Company No: 06146537 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	49,730		55,256
Tangible assets	4	241		301
		49,971		55,557
Current assets
Stocks		62,898		53,124
Debtors	5	24,117		71,918
Cash at bank and in hand		28,714		17,324
		115,729		142,366
Creditors: amounts falling due within one year	6	( 110,384)		( 137,752)
Net current assets		5,345		4,614
Total assets less current liabilities		55,316		60,171
Creditors: amounts falling due after more than one year	7	( 3,502)		( 14,071)
Net assets		51,814		46,100
Capital and reserves
Called-up share capital		100		100
Profit and loss account		51,714		46,000
Total shareholders' funds		51,814		46,100

For the financial 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Auto Capozzoli Limited (registered number: 06146537) were approved and authorised for issue by the Board of Directors on 27 November 2025. They were signed on its behalf by:

L Capozzoli Director

A Capozzoli Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Auto Capozzoli Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Albert Goodman, Lupin Way, Yeovil, BA22 8WW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 % reducing balance

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	233,392		233,392
At 31 March 2025	233,392		233,392
Accumulated amortisation
At 01 April 2024	178,136		178,136
Charge for the financial year	5,526		5,526
At 31 March 2025	183,662		183,662
Net book value
At 31 March 2025	49,730		49,730
At 31 March 2024	55,256		55,256

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	4,516		4,516
At 31 March 2025	4,516		4,516
Accumulated depreciation
At 01 April 2024	4,215		4,215
Charge for the financial year	60		60
At 31 March 2025	4,275		4,275
Net book value
At 31 March 2025	241		241
At 31 March 2024	301		301

5. Debtors

	2025		2024
	£		£
Trade debtors	5,100		2,795
Other debtors	19,017		69,123
	24,117		71,918

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,419		10,000
Trade creditors	32,870		82,343
Taxation and social security	30,379		27,254
Other creditors	36,716		18,155
	110,384		137,752

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	3,502		14,071

Within the bank loans is a balance of £13,922 which relates to an outstanding amount due from a Coronavirus Bounce Back Loan (2024-£24,071). The UK government have guaranteed 100% of the value of the loan.

A security pledge exists over the company's overdraft facility. At the year end, the overdraft had a balance of £nil (2024-£nil). The facility is secured by a fixed and floating charge over all of the property and assets.

8. Related party transactions

Transactions with the entity's directors

Advances

The Director's loan accounts are repayable on demand and interest is charged on overdrawn balances exceeding £10,000 each at the official HMRC rates.

At 1 April 2024 the balance owed from the directors was £51,695 During the year, the company made advances to directors amounting to £29,613 and received repayments of £64,038 leaving a balance due from the directors of £17,270.

At 1 April 2023 the balance owed from the directors £51,363. During the year, the company made advances to directors amounting to £7,377 and received repayments of £7,045 leaving a balance due from the directors of £51,695.