Registration number: 03244116

Auto Electrical Supplies Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Auto Electrical Supplies Limited

Balance Sheet

as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	613,045	668,417
Current assets
Stocks		430,789	645,660
Debtors	5	2,193,114	2,453,823
Cash at bank and in hand		1,260,587	1,240,759
		3,884,490	4,340,242
Creditors: Amounts falling due within one year	6	(2,403,212)	(2,668,680)
Net current assets		1,481,278	1,671,562
Total assets less current liabilities		2,094,323	2,339,979
Creditors: Amounts falling due after more than one year	6	-	(23,369)
Provisions for liabilities		(93,844)	(97,140)
Net assets		2,000,479	2,219,470
Capital and reserves
Allotted, called up and fully paid share capital		1,000	1,000
Profit and loss account		1,999,479	2,218,470
Shareholders' funds		2,000,479	2,219,470

Registration number: 03244116

Auto Electrical Supplies Limited

Balance Sheet

as at 31 October 2025 (continued)

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 8 July 2026 and signed on its behalf by:
 

......................................... Mr J M Fawkes Director

Auto Electrical Supplies Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 October 2025

1	General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 03244116.

The address of its registered office is:
128 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A – ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Auto Electrical Supplies Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to leasehold property	10% per annum on a straight line basis
Fixtures, fittings and equipment	15% per annum on a reducing balance basis
Motor vehicles	20% per annum on a reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 14 (2024 - 14).

Auto Electrical Supplies Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 October 2025 (continued)

4	Tangible assets

	Improvements to leasehold property £	Fixtures, fittings and equipment  £	Motor vehicles  £	Total £
Cost
At 1 November 2024	237,870	150,351	679,161	1,067,382
Additions	20,059	1,165	190,044	211,268
Disposals	(835)	(15,744)	(261,539)	(278,118)
At 31 October 2025	257,094	135,772	607,666	1,000,532
Depreciation
At 1 November 2024	73,393	108,611	216,961	398,965
Charge for the year	16,951	5,950	73,141	96,042
Eliminated on disposal	(835)	(13,303)	(93,382)	(107,520)
At 31 October 2025	89,509	101,258	196,720	387,487
Net book value
At 31 October 2025	167,585	34,514	410,946	613,045
At 31 October 2024	164,477	41,740	462,200	668,417

5

Debtors

Current	2025 £	2024 £
Trade debtors	748,177	883,129
Amounts owed by related parties	517,876	-
Prepayments	22,584	85,128
Other debtors	904,477	1,485,566
	2,193,114	2,453,823

Auto Electrical Supplies Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 October 2025 (continued)

6

Creditors

		2025 £	2024 £
Due within one year
Trade creditors		368,811	853,685
Loans and borrowings		23,369	13,865
Amounts owed to group undertakings and undertakings in which the company has a participating interest		1,504,468	1,627,510
Taxation and social security		96,536	91,114
Corporation tax liability		859	64,136
Accruals and deferred income		10,782	16,841
Other creditors		1,458	1,529
Directors loan accounts		396,929	-
		2,403,212	2,668,680

Due after one year
Bank loans and overdrafts		-	23,369

7	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £6,926 (2024 - £Nil).

8	Related party transactions

Transactions with directors

2025	At 1 November 2024 £	Advances to directors £	Repayments by director £	At 31 October 2025 £
Interest free loan	452,002	65,547	(517,549)	-