AUTOID LTD.


Director	SMITH, Jack Charles


Registered Address	34 Robjohns Road Robjohns Road
	Chelmsford
	CM1 3AF


Registered Number	09864227 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	31 Dec 2024		30 Nov 2023
		£	£	£	£
Fixed assets
Tangible assets	3		194,139		174,555
			194,139		174,555
Current assets
Stocks		195,055		97,815
Debtors	4	101,943		157,756
Cash at bank and on hand		340,819		102,835
		637,817		358,406
Prepayments and accrued income		-		72,022
Creditors amounts falling due within one year	5	(308,810)		(149,794)
Net current assets (liabilities)			329,007		280,634
Total assets less current liabilities			523,146		455,189
Creditors amounts falling due after one year	6		(197,021)		(207,776)
Net assets			326,125		247,413
Capital and reserves
Called up share capital			106		106
Profit and loss account			326,019		247,307
Shareholders' funds			326,125		247,413

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 23 September 2025, and are signed on its behalf by:

SMITH, Jack Charles
Director
Registered Company No. 09864227

AUTOID LTD.

Notes to the Financial Statements
for the period ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	12		7

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 December 23	198,038
	Additions	197,118
	Disposals	(166,681)
	At 31 December 24	226,296
	Depreciation and impairment
	At 01 December 23	23,484
	Charge for year	29,620
	On disposals	(18,768)
	At 31 December 24	32,157
	Net book value
	At 31 December 24	194,139
	At 30 November 23	174,555

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	52,214	130,462
Other debtors	37,500	-
Prepayments and accrued income	12,229	27,294
Total	101,943	157,756

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	110,817	48,440
Bank borrowings and overdrafts	43,050	43,134
Taxation and social security	123,885	31,957
Finance lease and HP contracts	22,404	25,560
Other creditors	8,654	703
Total	308,810	149,794


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	64,897	64,660
Other creditors	132,124	143,116
Total	197,021	207,776


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	154,357		134,099