)
(290,641) (347,803)
Net current assets/(liabilities) 210,239 191,772
Total assets less current liabilities 277,738 235,488
Non-current liabilities
Creditors: Amounts falling due after more than one year (86,174) (67,000)
Net assets/(liabilities) 191,564 168,488
Capital and reserves
Called up share capital 1,000 1,000
Share Premium 99,005 99,005
Retained earnings 91,559 68,483
Shareholder's funds 191,564 168,488
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 October 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 directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 15 July 2025
.............................
Mr A Norton (Director)
Company registration number: 12904379
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-10-31 31 October 2024
2024 2023
£ £
Fixed Assets 67,499 43,716
Current Assets 500,880 539,575
Creditors: amounts falling due within one year (290,641) (347,803)
Net current assets/(liabilities) 210,239 191,772
Total assets less current liabilities 277,738 235,488
CREDITORS: Amounts falling due more than one year (86,174) (67,000)
Net Assets/(liabilities) 191,564 168,488
Capital and Reserves 191,564 168,488
For the year ending 31/10/2024 the company was entitled to exemption 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. For the year ending 31-10-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 15 July 2025 2025-07-15 and signed on behalf of the board,
.............................
Mr A Norton
Director
Company registration number: 12904379
A&S MOTOR FACTORS LTD
Notes to the Financial Statements
For the year ended 31 October 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Unit 3, 12 Beaufighter Rd, Weston Business Quarter, Weston-Super-Mare, BS24 8EE.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties10% straight line
Commercial Vehicles
Fixtures and Fittings
Equipment25% straight line
Motor Cars25% straight line
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

The company as lessee

Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases,the aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis over the lease period.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement 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 current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Employees
During the year, the average number of employees including director was 12 (2023 : 12).

(5) Fixed assets
Tangible

£
Cost
As at 01 November 2023111,504
Additions60,999
As at 31 October 2024172,503
Depreciation/Amortisation
As at 01 November 202367,788
For the year34,113
Write off on transfers3,103
As at 31 October 2024105,004
Net book value
As at 31 October 202467,499
As at 31 October 202343,716