REGISTERED NUMBER: 11127389 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AUTOVENTIVE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G J Hughes

L F Williams

T Grant

M Alber

A Davies

REGISTERED OFFICE:

The Exchange

18 St Peter's Square

Ruthin

Denbighshire

LL15 1YL

REGISTERED NUMBER:

11127389 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

ACCOUNTANTS:

Morgan Venables Ltd

Office 1

Crown House

Well Street

Ruthin

LL15 1AE

FIXED ASSETS

Tangible assets

5

90,391

27,669

CURRENT ASSETS

Debtors

6

22,682

84,040

Cash at bank and in hand

433,909

388,034

456,591

472,074

CREDITORS

Amounts falling due within one year

7

212,174

194,900

NET CURRENT ASSETS

244,417

277,174

TOTAL ASSETS LESS CURRENT LIABILITIES

334,808

304,843

PROVISIONS FOR LIABILITIES

22,598

6,917

NET ASSETS

312,210

297,926

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

312,110

297,826

312,210

297,926

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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

G J Hughes - Director

1.	STATUTORY INFORMATION

Autoventive 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Going Concern

The financial statements have been prepared on a going concern basis as the directors are of the opinion that the Company will be able to pay its liabilities as and when they fall due.

The directors have reached this conclusion after assessing the Company's future cash and funding requirements along with budgets and medium term plans.

Turnover

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

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

-

25% on reducing balance

Government grants

Government grants are recognised in the profit and loss based on the performance model. Grants for immediate financial support or to cover expenditure are recognised in the profit and loss on the date they are received.

Taxation

Taxation for the year 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors

Short term debtors are measured at transaction price (which is usually invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 13 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

41,720

Additions

79,928

At 31 December 2024

121,648

DEPRECIATION

At 1 January 2024

14,051

Charge for year

17,206

At 31 December 2024

31,257

NET BOOK VALUE

At 31 December 2024

90,391

At 31 December 2023

27,669

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

3,000

1,260

Tax

-

65,153

VAT

19,682

17,627

22,682

84,040

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

39,933

-

Social security and other taxes

101,497

74,257

Other creditors

13,239

14,425

Accrued expenses

57,505

106,218

212,174

194,900

8.	LEASING AGREEMENTS

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

31.12.24

31.12.23

£

£

Within one year

36,564

12,564

Between one and five years

8,376

20,940

44,940

33,504

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aled Davies FCCA (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY