1 November 2024 false No description of principal activity Taxfiler 2024.6 08265665 business:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 08265665 2024-10-31 08265665 2024-11-01 2025-10-31 08265665 business:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 08265665 business:FilletedAccounts 2024-11-01 2025-10-31 08265665 2025-10-31 08265665 business:Director1 2024-11-01 2025-10-31 08265665 business:Director2 2024-11-01 2025-10-31 08265665 business:Director3 2024-11-01 2025-10-31 08265665 business:Director4 2024-11-01 2025-10-31 08265665 business:Director5 2024-11-01 2025-10-31 08265665 business:RegisteredOffice 2024-11-01 2025-10-31 08265665 2024-10-31 08265665 core:WithinOneYear 2025-10-31 08265665 core:WithinOneYear 2024-10-31 08265665 core:AfterOneYear 2025-10-31 08265665 core:AfterOneYear 2024-10-31 08265665 core:ShareCapital core:PreviouslyStatedAmount 2025-10-31 08265665 core:ShareCapital core:PreviouslyStatedAmount 2024-10-31 08265665 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-10-31 08265665 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-10-31 08265665 core:PreviouslyStatedAmount 2025-10-31 08265665 core:PreviouslyStatedAmount 2024-10-31 08265665 business:SmallEntities 2024-11-01 2025-10-31 08265665 countries:EnglandWales 2024-11-01 2025-10-31 08265665 core:PlantMachinery 2024-11-01 2025-10-31 08265665 core:MotorVehicles 2024-11-01 2025-10-31 08265665 core:FurnitureFittings 2024-11-01 2025-10-31 08265665 core:PlantMachinery 2024-10-31 08265665 core:MotorVehicles 2024-10-31 08265665 core:FurnitureFittings 2024-10-31 08265665 core:PlantMachinery 2025-10-31 08265665 core:MotorVehicles 2025-10-31 08265665 core:FurnitureFittings 2025-10-31 08265665 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Company Registration No. 08265665 (England and Wales)
AUSTRIN GEARBOX SPECIALIST LTD Unaudited accounts for the year ended 31 October 2025
AUSTRIN GEARBOX SPECIALIST LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
AUSTRIN GEARBOX SPECIALIST LTD Company Information for the year ended 31 October 2025
Directors
Mr S J Cornforth Mr A Johnson Mr J S Cornforth Mrs S A Johnson Mrs K Cornforth
Company Number
08265665 (England and Wales)
Registered Office
PLATINUM HOUSE LOCOMOTION WAY CAMPERDOWN INDUSTRIAL ESTATE NEWCASTLE UPON TYNE NE12 5US ENGLAND
Accountants
G W Accountants Ltd 1 Jesmond Business Court 217 Jesmond Road Newcastle upon Tyne NE2 1LA
- 3 -
AUSTRIN GEARBOX SPECIALIST LTD Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
23,964
36,853
Current assets
Debtors
5
47,069
59,018
Cash at bank and in hand
751,863
566,024
798,932
625,042
Creditors: amounts falling due within one year
6
(323,127)
(262,771)
Net current assets
475,805
362,271
Total assets less current liabilities
499,769
399,124
Creditors: amounts falling due after more than one year
7
-
(6,615)
Net assets
499,769
392,509
Capital and reserves
Called up share capital
120
120
Profit and loss account
499,649
392,389
Shareholders' funds
499,769
392,509
For the year ending 31 October 2025 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 15 December 2025 and were signed on its behalf by
Mr S J Cornforth Director Company Registration No. 08265665
- 4 -
AUSTRIN GEARBOX SPECIALIST LTD Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
AUSTRIN GEARBOX SPECIALIST LTD is a private company, limited by shares, registered in England and Wales, registration number 08265665. The registered office is PLATINUM HOUSE LOCOMOTION WAY, CAMPERDOWN INDUSTRIAL ESTATE, NEWCASTLE UPON TYNE, NE12 5US, ENGLAND.
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.
3
Accounting policies
These financial statements for the year ended 31 October 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
3 year straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
3 year straight line
- 5 -
AUSTRIN GEARBOX SPECIALIST LTD Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
59,169
24,713
4,013
87,895
Additions
3,608
1,000
1,100
5,708
Disposals
-
(1,000)
-
(1,000)
At 31 October 2025
62,777
24,713
5,113
92,603
Depreciation
At 1 November 2024
33,669
15,133
2,240
51,042
Charge for the year
13,960
2,458
1,429
17,847
On disposals
-
(250)
-
(250)
At 31 October 2025
47,629
17,341
3,669
68,639
Net book value
At 31 October 2025
15,148
7,372
1,444
23,964
At 31 October 2024
25,500
9,580
1,773
36,853
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
42,905
57,646
Accrued income and prepayments
1,364
72
Other debtors
2,800
1,300
47,069
59,018
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,834
9,218
VAT
45,418
30,415
Trade creditors
151,485
146,948
Taxes and social security
108,642
68,735
Other creditors
7,951
1,585
Loans from directors
(1,203)
870
Accruals
5,000
5,000
323,127
262,771
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
6,615
8
Average number of employees
During the year the average number of employees was 19 (2024: 17).
- 6 -