Automotive Supplies Limited - Filleted accounts

Registered number

05361930

Automotive Supplies Limited

Filleted Accounts

31 March 2025

Automotive Supplies Limited
Registered number:		05361930
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		6,290			7,286

Current assets
Stocks		37,500			48,496
Debtors	5	206,525			153,638
Cash at bank and in hand		248,304			432,255
		492,329			634,389

Creditors: amounts falling due within one year	6	(133,719)			(178,093)

Net current assets			358,610			456,296

Total assets less current liabilities			364,900			463,582


Provisions for liabilities			(439)			(439)


Net assets			364,461			463,143

Capital and reserves
Called up share capital			100			100
Profit and loss account			364,361			463,043

Shareholders' funds			364,461			463,143

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Amjed Umarji
Director
Approved by the board on 16 October 2025

Automotive Supplies Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% Reducing balance
	Motor vehicles	25% Reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the 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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			8		8


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					20,000
	At 31 March 2025					20,000

	Amortisation
	At 1 April 2024					20,000
	At 31 March 2025					20,000

	Net book value
	At 31 March 2025					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	17,678		15,667		33,345
	Additions	1,100		-		1,100
	At 31 March 2025	18,778		15,667		34,445

	Depreciation
	At 1 April 2024	16,529		9,530		26,059
	Charge for the year	562		1,534		2,096
	At 31 March 2025	17,091		11,064		28,155

	Net book value
	At 31 March 2025	1,687		4,603		6,290
	At 31 March 2024	1,149		6,137		7,286


5	Debtors			2025		2024
£					£

	Trade debtors			126,525		93,638
	Other debtors			80,000		60,000
				206,525		153,638


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			118,308		150,270
	Taxation and social security costs			14,975		14,734
	Other creditors			436		13,089
				133,719		178,093


7	Controlling party

	There is no ultimate controlling party.


8	Other information

	Automotive Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is:
	12 Headfield Road
	Savile Town
	Dewsbury
	West Yorkshire
	WF12 9NJ