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Company Registration No. 03218489 (England and Wales)
Autoquality Limited Unaudited accounts for the year ended 31 May 2026
Autoquality Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Autoquality Limited Company Information for the year ended 31 May 2026
Director
Mr Geoff Smith
Company Number
03218489 (England and Wales)
Registered Office
Unit 8, The Quad Chester West Employment Park, Sealand Rd Chester CH1 4QP
Accountants
KLAS ACCOUNTANTS LTD Eastham Hall 109, Eastham Village Road Eastham Wirral CH62 0AF
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Autoquality Limited Statement of financial position as at 31 May 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
55,068
22,997
Current assets
Inventories
170,690
182,635
Debtors
5
486,241
584,600
Cash at bank and in hand
95,733
96,633
752,664
863,868
Creditors: amounts falling due within one year
6
(323,996)
(376,575)
Net current assets
428,668
487,293
Total assets less current liabilities
483,736
510,290
Provisions for liabilities
Other provisions
(6,365)
(7,812)
Net assets
477,371
502,478
Capital and reserves
Called up share capital
100
100
Profit and loss account
477,271
502,378
Shareholders' funds
477,371
502,478
For the year ending 31 May 2026 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 director acknowledges his 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 and authorised for issue on 24 June 2026 and were signed on its behalf by
Mr Geoff Smith Director Company Registration No. 03218489
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Autoquality Limited Notes to the Accounts for the year ended 31 May 2026
1
Statutory information
Autoquality Limited is a private company, limited by shares, registered in England and Wales, registration number 03218489. The registered office is Unit 8, The Quad, Chester West Employment Park, Sealand Rd, Chester, CH1 4QP.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Land & buildings
2% straight line
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% straight line
Pension costs
Contributions to defined contribution scheme are recognised as an expense in the profit and loss account in the period in which the related service is provided.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Autoquality Limited Notes to the Accounts for the year ended 31 May 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2025
33,546
30,663
7,249
71,458
Additions
713
49,200
513
50,426
At 31 May 2026
34,259
79,863
7,762
121,884
Depreciation
At 1 June 2025
33,546
7,666
7,249
48,461
Charge for the year
178
18,049
128
18,355
At 31 May 2026
33,724
25,715
7,377
66,816
Net book value
At 31 May 2026
535
54,148
385
55,068
At 31 May 2025
-
22,997
-
22,997
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
318,241
390,600
Other debtors
168,000
194,000
486,241
584,600
6
Creditors: amounts falling due within one year
2026
2025
£
£
Obligations under finance leases and hire purchase contracts
14,033
-
Trade creditors
219,352
283,304
Taxes and social security
82,918
84,709
Other creditors
5,193
6,062
Accruals
2,500
2,500
323,996
376,575
7
Average number of employees
During the year the average number of employees was 7 (2025: 6).
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