Auto Village Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01935239

Auto Village Limited

Filleted Unaudited Financial Statements

For the year ended

30 April 2025

Auto Village Limited

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		41,579		52,703

Current assets

Stocks		637,488	654,307
Debtors	6	293,627	68,666
Cash at bank and in hand		163,937	682,789
		------------	------------
		1,095,052	1,405,762

Creditors: amounts falling due within one year	7	568,453		850,327
		------------		------------
Net current assets			526,599		555,435
			---------		---------
Total assets less current liabilities			568,178		608,138

Provisions

Taxation including deferred tax	10,395	13,176
	---------	---------
Net assets	557,783	594,962
	---------	---------

Capital and reserves

Called up share capital	200	200
Profit and loss account	557,583	594,762
	---------	---------
Shareholders funds	557,783	594,962
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Auto Village Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 5 September 2025 , and are signed on behalf of the board by:

Mr A P Jones

Director

Company registration number: 01935239

Auto Village Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chamberlains Farm Barn, The Street, Eriswell, Brandon, Suffolk, IP27 9BD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents vehicles sold and related commissions receivable during the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	Over the 11 year life of the lease
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor and Vehicle	-	25% reducing balance

Stocks

Stocks are valued at the lower of cost, based on purchase price, and net realisable value, after making due allowance for obsolete and slow moving items.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 May 2024 and 30 April 2025	365,635	31,266	9,859	58,421	465,181
	---------	--------	-------	--------	---------
Depreciation
At 1 May 2024	365,635	12,193	8,418	26,232	412,478
Charge for the year	–	2,861	216	8,047	11,124
	---------	--------	-------	--------	---------
At 30 April 2025	365,635	15,054	8,634	34,279	423,602
	---------	--------	-------	--------	---------
Carrying amount
At 30 April 2025	–	16,212	1,225	24,142	41,579
	---------	--------	-------	--------	---------
At 30 April 2024	–	19,073	1,441	32,189	52,703
	---------	--------	-------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	14,173	18,807
Amounts owed by group undertakings and undertakings in which the company has a participating interest	243,123	–
Other debtors	36,331	49,859
	---------	--------
	293,627	68,666
	---------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	520,373	628,822
Social security and other taxes	4,906	24,634
Other creditors	43,174	196,871
	---------	---------
	568,453	850,327
	---------	---------

8. Other financial commitments

The total future minimum lease payments under non-cancellable operating leases is £ 335,938 (2024: £373,438).

9. Directors' advances, credits and guarantees

During the current and previous year the company made advances to a director as detailed below.

	2025	2024
	£	£
Advances	199	624
Repayments	641	–
Balance due to the company at the year end	182	624

No interest has been charged on the outstanding balance.

10. Related party transactions

A director has given a personal guarantee to the company's bankers to cover the overdraft and cheque negotiation facilities extended to the company, the maximum amount covered by the personal guarantee is £340,000.