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REGISTERED NUMBER: 07078716 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 November 2024

for

Autowerks 2010 Limited

Autowerks 2010 Limited (Registered number: 07078716)

Contents of the Financial Statements
For The Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Autowerks 2010 Limited

Company Information
For The Year Ended 30 November 2024







DIRECTORS: Mr J R Pulford
Mr A D Pulford





REGISTERED OFFICE: The Embankment
Wellingborough
NORTHAMPTONSHIRE
NN8 1LD





REGISTERED NUMBER: 07078716 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Autowerks 2010 Limited (Registered number: 07078716)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 200 400
Tangible assets 5 10,241 12,218
10,441 12,618

CURRENT ASSETS
Stocks 154,385 77,391
Debtors 6 6,288 6,288
Cash at bank 106,301 185,215
266,974 268,894
CREDITORS
Amounts falling due within one year 7 73,800 50,667
NET CURRENT ASSETS 193,174 218,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,615

230,845

CREDITORS
Amounts falling due after more than one year 8 (15,132 ) (25,780 )

PROVISIONS FOR LIABILITIES 9 (1,741 ) (2,168 )
NET ASSETS 186,742 202,897

Autowerks 2010 Limited (Registered number: 07078716)

Balance Sheet - continued
30 November 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 186,740 202,895
SHAREHOLDERS' FUNDS 186,742 202,897

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 August 2025 and were signed on its behalf by:





Mr J R Pulford - Director


Autowerks 2010 Limited (Registered number: 07078716)

Notes to the Financial Statements
For The Year Ended 30 November 2024


1. STATUTORY INFORMATION

Autowerks 2010 Limited 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of three 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.
Plant and machinery etc - 15% on reducing balance and at variable rates on reducing balance

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives,using either a straight line or reducing balance method, as indicated above.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and investments.

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.


Autowerks 2010 Limited (Registered number: 07078716)

Notes to the Financial Statements - continued
For The Year Ended 30 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
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 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 600
AMORTISATION
At 1 December 2023 200
Charge for year 200
At 30 November 2024 400
NET BOOK VALUE
At 30 November 2024 200
At 30 November 2023 400

Autowerks 2010 Limited (Registered number: 07078716)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024


5. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipmt Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 74,250 9,955 84,205
DEPRECIATION
At 1 December 2023 62,837 9,150 71,987
Charge for year 1,712 265 1,977
At 30 November 2024 64,549 9,415 73,964
NET BOOK VALUE
At 30 November 2024 9,701 540 10,241
At 30 November 2023 11,413 805 12,218

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,288 6,288

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,362 8,968
Taxation and social security 28,489 26,848
Other creditors 14,949 14,851
73,800 50,667

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,132 25,780

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,741 2,168

Deferred
tax
£   
Balance at 1 December 2023 2,168
Provided during year (427 )
Balance at 30 November 2024 1,741