AUTOTRIM LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 3226074

AUTOTRIM LIMITED

Filleted Unaudited Financial Statements

31 July 2025

AUTOTRIM LIMITED

Financial Statements

Year ended 31st July 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

AUTOTRIM LIMITED

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		27,751	11,259

Current assets

Stocks		1,796	1,643
Debtors	6	49,525	64,122
Cash at bank and in hand		19,767	26,385
		--------	--------
		71,088	92,150

Creditors: amounts falling due within one year	7	80,521		91,045
		--------		--------
Net current (liabilities)/assets			( 9,433)	1,105
			--------	--------
Total assets less current liabilities			18,318	12,364

Creditors: amounts falling due after more than one year	8		10,287	8,773

Provisions

Taxation including deferred tax	5,273	2,139
	--------	--------
Net assets	2,758	1,452
	--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	2,756	1,450
	-------	-------
Shareholders funds	2,758	1,452
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st July 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

AUTOTRIM LIMITED

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 23 April 2026 , and are signed on behalf of the board by:

Mrs S J McDermott	Mr J S McDermott
Director	Director

Company registration number: 3226074

AUTOTRIM LIMITED

Notes to the Financial Statements

Year ended 31st July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260/268 Chapel Street, Salford, M3 5JZ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation .

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures, Fittings & Equipment	-	15% reducing balance
Motor Vehicles	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 4 ).

5. Tangible assets

	Fixtures, Fittings & Equipment	Motor Vehicles	Total
	£	£	£
Cost
At 1st August 2024	12,846	24,262	37,108
Additions	5,232	27,385	32,617
Disposals	–	( 24,262)	( 24,262)
	--------	--------	--------
At 31st July 2025	18,078	27,385	45,463
	--------	--------	--------
Depreciation
At 1st August 2024	11,252	14,597	25,849
Charge for the year	983	5,477	6,460
Disposals	–	( 14,597)	( 14,597)
	--------	--------	--------
At 31st July 2025	12,235	5,477	17,712
	--------	--------	--------
Carrying amount
At 31st July 2025	5,843	21,908	27,751
	--------	--------	--------
At 31st July 2024	1,594	9,665	11,259
	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	39,099	54,367
Other debtors	10,426	9,755
	--------	--------
	49,525	64,122
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	8,773	10,289
Trade creditors	21,045	16,122
Social security and other taxes	41,737	52,441
Other creditors	8,966	12,193
	--------	--------
	80,521	91,045
	--------	--------

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

	2025	2024
	£	£
Bank loans and overdrafts	–	8,773
Other creditors	10,287	–
	--------	-------
	10,287	8,773
	--------	-------

9. Related party transactions

At the year end the company owed to its directors £216 (2024 - £1,071).