Automania (South Wales) Limited

Automania (South Wales) Limited

AUTOMANIA (SOUTH WALES) LIMITED - Company Information

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Company Registration No. 06874285 (England and Wales)
Automania (South Wales) Limited Unaudited accounts for the year ended 31 March 2022
Automania (South Wales) Limited Unaudited accounts Contents
Page
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Automania (South Wales) Limited Company Information for the year ended 31 March 2022
Director
Charles Gay
Company Number
06874285 (England and Wales)
Registered Office
Walnut Tree Farm St. Brides Wentlooge Newport Gwent NP10 8SQ United Kingdom
Accountants
Nathan Evans Limited 16 Cambrian Way Marshfield Cardiff CF3 2WB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Automania (South Wales) Limited for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Automania (South Wales) Limited for the year ended 31 March 2022 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Nathan Evans Limited Chartered Accountants 16 Cambrian Way Marshfield Cardiff CF3 2WB 25 October 2022
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Automania (South Wales) Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,684 
278 
Current assets
Debtors
5
3,592 
4,192 
Cash at bank and in hand
574 
8,519 
4,166 
12,711 
Creditors: amounts falling due within one year
6
(2,986)
(5,138)
Net current assets
1,180 
7,573 
Net assets
2,864 
7,851 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,862 
7,849 
Shareholders' funds
2,864 
7,851 
For the year ending 31 March 2022 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2022 and were signed on its behalf by
Charles Gay Director Company Registration No. 06874285
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Automania (South Wales) Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Automania (South Wales) Limited is a private company, limited by shares, registered in England and Wales, registration number 06874285. The registered office is Walnut Tree Farm, St. Brides Wentlooge, Newport, Gwent, NP10 8SQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
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Automania (South Wales) Limited Notes to the Accounts for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2021
400 
3,020 
3,420 
Additions
- 
2,000 
2,000 
Disposals
- 
(500)
(500)
At 31 March 2022
400 
4,520 
4,920 
Depreciation
At 1 April 2021
400 
2,742 
3,142 
Charge for the year
- 
507 
507 
On disposals
- 
(413)
(413)
At 31 March 2022
400 
2,836 
3,236 
Net book value
At 31 March 2022
- 
1,684 
1,684 
At 31 March 2021
- 
278 
278 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
495 
966 
Other debtors
3,097 
3,226 
3,592 
4,192 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
2,103 
1,447 
Taxes and social security
666 
3,474 
Other creditors
217 
217 
2,986 
5,138 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Charles Gay
Loan
3,097 
- 
- 
3,097 
3,097 
- 
- 
3,097 
8
Controlling party
The company was under the control of Mr Charles Gay throughout the current and prior period. Mr Gay owns 100% of the share capital. During the year the company paid dividends of £7,352 (2021: £6,910) to the director, Mr Charles Gay.
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Automania (South Wales) Limited Notes to the Accounts for the year ended 31 March 2022
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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