Autokraft Cosmetic Car Repairs Limited,Ltd - AccountsLtd - Accounts

Autokraft Cosmetic Car Repairs Limited,Ltd - AccountsLtd - Accounts

AUTOKRAFT COSMETIC CAR REPAIRS LTD - Company Information

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2019-11-01 04557224 2020-10-31 04557224 2019-11-01 2020-10-31 04557224 2019-10-31 04557224 2018-11-01 2019-10-31 04557224 uk-core:WithinOneYear 2019-10-31 04557224 uk-core:WithinOneYear 2020-10-31 04557224 uk-core:AfterOneYear 2019-10-31 04557224 uk-core:AfterOneYear 2020-10-31 04557224 uk-core:ShareCapital 2020-10-31 04557224 uk-core:ShareCapital 2019-10-31 04557224 uk-core:RetainedEarningsAccumulatedLosses 2020-10-31 04557224 uk-core:RetainedEarningsAccumulatedLosses 2019-10-31 04557224 uk-bus:Director1 2019-11-01 2020-10-31 04557224 uk-core:PlantMachinery 2019-11-01 2020-10-31 04557224 uk-core:MotorVehicles 2019-11-01 2020-10-31 04557224 uk-core:FurnitureFittings 2019-11-01 2020-10-31 04557224 uk-core:ToolsEquipment 2019-10-31 04557224 uk-core:FurnitureFittings 2019-10-31 04557224 uk-core:MotorVehicles 2019-10-31 04557224 uk-core:PlantMachinery 2019-10-31 04557224 uk-core:MotorVehicles 2020-10-31 04557224 uk-core:FurnitureFittings 2020-10-31 04557224 uk-core:ToolsEquipment 2020-10-31 04557224 uk-core:PlantMachinery 2020-10-31 04557224 uk-core:ToolsEquipment 2019-11-01 2020-10-31 iso4217:GBP xbrli:pure 04557224 uk-bus:AuditExemptWithAccountantsReport 2019-11-01 2020-10-31 04557224 uk-bus:FRS102 2019-11-01 2020-10-31 04557224 uk-bus:FullAccounts 2019-11-01 2020-10-31 04557224 uk-bus:PrivateLimitedCompanyLtd 2019-11-01 2020-10-31
Autokraft Cosmetic Car Repairs Limited
Registered Number:04557224
For the year ended 31 October 2020
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 31 October 2020
Autokraft Cosmetic Car Repairs Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04557224
As at 31 October 2020
Autokraft Cosmetic Car Repairs Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
6,840
8,946
2
6,840
8,946
Current assets
Inventories
1,340
755
3
Trade and other receivables
6,180
2,863
4
36,047
Cash and cash equivalents
32,057
35,675
43,567
Trade and other payables: amounts falling due within one
year
(8,217)
(3,809)
5
35,350
31,866
Net current assets
Total assets less current liabilities
38,706
44,296
Trade and other payables: amounts falling due after more
than one year
(4,872)
(1,188)
6
37,518
Net assets
39,424
Capital and reserves
Called up share capital
100
100
Retained earnings
37,418
39,324
37,518
39,424
Shareholders' funds
For the year ended 31 October 2020 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 of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr R D Sykes Director
These financial statements were approved and authorised for issue by the Board on 15 June 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2020
Autokraft Cosmetic Car Repairs Limited
Notes to the Financial Statements
Statutory Information
Autokraft Cosmetic Car Repairs Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 04557224.
Registered address:
11 Hollytree close
Castleford
West Yorkshire
WF10 5WB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15 Reducing balance
25 Reducing balance
Motor vehicles
33 Reducing balance
Fixtures and fittings
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 November 2019
29,747
3,843
3,066
16,016
6,822
At 31 October 2020
16,016
3,066
3,843
29,747
6,822
Provision for depreciation and impairment
At 01 November 2019
20,801
3,029
2,670
10,526
4,576
Charge for year
2,106
268
130
1,372
336
At 31 October 2020
22,907
3,297
2,800
11,898
4,912
At 31 October 2020
Net book value
1,910
4,118
266
546
6,840
At 31 October 2019
2,246
5,490
396
814
8,946
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5
For the year ended 31 October 2020
Autokraft Cosmetic Car Repairs Limited
Notes to the Financial Statements Continued
3. Inventories
2019
2020
£
£
Stocks
755
1,340
4. Trade and other receivables
2019
2020
£
£
Trade debtors
2,700
6,180
Other debtors
163
-
6,180
2,863
5. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Taxation and social security
3,010
7,419
Other creditors
799
798
3,809
8,217
6. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Other creditors
1,188
4,872
7. Average number of persons employed
During the year the average number of employees was 1 (2019 : 2)
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