REGISTERED NUMBER: 07506183 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

AUTO PAINT AND EQUIPMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Bansal

REGISTERED OFFICE:

448 Beake Avenue

Coventry

West Midlands

CV6 2HQ

REGISTERED NUMBER:

07506183 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

180

2,340

Tangible assets

5

16,240

21,488

16,420

23,828

CURRENT ASSETS

Stocks

76,777

-

Debtors

6

87,919

63,032

Cash at bank

49,154

194,225

213,850

257,257

CREDITORS

Amounts falling due within one year

7

256,238

250,696

NET CURRENT (LIABILITIES)/ASSETS

(42,388

)

6,561

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,968

)

30,389

CREDITORS

Amounts falling due after more than one year

8

(19,167

)

(23,935

)

PROVISIONS FOR LIABILITIES

(4,060

)

(5,372

)

NET (LIABILITIES)/ASSETS

(49,195

)

1,082

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(50,195

)

82

SHAREHOLDERS' FUNDS

(49,195

)

1,082

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2026 and were signed by:

M S Bansal - Director

1.	STATUTORY INFORMATION

Auto Paint And Equipment 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.

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.

Turnover

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

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 June 2024

and 31 May 2025

21,600

AMORTISATION

At 1 June 2024

19,260

Amortisation for year

2,160

At 31 May 2025

21,420

NET BOOK VALUE

At 31 May 2025

180

At 31 May 2024

2,340

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 June 2024

and 31 May 2025

263,180

9,367

7,600

280,147

DEPRECIATION

At 1 June 2024

243,409

8,120

7,130

258,659

Charge for year

4,943

187

118

5,248

At 31 May 2025

248,352

8,307

7,248

263,907

NET BOOK VALUE

At 31 May 2025

14,828

1,060

352

16,240

At 31 May 2024

19,771

1,247

470

21,488

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 June 2024

and 31 May 2025

7,600

DEPRECIATION

At 1 June 2024

7,130

Charge for year

118

At 31 May 2025

7,248

NET BOOK VALUE

At 31 May 2025

352

At 31 May 2024

470

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

4,950

4,402

Other debtors

47,038

35,038

Directors' current accounts

25,583

23,592

Tax

3,992

-

VAT

6,356

-

87,919

63,032

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

4,758

4,767

Other creditors

237,457

216,457

Tax

-

11,796

Social security and other taxes

277

(21

)

Net wages

2,656

1,325

Pension Liability

109

327

VAT

-

5,606

Accrued expenses

10,981

10,439

256,238

250,696

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans - 2-5 years

18,828

19,068

Bank loans more 5 yr by instal

339

4,867

19,167

23,935

31.5.25

31.5.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

339

4,867