Autospeed Servicing & Mot Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Registered number: 10713284

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,201		3,001
Tangible Assets	5		65,672		65,944

			66,873		68,945
CURRENT ASSETS
Stocks	6	26,656		18,152
Debtors	7	10,293		2,965
Cash at bank and in hand		80,104		5,330

		117,053		26,447
Creditors: Amounts Falling Due Within One Year	8	(309,241 )		(301,456 )

NET CURRENT ASSETS (LIABILITIES)			(192,188 )		(275,009 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(125,315 )		(206,064 )

Creditors: Amounts Falling Due After More Than One Year	9		(140,170 )		(62,092 )

NET LIABILITIES			(265,485 )		(268,156 )

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			(265,585 )		(268,256 )

SHAREHOLDERS' FUNDS			(265,485)		(268,156)

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Autospeed Servicing & Mot Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr L Rossiter

Director

22 April 2026

The notes on pages 4 to 7 form part of these financial statements.

1. General Information

Autospeed Servicing & Mot Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10713284 . The registered office is 162 High Street, Portishead, Bristol, BS20 6PY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets comprise website costs and are amortised at 15% per annum on a straight line basis.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10%
Motor Vehicles	20%
Fixtures & Fittings	10%

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Autospeed Servicing & Mot Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 11)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 May 2024	294,011	12,000	306,011

As at 30 April 2025	294,011	12,000	306,011

Amortisation
As at 1 May 2024	294,010	9,000	303,010
Provided during the period	-	1,800	1,800

As at 30 April 2025	294,010	10,800	304,810

Net Book Value
As at 30 April 2025	1	1,200	1,201

As at 1 May 2024	1	3,000	3,001

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Autospeed Servicing & Mot Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 May 2024	109,102	37,887	3,057	150,046
Additions	14,148	-	-	14,148

As at 30 April 2025	123,250	37,887	3,057	164,194

Depreciation
As at 1 May 2024	50,997	31,577	1,528	84,102
Provided during the period	12,537	1,577	306	14,420

As at 30 April 2025	63,534	33,154	1,834	98,522

Net Book Value
As at 30 April 2025	59,716	4,733	1,223	65,672

As at 1 May 2024	58,105	6,310	1,529	65,944

6. Stocks

	2025	2024
	£	£
Stock	26,656	18,152

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,189	2,965
Prepayments and accrued income	7,104	-

	10,293	2,965

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Autospeed Servicing & Mot Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	3,155	3,155
Trade creditors	95,717	84,737
Bank loans and overdrafts	42,281	121,621
Other taxes and social security	68,352	64,540
Other creditors	98,876	24,153
Accruals and deferred income	860	3,250

	309,241	301,456

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,472	4,733
Bank loans	137,698	57,359

	140,170	62,092

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,155	3,155
Later than one year and not later than five years	2,472	4,733

	5,627	7,888

	5,627	7,888

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

Page 7

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 May 2023	100	(249,314 )	(249,214)
Loss for the year and total comprehensive income	-	(18,942 )	(18,942)

As at 30 April 2024 and 1 May 2024	100	(268,256 )	(268,156)


Profit for the year and total comprehensive income	-	2,671	2,671

As at 30 April 2025	100	(265,585 )	(265,485)