AVX Auto Repairs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12060403 (England and Wales)

Unaudited Financial Statements

for the Period 19 June 2019 to 30 June 2020

for

AVX Auto Repairs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M T Hussain

Mrs H Choudhary

REGISTERED OFFICE:

Simplex House

Freshwater Road

Dagenham

Essex

RM8 1RX

REGISTERED NUMBER:

12060403 (England and Wales)

CURRENT ASSETS

Stocks

2,074

Debtors

4

129,706

Cash at bank

13,366

145,146

CREDITORS

Amounts falling due within one year

5

50,596

NET CURRENT ASSETS

94,550

TOTAL ASSETS LESS CURRENT LIABILITIES

94,550

CREDITORS

Amounts falling due after more than one year

6

50,000

NET ASSETS

44,550

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

44,450

SHAREHOLDERS' FUNDS

44,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2021 and were signed on its behalf by:

Mrs M T Hussain - Director

1.	STATUTORY INFORMATION

AVX Auto Repairs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

81,932

Other debtors

47,774

129,706

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

6,933

Taxation and social security

42,163

Other creditors

1,500

50,596

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

50,000

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Directors' current account balance of debit £46,236 relates to Mrs M T Hussain and Mrs H Choudhary. This money was fully repaid within 9 months after the year-end.