REGISTERED NUMBER: 06685153 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

A1 AUTO CENTRE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Mr B M Thompson

Mr S A Thompson

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

06685153 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

57,325

79,732

Investment property

6

496,316

496,316

553,641

576,048

Current assets

Debtors

7

26,876

19,721

Cash at bank

224,434

213,180

251,310

232,901

Creditors

Amounts falling due within one year

8

784,860

772,428

Net current liabilities

(533,550

)

(539,527

)

Total assets less current liabilities

20,091

36,521

Creditors

Amounts falling due after more than one year

9

17,731

27,279

Net assets

2,360

9,242

Capital and reserves

Called up share capital

11

6

6

Retained earnings

2,354

9,236

Shareholders' funds

2,360

9,242

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.

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 September 2025 and were signed on its behalf by:

Mr B M Thompson - Director

1.	Statutory information

A1 Auto Centre 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Goodwill

The purchased goodwill is considered to consist of a number of intangible assets which could not be reliably measured individually, such as methodology, working practices and industry reputation. At acquisition the directors reasonably expect to derive a benefit from this goodwill for a minimum of 10 years.

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

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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.

3.	Employees and directors

The average number of employees during the year was 16 (2023 - 15 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

60,000

Amortisation

At 1 January 2024

and 31 December 2024

60,000

Net book value

At 31 December 2024

-

At 31 December 2023

-

5.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2024

34,195

104,360

13,688

152,243

Additions

-

-

425

425

At 31 December 2024

34,195

104,360

14,113

152,668

Depreciation

At 1 January 2024

27,440

36,542

8,529

72,511

Charge for year

1,689

20,345

798

22,832

At 31 December 2024

29,129

56,887

9,327

95,343

Net book value

At 31 December 2024

5,066

47,473

4,786

57,325

At 31 December 2023

6,755

67,818

5,159

79,732

6.	Investment property

Total

£

Fair value

At 1 January 2024

and 31 December 2024

496,316

Net book value

At 31 December 2024

496,316

At 31 December 2023

496,316

The directors are of the opinion that the fair value of the investment property is not materially different.

7.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

26,876

19,721

8.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

1

-

Hire purchase contracts (see note 10)

10,116

10,116

Trade creditors

16,601

25,515

Taxation and social security

138,932

100,184

Other creditors

619,210

636,613

784,860

772,428

9.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Hire purchase contracts (see note 10)

17,731

27,279

10.	Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

10,116

10,116

Between one and five years

17,731

27,279

27,847

37,395

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

6

Ordinary

£1

6

6