REGISTERED NUMBER: 05948582 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

FOR

AUTOCENTRE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G P Watson

Mrs K Watson

J W Birkett

REGISTERED OFFICE:

Auto Centre

Friday Street

Chorley

PR6 0AA

REGISTERED NUMBER:

05948582 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

78,300

49,382

78,300

49,382

CURRENT ASSETS

Stocks

8,022

11,566

Debtors

50,284

48,566

Cash at bank and in hand

401,201

360,410

459,507

420,542

CREDITORS

Amounts falling due within one year

384,950

303,460

NET CURRENT ASSETS

74,557

117,082

TOTAL ASSETS LESS CURRENT LIABILITIES

152,857

166,464

CREDITORS

Amounts falling due after more than one year

(16,667

)

(38,333

)

PROVISIONS FOR LIABILITIES

(16,266

)

(9,589

)

NET ASSETS

119,924

118,542

CAPITAL AND RESERVES

Called up share capital

8

2,000

2,000

Retained earnings

117,924

116,542

SHAREHOLDERS' FUNDS

119,924

118,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 28th July 2025 and were signed on its behalf by:

G P Watson - Director

1.	STATUTORY INFORMATION

Autocentre 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue, described as turnover, represents the value of goods and services (net of VAT) provided to customers during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2006, was amortised evenly over its estimated useful life.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

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 13 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2024

and 30th April 2025

120,000

AMORTISATION

At 1st May 2024

and 30th April 2025

120,000

NET BOOK VALUE

At 30th April 2025

-

At 30th April 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2024

134,862

Additions

48,116

At 30th April 2025

182,978

DEPRECIATION

At 1st May 2024

85,480

Charge for year

19,198

At 30th April 2025

104,678

NET BOOK VALUE

At 30th April 2025

78,300

At 30th April 2024

49,382

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

54,196

38,696

Between one and five years

188,588

154,784

In more than five years

195,304

221,304

438,088

414,784

7.	SECURED DEBTS

The company assets are secured by fixed and floating charges, dated 25 October 2016, in favour of National Westminster Bank Plc.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

630

A Ordinary

£1

630

630

370

B Ordinary

£1

370

370

500

C Ordinary

£1

500

500

500

D Ordinary

£1

500

500

2,000

2,000

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout this period by its directors, by virtue of the fact that they beneficially own the whole of the issued share capital.