AUTOTEC_COMPONENTS_LIMITED_31_Mar_2026_companies_house_set_of

		2026	2025
Fixed assets
Tangible assets	5	32,969		25,959
Current assets
Stocks		374,774		394,718
Debtors	6	430,200		601,344
Cash at bank and in hand		313,401		466,947
		1,118,375		1,463,009
Creditors: amounts falling due within one year	7	(430,109	)	(729,845	)
Net current assets		688,266		733,164
Total assets less current liabilities		721,235		759,123
Creditors: amounts falling due after more than one year	8	(54,696	)	(125,922	)
Provisions for liabilities		(4,720	)	(2,236	)
Net assets		661,819		630,965
Capital and reserves
Called up share capital		102		102
Other reserves		51		51
Profit and loss account		661,666		630,812
Shareholders funds		661,819		630,965

Autotec Components Limited

Notes to the Financial Statements

Year ended

31 March 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Unit 4 Glenholme Park

Brunel Drive

Newark

NG24 2EG

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings	10% straight line
Plant and machinery	25% reducing balance
Fixtures and fittings	10% straight line
Office equipment	33% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not 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 would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was

(2025:

7.00

5 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 April 2025	55,409	34,135	89,544
Additions	-	18,448	18,448
At 31 March 2026	55,409	52,583	107,992
Depreciation
At 1 April 2025	38,395	25,190	63,585
Charge	2,924	8,514	11,438
At 31 March 2026	41,319	33,704	75,023
Carrying amount
At 31 March 2026	14,090	18,879	32,969
At 31 March 2025	17,014	8,945	25,959

6 Debtors

	2026	2025
	£	£
Trade debtors	418,126	589,253
Other debtors	12,074	12,091
	430,200	601,344

7 Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	71,227	82,556
Trade creditors	157,377	318,451
Taxation and social security	156,407	321,898
Other creditors	45,098	6,940
	430,109	729,845

8 Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans and overdrafts	54,696		125,922

The bank loan is secured by a fixed charge and floating charge over the company's assets.

9 Operating leases

	2026	2025
The company as lessee
	£	£
Later than 1 year and not later than 5 years	174,000	-
Later than 5 years	-	208,800
	174,000	208,800

		2026		2025
	Note	£		£
Fixed assets
Tangible assets	5	32,969		25,959
Current assets
Stocks		374,774		394,718
Debtors	6	430,200		601,344
Cash at bank and in hand		313,401		466,947
		1,118,375		1,463,009
Creditors: amounts falling due within one year	7	(430,109	)	(729,845	)
Net current assets		688,266		733,164
Total assets less current liabilities		721,235		759,123
Creditors: amounts falling due after more than one year	8	(54,696	)	(125,922	)
Provisions for liabilities		(4,720	)	(2,236	)
Net assets		661,819		630,965
Capital and reserves
Called up share capital		102		102
Other reserves		51		51
Profit and loss account		661,666		630,812
Shareholders funds		661,819		630,965