Autotech Reading Limited 31/12/2021 iXBRL
Autotech Reading Limited 31/12/2021 iXBRL
Company registration number:
06846461
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Accountants |
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Statement of financial position
31 December 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
21 April 2022
, and are signed on behalf of the board by:
Director
Company registration number:
06846461
Notes to the financial statements
Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Unit 1-2 Taplow Road, Marshgate Trading Estate, Taplow, Maidenhead, Berks, SL6 0ND.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Taxation
Tangible assets
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Provisions
Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
15
(2020:
10
).
5.
Tangible assets
Plant and machinery | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2021 |
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Additions |
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At 31 December 2021 |
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Depreciation | |||
At 1 January 2021 |
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Charge for the year |
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At 31 December 2021 |
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Carrying amount | |||
At 31 December 2021 |
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At 31 December 2020 |
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6.
Debtors
2021 | 2020 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Creditors: amounts falling due after more than one year
2021 | 2020 | |||
£ | £ | |||
Bank loans and overdrafts | - |
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Other creditors |
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9.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ | £ | |
Later than 5 years |
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10.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(owed to) | ||||
2021 | 2020 | 2021 | 2020 | ||
£ | £ | £ | £ | ||
Autotech ARC Ltd | 27,976 | ( 26,162) | ( 2,710) | ( 4,238) | |
Autotech Slough Ltd | 295,894 | 179,506 | ( 10,227) | ( 16,864) | |
Autotech High Wycombe Ltd | ( 618) | 10,443 | ( 683) | ( 5,288) | |
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The above balances owed by / owed to are included in trade debtors and trade creditors.
11.
Controlling party
The company is under the control of its directors by virtue of their shareholding.