BrightAccountsProduction v1.0.0 v1.0.0 2024-09-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company is currently dormant. 31 May 2026 1 1 12178458 2025-08-31 12178458 2024-08-31 12178458 2023-08-31 12178458 2024-09-01 2025-08-31 12178458 2023-09-01 2024-08-31 12178458 uk-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 12178458 uk-curr:PoundSterling 2024-09-01 2025-08-31 12178458 uk-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 12178458 uk-bus:FullAccounts 2024-09-01 2025-08-31 12178458 uk-bus:Director1 2024-09-01 2025-08-31 12178458 uk-bus:RegisteredOffice 2024-09-01 2025-08-31 12178458 uk-bus:Agent1 2024-09-01 2025-08-31 12178458 uk-core:ShareCapital 2025-08-31 12178458 uk-core:ShareCapital 2024-08-31 12178458 uk-core:RetainedEarningsAccumulatedLosses 2025-08-31 12178458 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 12178458 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-08-31 12178458 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-08-31 12178458 uk-bus:FRS102 2024-09-01 2025-08-31 12178458 uk-core:WithinOneYear 2025-08-31 12178458 uk-core:WithinOneYear 2024-08-31 12178458 uk-core:WithinOneYear 2025-08-31 12178458 uk-core:WithinOneYear 2024-08-31 12178458 uk-core:AfterOneYear 2025-08-31 12178458 uk-core:AfterOneYear 2024-08-31 12178458 uk-core:BetweenOneTwoYears 2025-08-31 12178458 uk-core:BetweenOneTwoYears 2024-08-31 12178458 2024-09-01 2025-08-31 12178458 uk-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Automatic Gear Change Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 August 2025



Automatic Gear Change Ltd
Director and Other Information

 
Director Mrs Joanne Roberts
 
 
Company Registration Number 12178458
 
 
Registered Office and Business Address 2 Jagaar Court
Burtle
Bridgwater
TA7 8NU
 
 
Accountants Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF
United Kingdom



Automatic Gear Change Ltd
Company Registration Number: 12178458
Balance Sheet
as at 31 August 2025

2025 2024
Notes £ £
 
Current Assets
Cash at bank and in hand 760 837
Creditors: amounts falling due within one year 4 (10,325) (7,453)
───────── ─────────
Net Current Liabilities (9,565) (6,616)
───────── ─────────
Total Assets less Current Liabilities (9,565) (6,616)
 
Creditors:
amounts falling due after more than one year 5 - (2,250)
───────── ─────────
Net Liabilities (9,565) (8,866)
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings (9,665) (8,966)
───────── ─────────
Shareholders' Deficit (9,565) (8,866)
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 29 May 2026
           
           
           
________________________________          
Mrs Joanne Roberts          
Director          
           



Automatic Gear Change Ltd
Notes to the Financial Statements
for the financial year ended 31 August 2025

   
1. General Information
 

Automatic Gear Change Ltd is a company limited by shares incorporated and registered in the England and Wales.

The registered number of the company is 12178458.

The registered office of the company is 2 Jagaar Court, Burtle, Bridgwater, TA7 8NU which is also the principal place of business of the company.

The financial statements have been presented in Pound (£) which is also the functional currency of the company.

         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Cash at bank and in hand
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Balance Sheet bank overdrafts are shown within Creditors.
 
Borrowing costs
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
 
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

 
Ordinary share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was:
 
  2025 2024
  Number Number
 
Employees 1 1
  ═════════ ═════════
       
4. Creditors 2025 2024
Amounts falling due within one year £ £
 
Bank loan 2,250 3,000
Trade creditors - 443
Other creditors 7,645 3,650
Accruals 430 360
  ───────── ─────────
  10,325 7,453
  ═════════ ═════════
 
Creditors include bank loans which are secured by the Government of £2,250 (2024 - £3,000).
       
5. Creditors 2025 2024
Amounts falling due after more than one year £ £
 
Bank loan - 2,250
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 4) 2,250 3,000
Repayable between one and two years - 2,250
  ───────── ─────────
  2,250 5,250
  ═════════ ═════════
 
 
Creditors include bank loans which are secured by the Government of £nil (2024 - £2,250).
           
6. Related party transactions
 

Gear Change Limited

A company under common control of the director.

As at the balance sheet date, the company owed £7,645 (2024: £3,650) to Gear Change Limited. The company considers this loan to be interest free and repayable on demand.