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REGISTERED NUMBER: 12375979 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2024

for

Auto-Plas Ltd

Auto-Plas Ltd (Registered number: 12375979)






Contents of the Financial Statements
for the Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Auto-Plas Ltd

Company Information
for the Year Ended 30th November 2024







DIRECTOR: Mr J Harris





REGISTERED OFFICE: Central Chambers 227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: 12375979 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

Auto-Plas Ltd (Registered number: 12375979)

Balance Sheet
30th November 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 66,696 73,353
Tangible assets 5 166,703 134,814
Investments 6 11,056 11,056
244,455 219,223

CURRENT ASSETS
Stocks 7 35,000 45,000
Debtors 8 117,659 105,240
Cash at bank 82,617 96,032
235,276 246,272
CREDITORS
Amounts falling due within one year 9 386,268 347,256
NET CURRENT LIABILITIES (150,992 ) (100,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,463

118,239

CREDITORS
Amounts falling due after more than
one year

10

(55,880

)

(40,319

)

PROVISIONS FOR LIABILITIES 12 (31,674 ) (25,615 )
NET ASSETS 5,909 52,305

Auto-Plas Ltd (Registered number: 12375979)

Balance Sheet - continued
30th November 2024

30/11/24 30/11/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 13 5 5
Retained earnings 14 5,904 52,300
SHAREHOLDERS' FUNDS 5,909 52,305

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th August 2025 and were signed by:





Mr J Harris - Director


Auto-Plas Ltd (Registered number: 12375979)

Notes to the Financial Statements
for the Year Ended 30th November 2024

1. STATUTORY INFORMATION

Auto-Plas Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Auto-Plas Ltd (Registered number: 12375979)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

Auto-Plas Ltd (Registered number: 12375979)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2023
and 30th November 2024 99,847
AMORTISATION
At 1st December 2023 26,494
Amortisation for year 6,657
At 30th November 2024 33,151
NET BOOK VALUE
At 30th November 2024 66,696
At 30th November 2023 73,353

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st December 2023 186,726 28,320 542 215,588
Additions - 71,495 - 71,495
At 30th November 2024 186,726 99,815 542 287,083
DEPRECIATION
At 1st December 2023 55,296 25,370 108 80,774
Charge for year 18,673 20,824 109 39,606
At 30th November 2024 73,969 46,194 217 120,380
NET BOOK VALUE
At 30th November 2024 112,757 53,621 325 166,703
At 30th November 2023 131,430 2,950 434 134,814

Auto-Plas Ltd (Registered number: 12375979)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st December 2023 72,000 28,320 100,320
Additions - 71,495 71,495
At 30th November 2024 72,000 99,815 171,815
DEPRECIATION
At 1st December 2023 27,000 25,370 52,370
Charge for year 11,218 7,080 18,298
At 30th November 2024 38,218 32,450 70,668
NET BOOK VALUE
At 30th November 2024 33,782 67,365 101,147
At 30th November 2023 45,000 2,950 47,950

6. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1st December 2023
and 30th November 2024 11,056

7. STOCKS
30/11/24 30/11/23
£    £   
Stocks 35,000 45,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade debtors 117,659 105,240

Auto-Plas Ltd (Registered number: 12375979)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans and overdrafts (see note 11) 7,855 9,519
Hire purchase contracts 22,526 27,968
Trade creditors 7,759 21,074
Taxation and social security 14,307 20,615
Other creditors 333,821 268,080
386,268 347,256

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans (see note 11) 7,145 15,481
Hire purchase contracts 48,735 24,838
55,880 40,319

11. LOANS

An analysis of the maturity of loans is given below:

30/11/24 30/11/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,855 9,519
Other loans 238,921 268,080
246,776 277,599

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,145 8,077

Amounts falling due between two and five years:
Bank loans - 2-5 years - 7,404

12. PROVISIONS FOR LIABILITIES
30/11/24 30/11/23
£    £   
Deferred tax 31,674 25,615

Auto-Plas Ltd (Registered number: 12375979)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st December 2023 25,615
Provided during year 6,059
Balance at 30th November 2024 31,674

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/24 30/11/23
value: £    £   
1 Ordinary Shares £1 1 1
1 Ordinary "A" Shares £1 1 1
1 Ordinary "B" Shares £1 1 1
1 Ordinary "C" Shares £1 1 1
1 Ordinary "D" Shares £1 1 1
5 5

14. RESERVES
Retained
earnings
£   

At 1st December 2023 52,300
Deficit for the year (10,146 )
Dividends (36,250 )
At 30th November 2024 5,904