REGISTERED NUMBER: 04959173 (England and Wales)

AUTO REFINISHERS YORK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

B J Starkey

P Starkey

SECRETARY:

B J Starkey

REGISTERED OFFICE:

Old Station Yard, Common Road

Dunnington

York

YO19 5EP

REGISTERED NUMBER:

04959173 (England and Wales)

ACCOUNTANTS:

UHY Calvert Smith

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

FIXED ASSETS

Tangible assets

4

49,613

50,691

CURRENT ASSETS

Stocks

14,807

9,105

Debtors

74,482

80,337

Cash at bank and in hand

411,881

280,153

501,170

369,595

CREDITORS

Amounts falling due within one year

166,145

136,479

NET CURRENT ASSETS

335,025

233,116

TOTAL ASSETS LESS CURRENT LIABILITIES

384,638

283,807

CREDITORS

Amounts falling due after more than one year

(7,027

)

(17,373

)

PROVISIONS FOR LIABILITIES

(12,403

)

(12,364

)

NET ASSETS

365,208

254,070

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

365,108

253,970

365,208

254,070

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 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 25 September 2025 and were signed on its behalf by:

B J Starkey - Director

1.	STATUTORY INFORMATION

Auto Refinishers York 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

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

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

When the outcome of the provision of the service can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date.

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

-

20% straight line and 10% straight line

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 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 12 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

239,479

Additions

15,655

Disposals

(8,791

)

At 31 December 2024

246,343

DEPRECIATION

At 1 January 2024

188,788

Charge for year

9,708

Eliminated on disposal

(1,766

)

At 31 December 2024

196,730

NET BOOK VALUE

At 31 December 2024

49,613

At 31 December 2023

50,691

5.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

65,394

61,306

Between one and five years

214,477

198,871

In more than five years

157,200

195,000

437,071

455,177

6.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

17,370

27,452

Included within bank loans, are loans secured by the UK Government under the Bounce Back Loan Scheme.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

B J Starkey

Balance outstanding at start of year

-

-

Amounts advanced

6,400

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,400

-

The loan is interest free and repayable on demand.