Company Registration No. 12277402 (England and Wales)
AT AUTOMOTIVE LTD
Unaudited accounts
for the year ended 31 October 2024
AT AUTOMOTIVE LTD
Unaudited accounts
Contents
AT AUTOMOTIVE LTD
Company Information
for the year ended 31 October 2024
Directors
Adam Neil Badger
Alicia Yasmine Whitaker-Morris
Company Number
12277402 (England and Wales)
Registered Office
AT Automotive Ltd
Unit 9 Lyford Business Centre
Lyford
Oxon
OX12 0EE
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
AT AUTOMOTIVE LTD
Statement of financial position
as at 31 October 2024
Tangible assets
22,211
23,378
Cash at bank and in hand
9,762
9,332
Creditors: amounts falling due within one year
(264,292)
(257,802)
Net current liabilities
(66,213)
(139,938)
Total assets less current liabilities
(44,002)
(116,560)
Creditors: amounts falling due after more than one year
(75,397)
(112,311)
Net liabilities
(119,399)
(228,871)
Called up share capital
2
2
Profit and loss account
(119,401)
(228,873)
Shareholders' funds
(119,399)
(228,871)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by
Adam Neil Badger
Director
Company Registration No. 12277402
AT AUTOMOTIVE LTD
Notes to the Accounts
for the year ended 31 October 2024
AT AUTOMOTIVE LTD is a private company, limited by shares, registered in England and Wales, registration number 12277402. The registered office is AT Automotive Ltd, Unit 9 Lyford Business Centre, Lyford, Oxon, OX12 0EE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company reports a balance sheet showing net liabilities. With the continued support of the directors, the company is able to continue trading for the foreseeable future.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
AT AUTOMOTIVE LTD
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
29,006
10,950
1,189
663
41,808
Additions
1,046
2,300
-
2,028
5,374
At 31 October 2024
30,052
13,250
1,189
2,691
47,182
At 1 November 2023
12,047
5,793
224
366
18,430
Charge for the year
4,347
1,625
241
328
6,541
At 31 October 2024
16,394
7,418
465
694
24,971
At 31 October 2024
13,658
5,832
724
1,997
22,211
At 31 October 2023
16,959
5,157
965
297
23,378
Amounts falling due within one year
Trade debtors
177,417
97,632
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,280
5,280
Trade creditors
87,557
113,933
Taxes and social security
66,772
44,754
Other creditors
12,238
25,560
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
67,535
99,560
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).