22 01/04/2024 31/03/2025 2025-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09121292 2024-04-01 2025-03-31 09121292 2025-03-31 09121292 2024-03-31 09121292 2023-04-01 2024-03-31 09121292 2024-03-31 09121292 2023-03-31 09121292 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 09121292 core:MotorVehicles 2024-04-01 2025-03-31 09121292 bus:Director1 2024-04-01 2025-03-31 09121292 core:FurnitureFittingsToolsEquipment 2024-03-31 09121292 core:FurnitureFittingsToolsEquipment 2025-03-31 09121292 core:WithinOneYear 2025-03-31 09121292 core:WithinOneYear 2024-03-31 09121292 core:AfterOneYear 2025-03-31 09121292 core:AfterOneYear 2024-03-31 09121292 core:ShareCapital 2025-03-31 09121292 core:ShareCapital 2024-03-31 09121292 core:RetainedEarningsAccumulatedLosses 2025-03-31 09121292 core:RetainedEarningsAccumulatedLosses 2024-03-31 09121292 core:FurnitureFittingsToolsEquipment 2024-03-31 09121292 bus:SmallEntities 2024-04-01 2025-03-31 09121292 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09121292 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09121292 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09121292 bus:FullAccounts 2024-04-01 2025-03-31
Company registration number: 09121292
AUTO-ASSESS LIMITED
Unaudited filleted financial statements
31 March 2025
AUTO-ASSESS LIMITED
Contents
Statement of financial position
Notes to the financial statements
AUTO-ASSESS LIMITED
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 58,143 80,360
_______ _______
58,143 80,360
Current assets
Debtors 6 81,203 64,446
Cash at bank and in hand 278,437 107,589
_______ _______
359,640 172,035
Creditors: amounts falling due
within one year 7 ( 208,290) ( 89,144)
_______ _______
Net current assets 151,350 82,891
_______ _______
Total assets less current liabilities 209,493 163,251
Creditors: amounts falling due
after more than one year 8 ( 22,323) ( 48,705)
Provisions for liabilities ( 14,536) ( 12,996)
_______ _______
Net assets 172,634 101,550
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 172,632 101,548
_______ _______
Shareholders funds 172,634 101,550
_______ _______
For the year ending 31 March 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.
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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 October 2025 , and are signed on behalf of the board by:
Mr B P McMahon
Director
Company registration number: 09121292
AUTO-ASSESS LIMITED
Notes to the financial statements
Year ended 31 March 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 Minerva Mill Innovation Centre, Station Road, Alcester, Warwickshire, B49 5ET.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Tangible assets
tangible assets are initially recorded at cost, and are 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:
Fittings fixtures and equipment - 25 % straight line
Motor vehicles - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
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 22 (2024: 16 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2024 129,591 129,591
Additions 1,348 1,348
_______ _______
At 31 March 2025 130,939 130,939
_______ _______
Depreciation
At 1 April 2024 49,231 49,231
Charge for the year 23,565 23,565
_______ _______
At 31 March 2025 72,796 72,796
_______ _______
Carrying amount
At 31 March 2025 58,143 58,143
_______ _______
At 31 March 2024 80,360 80,360
_______ _______
6. Debtors
2025 2024
£ £
Trade debtors 81,203 64,446
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Corporation tax 21,413 -
Social security and other taxes 12,216 8,089
Other creditors 174,661 81,055
_______ _______
208,290 89,144
_______ _______
8. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors 22,323 48,705
_______ _______
9. Directors advances, credits and guarantees
As at 31 March 2025 the company owed its directors, Mr B P McMahon and Miss K T Donnelly, a total of £10,529 (2024:£170). No interest is payable on this loan.
10. Controlling party
The company is controlled by the directors by virtue of their shareholdings.