REGISTERED NUMBER: 07614898 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 MAY 2024 TO 31 DECEMBER 2024

FOR

AUTO INDUSTRY CONSULTING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

RC Cardy

REGISTERED OFFICE:

Unit 3C

Upper Adhurst Industrial Park

London Road

Petersfield

Hampshire

GU31 5AE

REGISTERED NUMBER:

07614898 (England and Wales)

ACCOUNTANTS:

Maxwell & Co

9 Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

FIXED ASSETS

Tangible assets

4

49,449

20,355

CURRENT ASSETS

Debtors

5

697,259

604,900

Cash at bank

191,008

184,471

888,267

789,371

CREDITORS

Amounts falling due within one year

6

589,621

635,718

NET CURRENT ASSETS

298,646

153,653

TOTAL ASSETS LESS CURRENT LIABILITIES

348,095

174,008

PROVISIONS FOR LIABILITIES

7

1,072

-

NET ASSETS

347,023

174,008

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

8

50

50

Retained earnings

8

346,923

173,908

SHAREHOLDERS' FUNDS

347,023

174,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2025 and were signed by:

RC Cardy - Director

1.	STATUTORY INFORMATION

Auto Industry Consulting 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 and value added tax. Turnover includes the rendering of services which are recognised over the period of service.

Tangible fixed assets

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

Web site

-

20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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 period was 4 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

Web site

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

23,182

23,317

36,990

28,117

111,606

Additions

-

6,060

21,000

7,914

34,974

Disposals

(20,757

)

(5,315

)

-

(21,747

)

(47,819

)

Reclassification/transfer

-

1,176

-

(1,176

)

-

At 31 December 2024

2,425

25,238

57,990

13,108

98,761

DEPRECIATION

At 1 May 2024

22,697

15,776

28,934

23,844

91,251

Charge for period

324

1,994

1,342

1,598

5,258

Eliminated on disposal

(20,758

)

(4,792

)

-

(21,647

)

(47,197

)

Reclassification/transfer

-

490

-

(490

)

-

At 31 December 2024

2,263

13,468

30,276

3,305

49,312

NET BOOK VALUE

At 31 December 2024

162

11,770

27,714

9,803

49,449

At 30 April 2024

485

7,541

8,056

4,273

20,355

5.

DEBTORS

2024

2024

£

£

Amounts falling due within one year:

Trade debtors

176,263

130,983

Other debtors

22,386

3,250

Directors' current accounts

347,519

319,405

Deferred tax asset

-

1,684

Prepayments

4,287

2,774

550,455

458,096

Amounts falling due after more than one year:

Tax

146,804

146,804

Aggregate amounts

697,259

604,900

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade creditors

5,920

10,079

Tax

136,414

128,823

Social security and other taxes

13,104

4,345

VAT

34,591

48,694

Other creditors

4,038

2,348

Accruals and deferred income

389,654

429,046

Accrued expenses

5,900

12,383

589,621

635,718

7.	PROVISIONS FOR LIABILITIES

2024

£

Deferred tax

1,072

Deferred

tax

£

Balance at 1 May 2024

(1,684

)

Provided during period

2,756

Balance at 31 December 2024

1,072

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 May 2024

173,908

50

173,958

Profit for the period

173,015

173,015

At 31 December 2024

346,923

50

346,973

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2024 and the year ended 30 April 2024:

2024

2024

£

£

RC Cardy

Balance outstanding at start of period

319,405

320,025

Amounts advanced

29,297

187,380

Amounts repaid

(1,183

)

(188,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

347,519

319,405

A Marsh

Balance outstanding at start of period

-

166,540

Amounts repaid

-

(166,540

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

-