Auto Electrical Supplies (Export) Limited 09242989 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is that of a specialist distributor of auto electrical systems and products. Digita Accounts Production Advanced 6.30.9574.0 true 09242989 2023-11-01 2024-10-31 09242989 2024-10-31 09242989 core:RetainedEarningsAccumulatedLosses 2024-10-31 09242989 core:ShareCapital 2024-10-31 09242989 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 09242989 bus:SmallEntities 2023-11-01 2024-10-31 09242989 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 09242989 bus:FilletedAccounts 2023-11-01 2024-10-31 09242989 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09242989 bus:RegisteredOffice 2023-11-01 2024-10-31 09242989 bus:Director1 2023-11-01 2024-10-31 09242989 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09242989 countries:England 2023-11-01 2024-10-31 09242989 2022-11-01 2023-10-31 09242989 2023-10-31 09242989 core:RetainedEarningsAccumulatedLosses 2023-10-31 09242989 core:ShareCapital 2023-10-31 09242989 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 09242989

Auto Electrical Supplies (Export) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Auto Electrical Supplies (Export) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 4

 

Auto Electrical Supplies (Export) Limited

Balance Sheet

as at 31 October 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

2,130,409

2,123,317

Cash at bank and in hand

 

162,039

13,000

 

2,292,448

2,136,317

Creditors: Amounts falling due within one year

5

(149,686)

(163,347)

Net assets

 

2,142,762

1,972,970

Capital and reserves

 

Allotted, called up and fully paid share capital

100

100

Profit and loss account

2,142,662

1,972,870

Shareholders' funds

 

2,142,762

1,972,970

Registration number: 09242989

 

Auto Electrical Supplies (Export) Limited

Balance Sheet

as at 31 October 2024 (continued)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 17 July 2025
 

.........................................
Mr J M Fawkes
Director

 

Auto Electrical Supplies (Export) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 October 2024

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 09242989.

The address of its registered office is:
128 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A – ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 

Auto Electrical Supplies (Export) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 October 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 0 (2023 - 0).

4

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

380,820

601,505

Amounts owed by related parties

1,627,510

1,213,888

Other debtors

 

122,079

307,924

   

2,130,409

2,123,317

5

Creditors

2024
£

2023
£

Due within one year

Corporation tax liability

68,015

29,567

Accruals and deferred income

81,329

129,441

Other creditors

342

950

Directors loan accounts

-

3,389

149,686

163,347