Autonatic Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04941161 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

AUTONATIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Bell

Mrs E Bell

SECRETARY:

Mrs E Bell

REGISTERED OFFICE:

3 Church Street

Odiham

Hook

Hampshire

RG29 1LU

REGISTERED NUMBER:

04941161 (England and Wales)

ACCOUNTANTS:

Goddard & Co

Chartered Accountants

3 Church Street

Odiham, Hook

Hampshire

RG29 1LU

FIXED ASSETS

Investment property

4

194,000

194,000

CURRENT ASSETS

Debtors

5

2,943

2,755

Investments

6

10,000

10,000

Cash at bank

43,406

52,818

56,349

65,573

CREDITORS

Amounts falling due within one year

7

7,774

26,117

NET CURRENT ASSETS

48,575

39,456

TOTAL ASSETS LESS CURRENT LIABILITIES

242,575

233,456

PROVISIONS FOR LIABILITIES

10,751

10,751

NET ASSETS

231,824

222,705

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

8

45,834

45,834

Retained earnings

184,990

175,871

231,824

222,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 23 June 2022 and were signed on its behalf by:

K Bell - Director

Mrs E Bell - Director

1.	STATUTORY INFORMATION

Autonatic 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 as modified by the revaluation of certain assets.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2021

and 31 December 2021

194,000

NET BOOK VALUE

At 31 December 2021

194,000

At 31 December 2020

194,000

Fair value at 31 December 2021 is represented by:

£

Valuation in 2016

69,585

Valuation in 2017

(13,000

)

Cost

137,415

194,000

If the Investment Property had not been revalued it would have been included at the following historical cost:

2021

2020

£

£

Cost

137,415

137,415

The Investment Property was valued on a fair value basis on 31 December 2018 by the Directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

2,943

2,755

6.	CURRENT ASSET INVESTMENTS

2021

2020

£

£

Other

10,000

10,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

3,077

3,665

Other creditors

4,697

22,452

7,774

26,117

8.

RESERVES

Fair

value

reserve

£

At 1 January 2021

and 31 December 2021

45,834