REGISTERED NUMBER: 06126017 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

A.L.S. AUTOS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Summersgill

Mrs L Summersgill

Mrs S J Coppard

SECRETARY:

A Summersgill

REGISTERED OFFICE:

Downham Garage

23A Main Street

Little Downham

Ely

Cambridgeshire

CB6 2ST

REGISTERED NUMBER:

06126017 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

22,380

26,110

Tangible assets

5

103,368

27,697

125,748

53,807

CURRENT ASSETS

Stocks

428,455

454,809

Debtors

6

127,302

227,265

Cash at bank and in hand

39,546

107,003

595,303

789,077

CREDITORS

Amounts falling due within one year

7

223,998

356,774

NET CURRENT ASSETS

371,305

432,303

TOTAL ASSETS LESS CURRENT LIABILITIES

497,053

486,110

CREDITORS

Amounts falling due after more than one year

8

(70,374

)

(11,691

)

PROVISIONS FOR LIABILITIES

(26,000

)

(6,900

)

NET ASSETS

400,679

467,519

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

400,677

467,517

SHAREHOLDERS' FUNDS

400,679

467,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

A Summersgill - Director

Mrs L Summersgill - Director

1.	STATUTORY INFORMATION

A.L.S. Autos Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Vehicles on consignment are included within stock where there has been a transfer of the significant risks and reward of ownership which in substance gives the company control over the consignment vehicles. The corresponding liability is included in vehicle stocking loans within creditors.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Consolidation

The parent company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

37,300

AMORTISATION

At 1 April 2024

11,190

Amortisation for year

3,730

At 31 March 2025

14,920

NET BOOK VALUE

At 31 March 2025

22,380

At 31 March 2024

26,110

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

11,185

-

25,493

36,678

Additions

1,004

81,598

-

82,602

At 31 March 2025

12,189

81,598

25,493

119,280

DEPRECIATION

At 1 April 2024

2,938

-

6,043

8,981

Charge for year

2,068

-

4,863

6,931

At 31 March 2025

5,006

-

10,906

15,912

NET BOOK VALUE

At 31 March 2025

7,183

81,598

14,587

103,368

At 31 March 2024

8,247

-

19,450

27,697

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

15,143

61,384

Amounts owed by group undertakings

78,462

146,297

Other debtors

33,697

19,584

127,302

227,265

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,019

10,023

Hire purchase contracts (see note 9)

11,788

-

Trade creditors

93,997

121,649

Taxation and social security

81,322

196,172

Other creditors

26,872

28,930

223,998

356,774

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,672

11,691

Hire purchase contracts (see note 9)

68,702

-

70,374

11,691

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

11,788

-

Between one and five years

68,702

-

80,490

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

80,490

-

Assets acquired under hire purchase agreements remain the property of the finance company until the agreement is complete.

11.	GROUP COMPANY

At the year end, an interest free loan amounting to £78,462 (2024 - £146,297) was owed from a group company.