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Automotive Paintwork Solutions Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Digital Accountancy (NE) Ltd
The Spetchells Centre
58 Front Street
Prudhoe
Northumberland
NE42 5AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11058393
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,367 39,015
44,367 39,015
CURRENT ASSETS
Stocks 5 750 750
Debtors 6 200 200
Cash at bank and in hand 89,413 86,966
90,363 87,916
Creditors: Amounts Falling Due Within One Year 7 (47,989 ) (40,395 )
NET CURRENT ASSETS (LIABILITIES) 42,374 47,521
TOTAL ASSETS LESS CURRENT LIABILITIES 86,741 86,536
NET ASSETS 86,741 86,536
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 86,641 86,436
SHAREHOLDERS' FUNDS 86,741 86,536
Page 1
Page 2
For the year ending 30 November 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Porrelli
Director
14/04/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Automotive Paintwork Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11058393 . The registered office is 1 Hall Chase, Callerton, Newcastle upon Tyne, Tyne and Wear, NE5 1DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2024 96,180
Additions 17,735
As at 30 November 2025 113,915
Depreciation
As at 1 December 2024 57,165
Provided during the period 12,383
As at 30 November 2025 69,548
Net Book Value
As at 30 November 2025 44,367
As at 1 December 2024 39,015
5. Stocks
2025 2024
£ £
Stock 750 750
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 200 200
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax - 4,011
VAT 8,632 6,268
Accruals and deferred income 2,333 1,682
Directors' loan accounts 37,024 28,434
47,989 40,395
Page 4
Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5